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Best Charitable Gifts to Make in 2018

With the introduction of tax reform this year, you may be looking at your finances and wondering how you can continue to be charitable. There are many ways you can make a difference at SUNY New Paltz Foundation while enjoying financial benefits for yourself.

Here are some smart ways to give in 2018:

  • Donate appreciated stock: With the stock market at or near all-time highs, give your appreciated stocks to a nonprofit like SUNY New Paltz Foundation and eliminate capital gains tax.
  • Name us as a beneficiary of retirement plan assets: These assets remain taxable when distributed to a loved one but are tax-free when given to a nonprofit.
  • Give from your IRA (if age 70½ or older): Regardless of whether you itemize your taxes, this gift helps you fulfill your required minimum distribution and is not considered taxable income.
  • Gifts of real estate: Many real estate markets are enjoying gains. Appreciated real estate may be subject to capital gains tax unless donated to charity or transferred to a charitable trust.

Talk With Your Tax Professional

Please consult with your tax or financial advisors to determine the best charitable giving strategies for you.

Download Our Free Guide

We Can Help

We are so grateful for your generosity. Please contact Barbara Caldwell at Caldwelb@newpaltz.edu or 845-257-3940 to discuss how your gift can help further our mission.

eBrochure Request Form

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Bequest Language

Gifts given through wills are known as bequests. Bequests are the most common and simplest way of making a deferred gift. To make a bequest, simply add the following language to your will:

"I, [name], of [city, state ZIP], give, devise and bequeath to SUNY New Paltz Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
The tax id # of the Foundation is: 22-2141645.

Personal Estate Planning Kit Request Form

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