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NYS Charitable Tax Credit Program

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. This is an incredible opportunity for alumni and friends to provide meaningful support to SUNY Potsdam.

To be eligible, donors’ New York State tax liability for 2023 must exceed $10,000. Donations qualifying under the NYS Charitable Tax Credit program will be limited to a minimum of $10,000 and a maximum of $100,000 per donor/income tax filing.

For the sum of the qualified contributions in 2023, a donor may receive the following tax benefits:

  • 85% tax credit on New York State taxes
  • 15% deduction on New York State taxes (for those who itemize their deductions)
  • 15% deduction on federal taxes (for those who itemize their deductions)

Interested donors must first contact SUNY Potsdam. The College will then request an online application from the SUNY Impact Foundation. To guarantee a spot in the program, donors should complete this application by Noon on September 29.

Once a donor’s application has been approved, the individual can make a qualified donation. The donation must be received by the SUNY Impact Foundation by November 30, 2023 to be eligible for the income tax credit described above.

Additional details:

  • Donors may designate their gifts.
  • Gifts may be made from cash, stocks or a combination of both.
  • Gifts from family foundations, S corporations, donor-advised funds or IRA Charitable Rollovers are not eligible.

For more information and to request an application, contact Jason Ladouceur '94, Senior Director of College Advancement, at jason@potsdam.edu or (315) 267-2123.

The Raymond Legacy Society celebrates those who have made a gift arrangement in their estate to the College, as well as those who have established a permanent endowed fund. The Society also provides educational material on giving to assist alumni and friends in achieving their philanthropic goals. For more information, visit potsdam.edu/legacy.