Skip to main content

SUNY IMPACT FOUNDATION

SUNY IMPACT FOUNDATION NYS Charitable Tax Credit Program

What is it?

A group of people walking on a sidewalkDescription automatically generated with low confidenceA one-time, time-limited opportunity to make a donation to SUNY Geneseo and receive an extraordinary tax benefit through the SUNY Impact Foundation. There is a $10M cap on the SUNY-wide program.

For the sum of the qualified contributions in 2021, a donor will have the following tax benefits:

—NY State: 100% of the qualified contribution can be a deduction and 85% of the qualified contribution as a tax credit. A donor gets the benefit of both a deduction and credit on their NYS tax filing.

 —Federal: 15% of the qualified contribution is deductible.

When is the deadline?

—Applications to participate in the program are first-come-first-serve basis.

—All donations must be received by November 30, 2021, to qualify.

How does it work?

—A donor must have an authorization from the SUNY Impact Foundation to participate.

—Donations qualifying under the NYS Charitable Tax Credit program will be limited to a minimum of $10,000 and to a maximum of $100,000 per donor/ tax identification number and tax filing.

—Donations through a family foundation are not eligible for this tax credit program.

Ways you can make your donation:

—Cash—check or wire transfer

—Combination cash and stock

—Stocks: evaluated value the day of receipt is the actual donation amount regardless of its value the day donor submitted their request their agent

—No in-kind donations are accepted

—All donations are subject to a 1% administrative processing fee

—Donor can designate their intention for the gift

INFORMATION WEBINARS AVAILABLE: October 28, November 3 or November 4, 2021. Learn more here.

Contact: SUNY Geneseo College Advancement:

Ellen Leverich, VP for College Advancement: eleverich@geneseo.edu / 585-245-5626

Christopher Smith, AVP for College Advancement: smithch@geneseo.edu / 585-245-5705