SUNY Potsdam’s Raymond Legacy Society is committed to sharing 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. Below, we have provided several resources to assist you in achieving your philanthropic goals. Should you have any questions, please contact us:
Jason Ladouceur, Senior Director of College Advancement
Potsdam College Foundation
44 Pierrepont Ave., Potsdam, NY 13676
NYS Charitable Tax Credit Program 2023
For the third year in a row, the NYS Charitable Tax Credit Program offered though the SUNY Impact Foundation will allow residents of New York State to support SUNY schools and receive a tax benefit. To be eligible, donors’ New York State tax liability for 2023 must exceed $10,000. Interested donors must first contact SUNY Potsdam.
The Latest COVID Relief Package and Charitable Giving
The latest COVID relief package was signed into law on December 27, 2020 as part of the Consolidated Appropriations Act, 2021. The law provides approximately $900 billion in coronavirus relief funding, including extended unemployment benefits and one-time relief payments to many Americans. The new law also extends into 2021 two philanthropic provisions of the CARES Act of particular interest to donors. 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
Charitable Gift Annuities
A SUNY Potsdam charitable gift annuity is a contract between the donor(s) and the Potsdam College Foundation that guarantees fixed income payments to one or two beneficiaries for life. Learn More