Program areas at Suny Impact Foundation
New york state ("nys") tax credit program: the organization is authorized by nys to administer a tax credit program, whereby individual taxpayers making authorized contributions to the organization may be eligible to claim a nys tax credit equal to 85% of the donation amount for the tax year after the donation is made. Funds received under this program are used to support a variety of Suny system-wide initiatives and Suny schools.
Support of Suny scholarships and fellowships: grants and donations to the organization are used to make grants available to Suny research universities, academic medical centers, liberal arts colleges, community colleges and colleges of technology that are part of the Suny system.
Support of Suny system and campus initiatives: grants and donations to the organization from the philanthropic community and corporate partners are used to expand access to academic excellence, service learning and student well-being through grantmaking for Suny's research universities, academic medical centers, liberal arts colleges, community colleges and colleges of technology that comprise the Suny system.
Support of Suny together covid-19 assistance and student emergency fund: the organization established the Suny together assistance program in march 2020 to support Suny in its coronavirus response. As a result, five separate funds were created to assist in carrying out the program: the medical research fund, the personal protection equipment fund, the student technology assistance fund, the student scholarship fund, and the student emergency fund. The establishment of these funds allowed donors to contribute to the initiative of their choice to help support Suny's response to the coronavirus pandemic.
Support of Suny veterans' programs: the organization has formed the u.s. Ambassador trustee carl spielvogel fund, used for academic and technical skills development for u.s. veterans. Monies from this fund are used to support initiatives that Impact returning veterans and military-aligned students pursuing higher education at Suny schools.