About Enterprise Zone Tax Credit

Support families and individuals experiencing homelessness, and receive a 25% State Tax Credit



What is an Enterprise Zone?

Enterprise Zones exist to encourage private involvement in economically distressed areas. Catholic Charities Archdiocese of Denver operates three homeless shelters, each designated as Enterprise Zone organizations:

Designated Zone

Shelter Name

Minimum Contribution

Denver County

The Samaritan House Homeless Shelter

$250

Larimer County

The Mission

$100

Weld County

The Guadalupe Community Shelter

$100

Real Cost of Giving - The table below illustrates how a large part of your donation comes back to you in various tax credits and deductions, to significantly reduce the after-tax cost of your donation.

Contribution

$250

$500

$1,000

$10,000

Enterprise Zone Credit

($63)

($125)

($250)

($2,500)

Federal Tax Savings

($58)

($116)

($232)

($2,322)

Colorado Tax Savings

($12)

($23)

($46)

($463)

Returned to you at tax time

$132

$264

$529

$5,285

After tax cost of giving

$118

$236

$471

$4,715

Figures in the table are based on a 33% tax bracket.  This information should not be construed as tax advice.  Please consult your tax advisor as situations may vary.

Cash contributions made via the Enterprise Zone Tax Credit and designated to any of three homeless shelters listed above are eligible for a 25% tax credit on state income tax.

In addition, stock and substantiated in-kind contributions also qualify for a tax credit. If such stock gifts are accompanied by a cash gift of at least 1/7th of the stock value, then the entire 25% tax credit is available.  If 1/7th of the stock value is not contributed in cash, the tax credit is 12.5%.  Please consult your personal tax accountant for further details.

For more information on taxes, visit the Colorado Department of Revenue website and review their "FYI Income 31" publication. Please consult your accountant or tax specialist regarding your unique tax situation.

  • Your donation still qualifies as a charitable deduction on your Federal income tax
  • Donation must be made as a single gift, paid in full via check, cash, credit card, direct bill or electronic funds transfer
  • You can take advantage of the tax credits regardless of whether you itemize or not
  • Both individuals and corporate donors can benefit from this tax credit program
  • Substantiated in-kind donations are eligible for this credit
  • You are required to file your tax return electronically
  • Donor must provide Catholic Charities Archdiocese of Denver with their Colorado Taxpayer Identification Number (which can be either your Social Security Number, or Colorado Account Number, or, for businesses, the FEIN number

IMPORTANT NOTE: The Colorado Taxpayer Identification Number is required in order to process this tax credit. Without the Taxpayer Identification Number, we are unable to send your donation to the Enterprise Zone Administrator for certification and thus unable to process your donation as an Enterprise Zone contribution.

As a participating agency, the state government requires Catholic Charities to submit all donations to this tax credit to the Enterprise Zone Administrator for approval. The Enterprise Zone Administrator collectively processes donations on a semi-annual basis. Once the Enterprise Zone Administrator has approved your donation for tax deduction, Catholic Charities will mail your Tax Credit Certificate to your mailing address on file.

For more information about a Colorado Account Number, please visit www.colorado.gov/revenueonline.
  

How do I donate to Catholic Charities and receive the Enterprise Zone Tax Credit?

You can donate to Catholic Charities via the Enterprise Zone Tax Credit either online, via U.S. Mail or over the phone. Please see detailed instructions below.

Donating Online:

  1. Visit www.ccdenver.org/donateeztc
  2. Complete the online donation process
  3. Designate your preferred shelter/region

Donating by Mail:

Please mail all donations to:

Office of Charitable Giving
Catholic Charities, Archdiocese of Denver
4045 Pecos Street
Denver, CO 80211

Make checks payable to "Catholic Charities Archdiocese of Denver." In the memo of the check, write "Enterprise Zone" and designate your preferred shelter/region (e.g., Samaritan House/Denver, The Mission/Larimer, or The Guadalupe Community Center/Weld).

To mail a credit card payment, consider downloading and completing our printable donation form.

All credit card payments sent via U.S. Mail must include:

  • Cardholder's full name as it appears on the card
  • Credit card number
  • Credit card's expiration date
  • Cardholder's signature
  • Please also indicate your preferred shelter/region (e.g., Samaritan House (Denver), The Mission (Larimer), or The Guadalupe Community Center (Weld)

Donating By Phone:

Call us at 303-742-0828 during normal business hours, Monday through Friday, 8:00 a.m. – 5:00 p.m.

According to state regulations, the tax credit must be requested at the time of the donation, so please clearly indicate your desire to donate to the "Enterprise Zone Tax Credit" during the phone call.