Make an Enterprise Zone Tax-Deductible Donation
Give a larger gift to Children’s Hospital Colorado at no extra cost to you
Children’s Colorado is one of several Enterprise Zones designated by the State of Colorado to encourage economic growth. Colorado residents who make qualifying Enterprise Zone gifts to Children’s Colorado are eligible for a generous tax credit of up to 25% to use against their state income tax if giving an outright gift of cash, or 12.5% for gifts of appreciated assets, such as stocks and securities.
The Colorado Enterprise Zone tax credit reduces the amount of state income tax you pay, in addition to federal and state charitable deductions you may receive for gifts to charity. You can nearly double the size of your gift – and the impact of your generosity – without increasing the net cost to you.
Qualifying for the Colorado Enterprise Zone tax credit
Outright gifts (unrelated to a Foundation special event) of at least $250 to Children’s Hospital Colorado Foundation specifically designated toward the following areas at Children’s Colorado qualify for the Colorado Enterprise Zone tax credit:
We envision a world where all kids diagnosed with cancer and blood disorders can be healed. The Center for Cancer and Blood Disorders at Children’s Colorado is home to one of the best pediatric hematology/oncology teams in the world, and they are on the brink of groundbreaking new treatments and cures. We believe research is the key to defeating these debilitating diseases. With your support, we can transform care and save the lives of pediatric cancer patients in Colorado and around the globe. Learn more about cancer and blood disorder research >
At Children’s Colorado, groundbreaking research is at the core of our mission. For many children with debilitating diseases, research breakthroughs may be their families’ single greatest hope. Children’s Colorado is pioneering new treatments and cures with the purpose of eradicating childhood disease and transforming pediatric medicine – giving all kids a chance at a healthier future. Donations to this fund may be used for any purpose related to the Research Institute.
Even before the coronavirus pandemic, suicide was a leading cause of death for Colorado youth. That’s why our Pediatric Mental Health Institute has devised an ambitious plan to meet the growing need for high-quality youth mental health services. We have an outstanding team of caregivers on the Anschutz Medical Campus who are dedicated to giving all youth access to the right care at the right time, so that mental health issues don’t escalate to emergencies. From inpatient, outpatient and partial hospitalization programs to art therapy and support services for parents, your donation gives more kids and families access to the resources they need to heal. Learn more about PMHI >
At Children’s Colorado, creative caregivers and partner companies can turn their ideas into life-changing health care innovations and bring them to market – all with comprehensive support from campus collaborators, startup experts and venture specialists. This fund fosters homegrown ideas from our 10,000+ expert team members and support the co-development of pediatric innovations with external companies and startups. With your support, we can develop innovations that push boundaries, shift paradigms, improve lives and bring about transformative changes for children’s health. Donations to this fund may be used to support investment in ideas, projects and startups as approved by the Innovation Steering Council. Learn more about innovation >
Enterprise Zone gift information
For 2021, we define a qualifying gift as an outright gift (unrelated to a special event) of at least $250 to Children’s Hospital Colorado Foundation specifically designated toward our Enterprise Zone program in support of our Cancer and Blood Disorders Research Fund, Child Health Research Fund, Pediatric Mental Health General Fund, or Innovation Fund (with no subdesignations or restrictions).
A $100,000 cash gift* to Children’s Colorado provides an additional $25,000 tax savings when designated as an Enterprise Zone gift.
By taking advantage of the Enterprise Zone tax credit, your total out-of-pocket contribution for a gift of $100,000 to Children’s Colorado in this example would be $33,370 after tax deductions and the Enterprise Zone tax credit.
*Example assumes taxpayer uses federal itemized deductions and a marginal tax rate of 37 percent.
- As an organization, Children’s Colorado can accept up to $3 million annually in qualifying gifts that are eligible for Enterprise Zone credit. Gifts made in excess of the first $3 million annually in qualifying gifts or commitments will not qualify for the Enterprise Zone credit. In the event that the Foundation receives more than $3 million in qualifying gifts in a single year, the available tax credit will be granted to donors in the order in which those gifts were received.
- The amount of credit taken in one year cannot exceed the donor’s state tax liability. However, excess credit may be carried forward for up to five years.
- The maximum credit a donor can claim per tax year is $100,000.
The availability of the Enterprise Zone tax credit is subject to change at any time. There is no guarantee the tax credit will continue to be available in future years.
*The information represented is of a general nature and should not be construed as legal, accounting or tax advice. Every taxpayer’s situation is different. The descriptions and examples provided may not be applicable to every taxpayer’s specific circumstances, which could require the consideration of other tax and non-tax factors. Please consult a tax advisor prior to taking any action based on this information.