Please note: The State of Colorado allocates a set amount of Enterprise Zone tax credits to approved nonprofit organizations each calendar year. On October 27th, Denver Rescue Mission reached our 2020 limit, and credit is no longer available for donations made during the rest of the 2020 calendar year. Due to the generosity of the community in responding to the COVID-19 crisis, the date that we reached our allocated amount this year is much earlier than in previous years. We apologize for any inconvenience.
Qualifying gifts made on or after 1/1/2021 will once again be eligible for the credit. If you have questions, please contact us.
The purpose of the Enterprise Zone Contribution Tax Credit Program is to support businesses and non-profit organizations, such as Denver 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 $250 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.
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The State of Colorado allocates a set amount of Enterprise Zone tax credits to approved nonprofit organizations each calendar year. We have officially reached our 2020 limit, and credit is no longer available for donations made during the rest of December.
Qualifying gifts made on or after 1/1/2021 will once again be eligible for the credit.
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 Denver Rescue Mission of $250 or more.
Monetary donations of $250 or more qualify for EZ tax credit.
(Please note: Due to state regulations, donations made through a Donor Advised Fund do not qualify.)
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:
We keep these numbers secure and private to your account.
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.
A donation of stocks, mutual funds or securities can qualify for EZ tax credit and offers a number of valuable financial benefits:
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!
Your Enterprise Zone Tax Certificate will now be emailed directly to you once it is approved.
If the information listed on your certificate is incorrect or you are missing a certificate, please contact us online or call 303.313.2406.