SUNY Impact Foundation NYS Charitable Tax Credit Program

Get the answers you need on how to take advantage of an extraordinary tax benefit through the SUNY Impact Foundation NYS Charitable Tax Credit Program.

Accountant working with US tax forms.

What is it?

Using the CARES act is a smart idea.

A one-time, time-limited opportunity to make a donation to the University at Buffalo and receive an extraordinary tax benefit through the SUNY Impact Foundation. There is a $10M cap on the SUNY-wide program.

For the sum of the qualified contributions in 2022, a donor will have the following tax benefits:

  • Federal: 15% of the qualified contribution can be a deduction.
  • NY State: 85% of the qualified contribution as a tax credit and 15% of the qualified contribution can be a deduction. A donor gets a benefit of both a deduction and credit on their NYS tax filing.
  • The receipt(s) issued once the donation(s) is received will include a receipt number which must be used with NYS income tax filing.
  • Donors can claim this tax credit on their income tax return, even if using Turbo Tax.

Application Details

Deadline to apply

All applications must be received by 5pm (EST) on September 30, 2022 to be eligible for the program.

All donations must be received by November 30, 2022, to qualify.

If all applications received exceed $10 million, the SUNY Impact Foundation will prorate all requests accordingly. For example, if donors submit a total of $20 million in applications, then every donor’s approved contribution amount will be reduced by 50%.

From October 1, through November 20, if the $10 million cap has not been reached, application requests will be approved on a first-come, first-served basis.

How Does it Work?

  • A donor must have an authorization from the SUNY Impact Foundation to participate.
  • Donations qualifying under the SUNY Impact Foundation NYS Charitable Tax Credit Program will be limited to a minimum of $10,000 and to a maximum of $100,000. per donor/ tax identification number and tax filing.
  • Donors have to have a personal tax liability in New York State to qualify.  
  • Donations through a family foundation are not eligible for this tax credit program.
  • Funds will be transferred to campuses by February 1, 2023.

Ways to invest

  • Cash—check or wire transfer.
  • Combination cash and stock.
  • Stocks: evaluated value on the day of receipt is the actual donation amount regardless of its value the day donor submitted their request to their agent.

Processing Details

  • No in-kind donations are accepted.
  • All donations are subject to a 1% administrative processing fee.
  • Donor can designate their intention for the gift.

More information

Interested in participating or learning more?  Please complete this form and a member of our Advancement team will be in touch.

Questions about the program? Please contact Jason Diffenderfer, Interim Vice President, Division of University Advancement at