Receive a tax benefit under the CARES Act

The federal Coronavirus Aid, Relief and Economic Security (CARES) Act expanded tax deductions for charitable giving. For taxpayers who take the standard deduction, the CARES Act created an above-the-line deduction of up to $300 for cash donations made in 2020. For taxpayers who itemize, the deduction limit for charitable donations was increased. Consult a tax advisor for additional information on how you can support Children’s Hospital Colorado under these expanded charitable giving rules.

Make an Enterprise Zone tax-deductible donation

Colorado residents who make qualifying gifts to Children’s Colorado are eligible for a generous tax credit of up to 25% to use against their state income tax. The Enterprise Zone tax credit can nearly double the size of your gift – and the impact of your generosity – without increasing the net cost to you.

Give through your Donor-Advised Fund (DAF)

A donor-advised fund, or DAF, is a personal charitable vehicle that donors can establish at a public charity such as a community foundation or financial institution. A DAF allows donors to make a charitable contribution, receive an immediate income tax deduction, and recommend grants from the fund over time to qualified nonprofits, such as Children’s Hospital Colorado Foundation.