Al Ireson '47
Al Ireson '47 was not one of Mines’ wealthiest alumni, but he was among the most dedicated and loyal. He died in February, 2017, just prior to his 96th birthday. His lifetime of loyal contributions and his regular presence on campus made a meaningful impact on the school and the students of yesterday, today, and far into the future. Because of his generosity in consistently giving what he could to the school, students in perpetuity will have access to the Mines education that Ireson valued so dearly.
The Alfred T. Ireson and Family Endowed Scholarship Fund, established in 2000, has supported at least 29 students so far. Through Ireson’s after lifetime gifts, this scholarship fund will continue to grow and provide financial help to more students at Mines.
In recent years, Ireson gave his required minimum distribution from his IRA to Mines, totaling almost $40,000 each year. Mines was also a beneficiary of Ireson’s IRA after his lifetime, providing the scholarship fund with an additional $722,000.
Ireson generously deeded his home, located in Golden, to the university as a life estate gift. Per his direction, the funds from the sale of the house will be be added to the scholarship fund.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.