The purpose of the Enterprise Zone Contribution Tax Credit Program is to support businesses and non-profit organizations, such as Fort Collins Rescue Mission, located in economically distressed areas throughout the State of Colorado. The EZ tax credit allows a dollar-for-dollar reduction in state taxes owed by an amount equal to 25% of cash donations $200 or more. Please note: the State limits the number of credits available to each participating organization each calendar year. Once the limit is met, additional credits will not be issued until the next calendar year.
Please consult with your professional tax adviser to be sure the Enterprise Zone tax credit program will be of benefit to your specific tax situation.
Have questions? Need to make changes?
Make Your EZ Tax Credit Eligible Donation Today!
Any monetary gift of $200 or more qualifies, but tax credit availability is limited. Make your gift today to take advantage of this special tax credit while making a difference in your community.
How EZ Donations Work
The Enterprise Zone tax credit allows a dollar for dollar reduction in state taxes owed by an amount equal to 25% of cash donations to Fort Collins Rescue Mission of $200 or more.
1. Give a Gift of $200 or more.
Monetary donations of $200 or more to Fort Collins Rescue Mission qualify for EZ tax credit.
2. Tell us you want EZ tax credit.
You must indicate your desire for Enterprise Zone tax credit. For example, write “EZ” on the memo line of your check. Or, when donating online, write “EZ” in the donor comments section.
You also must provide one of the following:
- Federal Employer Tax Identification Number (FEIN)
- Your Colorado Taxpayer Identification Number
- Or the last four digits of your Social Security Number.
(We keep these numbers secure and private to your account.)
3. Receive your gift receipt and tax credit certificate.
Once we receive your gift, we will send you a receipt. If we have an email address on file for you, the State will email a copy of your tax certificate upon approval. Within 60 days, you will receive your mailed tax certificate.
You must file your tax return electronically with the Colorado Department of Revenue.
For your convenience, we've gathered several EZ resources here that can help you learn more about the program and how it may apply to your donations.
- IRS proposed changes to charitable contribution deductions.
- Register to see your assigned Colorado Account Number.
- Colorado tax and filing information.
- Colorado Enterprise Zone program information.
- Please Note: Donor Advised Funds no longer qualify for EZ tax credit. Learn more.
- 2018 Enterprise Zone Credit and Carryforward Schedule (DR1366)
Gift-In-Kind Donations and Enterprise Zone Tax Credit
Gift-In-Kind donations of stocks, bonds or mutual funds are eligible for Enterprise Zone tax credit at a rate of 12.5%. Qualified cash gifts may increase the tax value to a full 25%.
In order to receive the full 25% tax credit for Gift-In-Kind donations,the total amount of all qualifying cash gifts made to any Enterprise Zone charity must equal one-seventh of the combined value of all Gift-In-Kind donations made in that calendar year. More details can be found at the Colorado Department of Revenue website.
A donation of stocks, mutual funds or securities can qualify for EZ tax credit and offers a number of valuable financial benefits:
- No capital gain to be recognized
- Full value of stock is tax deductible
- Stocks, bonds and most mutual funds accepted
Gifts that qualify for EZ tax credit may also be eligible for an employer matching gift. Many employers offer matching gift programs up to one full year after you donate or volunteer grants to increase your impact in the community. Find out if your employer offers a matching gift program or volunteer grants today!