NYS Charitable Tax Credit Program
Make a powerful impact at Alfred State College — and benefit from tax savings.
This fall, make a charitable gift to the SUNY Alfred State Development Fund to support students, programs, existing funds, or other causes that reflect your philanthropic goals. Eligible gifts may also qualify for extraordinary state tax credits through the New York State Charitable Tax Credit Program, administered by the SUNY Impact Foundation. Created to encourage philanthropy across New York, the program enables eligible donors to maximize both their charitable impact and their state tax benefits.
New York State
85% Tax Credit & 15% Deduction
Donors will get a 85% tax credit on the qualified contribution AND a 15% deduction of the qualified contribution on their NYS tax filing.
Federal
15% Deduction
15% of the qualified contribution can be a deduction against federal income tax.
Donors should consult a qualified tax professional to determine how these benefits apply to their situation.
Application for NYS Charitable Tax Credit Program
You must submit an application. Applications can be submitted online through Sept. 30, 2026. Once the application has been submitted, the SUNY Impact Foundation will issue an acknowledgment of application.
Donations under the NYS Charitable Tax Credit Program are limited to a minimum of $10,000 and a maximum of $100,000 per donor, per tax filing.
What are the important dates?
Please note the credit cannot roll forward into a future tax year, nor can it fulfill previous tax obligations.
Authorization & Payment
Gifts Distributed to SUNY Alfred State Development Fund
At the completion of the program, the SUNY Impact Foundation will distribute the gifts received to the SUNY Alfred State Development Fund.
How Can Donations Be Made?
- Credit card, wire transfer, or stocks/securities
- Combination cash & stock
- Stocks: The designated campus will receive funds based on the actual proceeds of any stock gifts (sale price minus all brokerage fees associated with the transaction). The donor will receive an income tax credit based on the valuation of their gift.
- No in-kind donations are accepted
- All donations are subject to a 2 percent administrative processing fee from the SUNY Impact Foundation; credit card gifts are subject to an additional 3 percent fee.
Other Important Details
- Donors should use personal contact information (not business), including their personal email address.
- 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.
- The statutory language for the NYS Charitable Tax Credit for Higher Education appears in Chapter 59 of the Laws of 2018, Part LL, which references Article 22 and Section 606 of NYS tax law.
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