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Enterprise Zone

What is An Enterprise Zone?

Gifts of $1,000 or more qualify for Enterprise Zone tax credit. Please read the rules below carefully, then navigate to the donation page.

Because of legislative changes to the Colorado Enterprise Zone (EZ) tax program which became effective this year, the Mission must have your Social Security Number or Colorado Taxpayer Account Number in order to ensure your contribution receives EZ tax credit. If the Mission does not have a record of one of these numbers for your accont when your contribution is submitted to the EZ program administrator for processing, it will result in the tax credit being denied. As the end of the year is rapidly approaching and the likelihood of the Mission reaching its 2014 EZ Cap increases, we urge you to contact a development officer at 303-297-1815 to confirm the Mission has this essential information. 

CLICK HERE TO READ AN
IMPORTANT LETTER REGARDING THE
2014 ENTERPRISE ZONE GIVING PROGRAM

In 1986, the Colorado legislature created enterprise zones as a way to assist businesses and non-profit organizations located in economically depressed areas throughout the state. This legislation makes it possible for the Denver Rescue Mission to offer its donors a 25% Colorado state income tax credit on cash contributions of $1,000 or more. Over the years, this program has proven to be of great value both to the Mission and its supporters.

Here is How it Works

There may be a substantial tax benefit for donations made to the Denver Rescue Mission through the Enterprise Zone. The net after-tax benefit for a gift of $1,000 is $630. In this way a gift of $1,000 costs only $370 after taxes (see example on right). Specific net after-tax benefit for the same gift will differ based on individual tax situations.

The Process:

  • Donors make a contribution by check (or online), $1,000 minimum amount to $400,000 maximum amount.
  • Donors must indicate Enterprise Zone on the memo line of the check OR make their donation on our Enterprise Zone donation page.
  • Donors send check to the Denver Rescue Mission at P.O. Box 17963, Denver, CO 80217.
  • The EZ program requires that donors provide social security number or Colorado Taxpayer Account Number.
  • Within 60 days, the Denver Rescue Mission sends the donor the appropriate paperwork for tax purposes.

For more information on the Enterprise Zone, please contact a development officer at 303.297.1815.

Program Benefits

  • Decreases donor's state tax liability through a 25% state tax credit for cash gifts and 12.5% for in-kind contributions such as stocks (there must be a state tax liability).
  • Provides the opportunity for donors to help more people in need by decreasing the net cost of their contribution.

Enterprise Zone Example

The impact on income tax costs given the scenario of a contributor in the 33 percent federal tax bracket who gives a gift of $1,000:

Donation  $1,000
Tax benefits of donation
  Charitable Donation Deductions
  • Colorado
5% ($50)
  • Federal
33% ($330)
Combined Charitable Donation Deductions ($380)
Colorado State Enterprise Zone Tax Credit ($250)
Total Tax Benefits of Donation   ($630)
Cost of Donation After Combined Tax Benefits
$370 

The above example is for illustrative purposes only. Please consult your tax advisor to relate this to your particular circumstances.

Increase the Tax Credit for In-Kind Contributions

Gift-In-Kind contributions of stocks or bonds are eligible for a tax credit of 12.5%. Qualified cash gifts made during the calendar year equal to 1/7th the combined amount of all qualifying in-kind donations will increase the tax credit value to the full 25%. To receive the full 25% tax credit for in-kind donations, the total amount of all qualifying cash gifts made to any Enterprise Zone charity must equal 1/7th of the combined value of all qualifying in-kind donations made to any EZ charity in that calendar year. A detailed explanation of these conditions can also be found on the Colorado Department of Revenue website at www.colorado.gov/revenue/tax

Enterprise Zone

Please note that the Mission has reached the 2014 Enterprise Zone Cap, established by the Colorado Dept. of Revenue, and Enterprise Zone tax credits are no longer available for this year. Enterprise Zone tax credits will be available again beginning January 1, 2015.

Community Table

Join Denver Rescue Mission's Community Table program! Your monthly gifts increase our efficiency, giving us the ability to plan and to implement long-term solutions to helping our neighbors. 

To learn more or sign up to give monthly, please click here.

Donate by Mail

To donate by mail, print this form, fill it out and mail it with your gift. Please make your check payable to the Denver Rescue Mission and mail your gift to:

P.O. Box 5206
Denver, CO 80217

Donate by Phone

To donate with your credit card by telephone or for any other questions, please call 303.297.1815

Donate by Mail

To donate by mail, print this form, fill it out and mail it with your gift. Please make your check payable to the Denver Rescue Mission and mail your gift to:

P.O. Box 5206
Denver, CO 80217

Denver Rescue Mission

3501 E. 46th Avenue
Denver, CO 80216
Telephone: 303.297.1815
Fax: 303.295.1566
e-Mail: info@denrescue.org