2019 Year-end Charitable Giving Tips and Reminders
Many of us consider charitable gifts at year-end as part of our annual philanthropic and financial planning. We may wish to share our good fortune and make a difference while at the same time maximizing the tax benefits of our giving before the end of the calendar year.
SUNY Potsdam is pleased to share 13 tips and reminders to make your year-end giving process an enjoyable one as we approach December 31.
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 Charitable Rollover Gift
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 Rollover Gift to SUNY Potsdam is Simple! Learn More