GrowinG for Good:
South Dakota Community Foundation
SDCF Board of Directors Chair Jim Hart Vice Chair John Porter Secretary Stephanie Judson SDCF President Treasurer Jeff Erickson Members David Anderson Beth Benning Bruce Brandner Muffy Christen Janet B. Cronin Kathy Gunderson Charles Hart Al Kurtenbach Deanna Lien Keith Moore Trudy Morgan Steve Myers Anita Nachtigal Stanley Porch Norbert Sebade Doug Sharp Curt Wischmeier SDCF Staff For a complete listing of SDCF staff please visit SDCommunityFoundation.org/Staff
Spring 2015
introducing the SdCf’s new Land Management Program
Allowing real Estate to Benefit nonprofits
For the last 27 years, the South Dakota Community Foundation has accepted gifts in many forms, including gifts of land and real estate. Until now, our policies dictated that we sell any property gifted to the South Dakota Community Foundation. Now, through our “Growing for Good” land management program, a donor can make a gift of land and allow the SDCF to hold and manage the land. Then, for generations to come, charitable entities and causes the donor recommends will benefit from the proceeds.
How it works for landowners:
1. Evaluate Tax Implications. The land of many South Dakotans has a very low cost basis and selling it often generates significant capital gains tax. Gifting a portion of land to charitable interests through the SDCF allows you, as a landowner, to reduce or effectively eliminate capital gains and estate tax.
2. Consider Gifting Options. The SDCF listens to your desires as a landowner before presenting philanthropic options that best meet your needs. Each donor’s situation is different, but several land gifting options exist, including: • Making an immediate or deferred gift of land. • Allowing the SDCF to sell your gift of land. The sale proceeds are added to your endowed fund and a percentage is distributed to charities annually. • Choosing the SDCF to hold and manage your gift of land. A portion of the land’s net income will be distributed to the nonprofits you recommend each year. • Retaining a life estate in land by gifting a piece of property but continuing to receive a stream of income off that property throughout your life 3. Produce in Perpetuity. You’ve focused on yielding a harvest your entire life. By gifting land through the SDCF, that production, and your legacy, doesn’t end. Your land will continue to provide for others as proceeds from the sale of your land or annual net income benefits the
Get Started
Growing for Good — It is what you do. It is what we do. And we look forward to working with you to reduce your tax bill and benefit your community. To learn more about the Growing for Good program and discuss the land giving option that will work best for you, contact our office at 800.888.1842.