Enterprise Zone Tax Credits

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Support families and individuals experiencing homelessness and receive a state tax credit

The state of Colorado allows you to take a 25% tax credit on your state income taxes when you donate to any one of these four Catholic Charities' homeless shelters through the Enterprise Zone:

  • The Samaritan House (Denver, CO)
  • Samaritan House Women's Shelter (Denver, CO)
  • The Mission (Ft. Collins, CO)
  • The Guadalupe Community Center (Greeley, CO)

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

$500

$1,000

$10,000

Enterprise Zone Tax Credit

($125)

($250)

($2,500)

Federal Income Tax Savings

($113)

($225)

($2,252)

Colorado Income Tax Savings

($23)

($46)

($463)

Returned to you at tax time

$261

$521

$5,215

After tax cost of giving

$239

$479

$4,785

Figures in the table are based on a 32% Federal tax bracket and take into account the Federal loss of state income tax deductions as a result of credits and deductions on the state income tax return.

What is an Enterprise Zone?

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

Designated Zone

Shelter Name

Minimum Contribution

Denver County The Samaritan House Homeless Shelter

$250

Denver County Samaritan House Women's Shelter

$250

Larimer County The Mission

$100

Weld County The Guadalupe Community Shelter

$100

Cash contributions made via the Enterprise Zone and designated to any one of the four homeless shelters listed above are eligible.

Qualifying Donations and Regulations

  • Taxpayers over the age of 70½ who are required to make minimum distributions from their Individual Retirement Accounts (IRAs) can make a qualifying contribution directly from their IRAs. Please note that other retirement plans — such as 401(k) plans — cannot qualify. Owners of these plans will need to transfer funds from the 401(k) plans to an IRA before making the charitable distributions.
  • 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 1/7 of the stock value, then the entire 25% tax credit is available.  If 1/7 of the stock value is not contributed in cash, the tax credit is 12.5%.  Please consult your personal tax advisor for further details.
  • Your donation still qualifies as a charitable deduction on your Federal income tax
  • 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.
  • 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 the last four digits of 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, they will email your tax credit certificate to you.

For more information on taxes, visit the Colorado Department of Revenue website and review their “FYI Income 23” publication. Please consult with your accountant or tax specialist regarding your unique tax situation.  If you need 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.

 

 

Donate By Mail

 

Please mail all donations to:

Catholic Charities
6240 Smith Road
Denver, CO 80216

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, Samaritan House Women's Shelter/Denver), The Mission/Larimer, or The Guadalupe Community Center/Weld. Please include your Colorado Taxpayer Identification Number as well.

Donate By Phone

Call us during business hours to make a secure donation or click to call 720-799-9311to donate now with your credit card.

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.

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Catholic Charities Denver
6240 Smith Road
Denver, CO 80216
303-742-0828

Larimer County Services
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Weld County Services
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Catholic Charities Denver
6240 Smith Road
Denver, CO 80216
303-742-0828

Larimer County Services
Summit County Services
Weld County Services
Western Slope Services

MAKE A DONATION

MAKE A DONATION

Mail Donations to:
6240 Smith Road
Denver, CO 80216
303-742-0828

Donation support :
donorrelations@ccdenver.org
720-799-9311

EIN: 84-0686679

Mail Donations to:
6240 Smith Road
Denver, CO 80216
303-742-0828

Donation support :
donorrelations@ccdenver.org
720-799-9311

EIN: 84-0686679

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