Increases the cap on the credit for contributions to the SUNY Impact Foundation from ten million dollars to twenty million dollars.

New York A09037 increases the cap on the credit for contributions to the SUNY Impact Foundation from ten million dollars to twenty million dollars. This change aims to allow more donors to participate and provide critical financial support to the SUNY system. The bill also requires SUNY to report annually on the total donations received, a breakdown by institution, the use of such funds, and the impact of these contributions on educational resources, scholarships, and other institutional improvements. The new cap will take effect January 1, 2026.

Increases the cap on the credit for contributions to the SUNY Impact Foundation from ten million dollars to twenty million dollars.

New York A09037 increases the cap on the credit for contributions to the SUNY Impact Foundation from ten million dollars to twenty million dollars. This change aims to allow more donors to participate and provide critical financial support to the SUNY system. The bill also requires SUNY to report annually on the total donations received, a breakdown by institution, the use of such funds, and the impact of these contributions on educational resources, scholarships, and other institutional improvements. The new cap will take effect January 1, 2026.