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Charitable Tax Credit Program

New York State Charitable Tax Credit Program for 2023

Don't miss this extraordinary opportunity to receive an up to 85% tax credit when you make a gift of $10,000 to $100,000 to SUNY ESF through the New York State Charitable Tax Credit Program. Donors must apply and be accepted to participate in the program, and applications must be completed and filed by September 30, 2023. If you will have New York State income tax liability for tax year 2023, and would prefer your money go to SUNY ESF, this special program could be for you.

What is it?

A time sensitive opportunity to make a donation to SUNY ESF and receive an extraordinary tax benefit through this special program being administered by the SUNY Impact Foundation. The donor can designate SUNY ESF to receive the donation (through the ESF College Foundation) and can designate the purpose of the donation, including adding to existing ESF College Foundation funds.

For the sum of the qualified contributions in 2023, a donor will have the following tax benefits on tax year 2023 income tax filings:

  • New York State Tax Benefits

    • 85% of the qualified contribution can be applied as tax credit, and
    • 15% of the qualified contribution can be a deduction.
  • Federal Tax Benefits

    • 15% of the qualified contribution can be a deduction.

How does it work?

  • In order to participate, a donor must first request authorization through SUNY ESF who will then work with the donor and the SUNY Impact Foundation to complete an application.
  • Donations qualifying under the NYS Charitable Tax Credit program for 2023 are limited to a minimum donation of $10,000 and to a maximum donation of $100,000 per donor/ tax identification number and tax filing.

Who is eligible?

  • Only individuals are eligible. Donations through family foundations, donor advised funds and corporations are not eligible for this program.
  • Individuals must have a New York State tax liability to participate in this program.
  • New York City, or local taxes, are not eligible.
  • Approval from the SUNY Impact Foundation is required to participate. Approval is granted following a successful application process.

What is the application process?

  • Contact us to receive an application: Dana Piwinski, SUNY ESF Development Office, or (315) 470-4948.
  • The application must be completed and filed with the SUNY Impact Foundation by September 30, 2023.

What are the deadlines?

  • Applications to participate in the program are due on September 30, 2023.
  • All donations must be received by November 30, 2023 to qualify.
  • After working with SUNY ESF to be accepted into the program, donations from the donor are paid to the SUNY Impact Foundation. The SUNY Impact Foundation will then transfer the donation to the donor designated campus, minus a 2% administrative fee.

Ways you can make your donation:

  • Cash—check or wire transfer.
  • Combination cash and stock
  • Stocks: Stock donations for this program will be administered by the University of Buffalo and transferred to the SUNY Impact Foundation. November 21, 2023 is the last day for stock transfers to be submitted to brokerage houses.
  • No in-kind donations are allowed under this program.

Other important considerations

  • Checks and wire transfers must be from personal accounts, no corporate accounts.
  • All checks should be sent with tracking whether private courier or USPS.
  • Snapping a picture or scanning a check prior to mailing is helpful.
  • All wires transfers should be initiated by 11/28/23.
  • Stock orders must be placed for transfer by 11/21/23.

Interested? Contact us today!

Dana Piwinski '80, SUNY ESF Development Office or (315) 470-4948