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Alumni Association

Alum Success

"My two business degrees from LSSU were instrumental in preparing me to work at all levels of Edison Sault Electric (ESE), concluding with the privilege of becoming ESE President in 1998. My company also takes pride in that 14 out of a total of 17 management personnel and about 20% of hourly employees at ESE either have degrees from or have attended a substantial number of classes at LSSU. Finally, our company and employees have contributed in excess of $500,000 to various LSSU projects over the last 25 years. ESE Believes in Blue."

Don Sawruk '70
Edison Sault Electric Company
President and CEO
Sault Ste. Marie, MI

LSSU Foundation

Giving Securities

A unique way to give to Lake Superior State University is through the transfer of appreciated stocks and securities. Whether in a “bull” or a “bear” market, stocks are a good way of giving.

If you have held the stock for just 12 months, giving stock will provide you with:

A charitable deduction at the full fair market value of the stock regardless of what price which you purchased it at.
An elimination of any capital gain tax related to the sale for this tax is waved.

In order to take full advantage of the tax benefits it is best to give stock that has increased in value from your original purchase price to get the full tax advantage. If your stock is less than your original purchase price, it is better to sell the stock yourself, claim the loss, and give the proceeds to LSSU.

How do you give stock and securities? Tell your broker to contact our broker.

Our current broker information:
Bill McLeod
Edward Jones & Company
939 East Portage Avenue
Sault Ste. Marie, MI 49783
906-632-4985 (office)
877-222-4065 (fax)

The DTC number is: 0057
Our account number is: 498-03736-1-9
Our tax identification number is: 38-2576021

Here is a sample of a stock transfer letter: click here

It is very important that you contact the LSSU Foundation to notify us of your stock transfer so that we can give you proper and timely acknowledement of your gift.

Note: It is the policy of the LSSU Foundation to sell stock upon receipt.

Robotics...

Dereck Wonnacutt Robotics and Computer Science

"Lake Superior State is the only robotics program of its kind in the country. I can work up any research or senior project idea with a professor or my advisor. I studied for a year in Japan through LSSU's connection with the Japan Center for Michigan Universities, and became fluent in Japanese. A Japanese company called Fanuc makes most of the robots in our lab. I'd like to roll my senior research project into a career with Fanuc that bridges the two countries and cultures."

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