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:
Donations will help combat the coronavirus (COVID-19) crisis and can be used to support a variety of needs related to the pandemic, including drive-through testing, clinical lab staffing, emergency triage and community response, telehealth, the provision of food and basic needs, and the purchase of personal protective equipment. Learn more >
Research is the key to defeating pediatric cancer. The Center for Cancer and Blood Disorders at Children’s Colorado is an international destination for world-class multidisciplinary care that is propelled by cutting-edge research. With hundreds of clinical trials underway, Children’s Colorado is pursuing major discoveries that have the potential to transform the future for children with cancer here and around the globe. Learn more >
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.
Children’s Colorado is expanding and renovating our Pediatric Mental Health Institute to respond to the increased needs of patients and families seeking mental health support. This fund will add pull-out beds to patient rooms so parents can spend the night and be involved in their children’s treatment; increase capacity in our Partial Hospitalization Programs so kids can get treatment during the day and return home at night; and add inpatient rooms to provide care right away to kids in mental health emergencies. Learn more >
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. Learn more >
Enterprise Zone gift information
For 2020, 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 COVID-19 Emergency Relief Funds, Cancer Research Fund, Child Health Research Fund, Pediatric Mental Health Capital Expansion 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.