As our community adjusts to legislation resulting from the novel coronavirus, SUNY Potsdam’s Raymond Legacy Society will continue to share the most up-to-date information regarding philanthropy so that you may best plan for your future and support the causes that are important to you.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. This Act includes provisions intended to encourage charitable giving in 2020. Read more
SUNY Potsdam has prioritized several giving opportunities as many of our students face increased financial challenges as a result of the current pandemic. By contributing to one of the following programs, you ensure that these students can continue their education at SUNY Potsdam:
- The Student Care Fund is used to provide support to students in need of resources to deal with one-time emergencies.
- The Pay It Forward Scholarship Program offers support to students who are facing financial challenges that cannot be met through traditional funding assistance.
- The Fund for Scholarships provides the College with flexibility to support students who do not meet criteria (major, class year, etc.) for restricted scholarships.
- The Campus Food Pantry is open to any member of our campus community who needs food or toiletries, no questions asked.
Below, we have provided several resources to assist you in achieving your philanthropic goals. Should you have any questions, please contact us:
Jason Ladouceur, Director of Gift Planning
Potsdam College Foundation
44 Pierrepont Ave., Potsdam, NY 13676
The CARES Act and Charitable Giving
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020. The Act is a $2 trillion economic stimulus package to provide relief for individuals, businesses, nonprofits and state and local governments. Included in the Act are provisions intended to encourage charitable giving in 2020. Learn More
The SECURE Act and Charitable Giving
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. The provisions of the law took effect on January 1, 2020.
For individuals who turn 70½ after December 31, 2019, the Required Minimum Distribution (RMD) age of 70½ is increased to age 72. Those who reached age 70½ on or before December 31, 2019 must start their RMDs. But while the age to begin RMDs has increased to 72, the minimum age to begin making qualified charitable distributions (QCD) remains at 70½ for everyone. Learn More
The Tax Cuts and Jobs Act of 2017 and Charitable Giving
The Tax Cuts and Jobs Act of 2017 (TCJA) may impact how we make gifts to charity. While some rules have changed, there are still many tax-efficient ways to support SUNY Potsdam students and programs.
Find out more about what has, and has not, changed, and how you can still support Potsdam in tax-advantaged ways. Learn More
IRA Qualified Charitable Distributions
Do you want to reduce your tax burden, while at the same time benefiting students and programs at SUNY Potsdam?
If you are 70½ or older, you can make a gift distribution directly to Potsdam from your IRA up to $100,000 each year without the distribution being included as taxable income, but allowing it to count towards the annual required minimum distribution (RMD).
Making an IRA Qualified Charitable Distribution to SUNY Potsdam is simple! Learn More
Donor - Advised Funds (DAFs)
A donor-advised fund is a giving vehicle administered by a public charity to manage charitable donations. A donor opens an account in the fund and contributes cash, securities or other assets. The donor surrenders ownership of the donated assets, but retains certain advisory privileges which may include how the account is invested and how grants are made from the fund to charities. Learn More