SDCL § 43-5-7: Exempt transfers.

This chapter does not limit any of the following:

(1) Transfers, outright or in trust, for charitable purposes;

(2) Transfer to charitable corporations;

(3) Transfers to any cemetery corporation, society, or association; or

(4) Employees' trusts created as part of a pension, retirement, insurance, savings, stock bonus, profit sharing, or similar plan established by an employer for the benefit of employees eligible to participate.