SUNY Impact Tax Credit
SUNY Impact Foundation Charitable Tax Credit Program 2025
SUNY Impact Foundation Charitable Tax Credit Program 2025
What is it?
A time-limited opportunity to make a donation for the benefit of SUNY Adirondack and receive a significant tax benefit through the SUNY Impact Foundation Charitable Tax Credit Program. There is a $10 million cap on this SUNY-wide program. This is an extraordinary opportunity for alumni and friends to provide meaningful support to SUNY Adirondack.
For the sum of qualified contributions in 2025, a donor will have the following tax benefits:
New York State: 85% of the qualified contribution is a refundable tax credit against NYS income tax, and 15% of the qualified contribution can be a deduction against NYS income tax. A donor can benefit from both a deduction and credit on their NYS personal income tax return.
Federal: 15% of the qualified contribution can be a deduction against federal income tax.
What are the important dates?
Applications due: Submit the online application by September 30, 2025 to guarantee participation.
If total applications exceed $10 million: The SUNY Impact Foundation will prorate all requests. For example, if donors submit a total of $20 million in applications, then every donor’s approved contribution amount will be reduced by 50%.
Stock transfer deadline: Stock or securities must be initiated by November 21, 2025.
Donation deadline: All authorized donations must be received by November 26, 2025 to qualify.
How does it work?
To participate with a gift in support of SUNY Adirondack, please contact Liz Lastowski in the Foundation office with your proposed gift amount, and we will send you an online application from the SUNY Impact Foundation.
Once the application has been submitted, the SUNY Impact Foundation will issue an acknowledgment of application. After October 1, the SUNY Impact Foundation will send the donor an authorization certificate that includes the approved donation amount (which may be prorated), along with payment instructions.
Once the authorization certificate has been received, donors can make their donations.
At the completion of the program, the SUNY Impact Foundation will distribute the gifts received to the SUNY Adirondack Foundation.
Donations qualifying under the program must be between a minimum of $10,000 and a maximum of $100,000 per donor/tax filing.
How can I make my donation?
Cash: Wire transfer (only) payable to the SUNY Impact Foundation, Inc.
Combination of cash and stock
Stocks: Evaluated at market value on the day of receipt. Stock orders must be placed by November 21, 2025. (Please note that stock gifts are processed through the University at Buffalo Foundation, but your gift will be conveyed to SUNY Adirondack.)
Donations through family foundations, donor advised funds, S-corps, or corporations are not eligible for this program. Wire transfers and securities must come from a personal account.
Other important details
All donations are subject to a 2% administrative processing fee from the SUNY Impact Foundation.
No in-kind donations are accepted.
You may, if desired, direct your gift to support the college’s greatest needs through the SUNY Adirondack Fund, support an existing endowed fund, or create a new endowed fund.
Only individuals are eligible to make donations: corporations, S-corps, family foundations, and donor-advised funds cannot participate.
Statutory language of the New York State Charitable Tax Credit for Higher Education can be found within Chapter 59 of the laws of 2018, Part LL (references Article 22 and Section 606 of NYS tax law).
Credit card gifts are subject to an additional 3% fee and should be considered a last option for payment.
To take full advantage of the tax credit, the donor should have a tax liability in NYS at least equal to the amount of the requested tax credit.
Questions or ready to apply?
Please contact:
Liz Lastowski
Director of Annual Giving & Alumni Relations
SUNY Adirondack Foundation
đź“ž (518) 743-2243
📧 lastowskie@sunyacc.edu