SUNY New Paltz Foundation

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Types of Gifts

Alumni and friends of SUNY New Paltz who wish to make a contribution are encouraged to consider the following giving options:

Cash

Cash is often the most convenient form of giving and includes gifts made by check and credit card. Cash gifts are fully deductible for federal income tax purposes, provided deductions are itemized.

Donors may make a gift online via credit card, or by mailing a payment to:

The Office of Development
SUNY New Paltz
One Hawk Drive
New Paltz, NY 12561

If sending a check, please make payable to the SUNY New Paltz Foundation.

Endowments

An endowment is a permanent gift which earns interest and a portion of the interest earned is distributed as the donor intends but the original gift is never spent. Once established, an endowed fund is a dependable and perpetual source of support. A minimum gift of $25,000 is needed to establish an endowment. For more information, visit the endowments web area.

Gifts in Kind

You can donate book collections, artwork, equipment, or other valuable personal property to the College. Known as "gifts in kind," these non-monetary donations constitute another important avenue of support. The College is happy to work with you in developing your in-kind gift. For further information, please call 845-257-3238 or send an email to gifts@newpaltz.edu.

Gifts in Memoriam/Gifts in Honor of

Honoring a family member, friend, colleague, classmate, or faculty member with a gift is a touching way to pay tribute to that loved one. Please call 845-257-3240, go to the "Make a Gift" webpage, or send an e-mail to foundation@newpaltz.edu to make arrangements for setting up a fund or contributing to an area or program of interest to the person being remembered or honored.

Matching Gifts

You can increase your gift to by making use of your company's matching gift program. If your company has a matching gift program, request a matching gift form from your employer, and send it completed and signed with your gift. We will do the rest. The impact of your gift to our school may be doubled or possibly tripled! Some companies match gifts made by retirees and/or spouses.

Note: Matching gifts from employers are not eligible to be included in pledge payments. Gift pledges to the may be fulfilled only through payments from the donors of the gifts.

Parents Fund

Why do we have a Parents Fund? We at SUNY New Paltz know parents want the absolute best education for their children during their time here. Parents also know there is much more to education than just classrooms and textbooks. Each year, the kindness and generosity of hundreds of dedicated parents provide support for programs and services sustained by the Parents Fund, including:

  • Need-based scholarships
  • Undergraduate research programs
  • Career and job counseling services
  • Alcohol and drug education
  • Student organizations and events
  • Campus safety services

Your participation at any level means everything to the students and faculty here today. To make your tax-deductible gift online, please click here. For more information on the New Paltz Parents Fund, contact the annual giving office at 845-257-3239.

Planned Gifts

In certain instances, it may be preferable from an estate, financial, and tax planning perspective to consider long-term gift planning as the best way to make a gift. This can be accomplished through various gift instruments, such as charitable remainder trusts, gift annuities, charitable lead trusts, and bequests.

Pledges

Pledges enable a donor to plan a personal giving program that is both convenient and advantageous from a tax perspective. A pledge may enable a donor to consider a more significant gift than would have otherwise been possible. Terms for payment on pledges are flexible and at the option of the donor. Pledges can be satisfied over a five-year period. Donors with current pledges can fulfill their commitment online.

Restricted Gifts

Donors to a nonprofit organization may designate or "restrict" the use of their donations to a particular purpose or project. An example is a gift to a particular scholarship fund at a university.

Securities

Securities may be made as outright gifts or as a payment on a pledge. Stock certificates may be reassigned directly to The SUNY New Paltz Foundation or may be transferred through the donor's broker. The mean market value on the date of the transfer will determine the value of the gift for tax purposes. It is best to consult with a Development Officer before a transaction is made. For general questions on securities, call 845-257-3240 or send an e-mail to foundation@newpaltz.edu.

Gifts of appreciated securities may be tax deductible, up to 30 percent of your adjusted gross income. The deduction is based on the full fair market value, and capital gains tax is not due when the stock is transferred to the university.

Unrestricted Gifts

When you give an unrestricted gift to the SUNY New Paltz, you give the university the flexibility to take on new opportunities, strengthen ongoing programs, or meet unexpected financial needs.

Making an unrestricted gift allows SUNY New Paltz to apply your funds wherever they will have the most impact. For example, your unrestricted gift might support:

  • Student projects
  • Student scholarships
  • Graduate student fellowships
  • Faculty research and course development
  • Student organizations and publications
  • Student and faculty participation in scholarly conferences
  • Equipment and software purchases
  • Library acquisitions

 

 

You may give an unrestricted gift to the university or to a specific school or department.

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