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MHUW Tax Credit Program
GROW YOUR GIFT THROUGH TAX CREDITS
When you give to Mile High United Way you can take advantage of tax credit programs that enable you to give more, receive something in return and possibly multiply your gift in the process.
A minimum gift of $500 by check or credit card to an eligible United Way project or agency will enable you to receive either a 25% or 50% tax credit from the state.
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Denver Enterprise Zone
Direct your gift to a Denver Enterprise Zone (DEZ) agency and you will be eligible for a 25% tax credit when you file your state income tax return. For a minimum gift of $500 you would receive a $125 tax credit from the state. Your DEZ gift supports our Adult Self Sufficiency Initiative. This helps homeless and low-income families participate in job training and placement, and provides matched savings to working families to help them purchase a first home, pay for higher education or capitalize a business through Savings Plus Individual Development Accounts. (Donors may give gifts of stock to the DEZ, but the tax credit may vary.)
If giving a gift of stock to the Enterprise Zone, please contact your donor relations representative at 303.433.8383.
Benefits to You
Considerable tax savings.
Both individuals and corporations can take advantage of tax credits.
Excess tax credits may be carried forward for up to five years.
Guidelines
Payroll deduction does not apply.
Tax credit donations must be a minimum of $500.
Donations may be made by check or credit card.
As with all charitable donations, please consult with your accountant or tax specialist.
Tax Savings Example for a Gift of $1,000
(Illustration - 28% tax bracket)
Situations vary. Consult your tax advisor. |
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DEZ
25%
Tax Credit |
CCCC
50%
Tax Credit |
| Gift of $1,000 |
$1,000 |
$1,000 |
| Federal and state Income Tax Deduction* |
$243 |
$173 |
| Total Tax Savings |
$493 |
$673 |
| After tax cost of giving $1,000 |
$507 |
$327 |
You can increase the impact of your gift by designating to one or more of the following child care projects:
MHUW Child Care Fund
Lights On After School
School Readiness Initiative
Gifts to these three projects are eligible for the 50% state tax credit; plus they may also bring down federal matching funds through the Child Care and Development Fund. These extra matching federal funds will then be allocated by the state to Colorado counties, based on population/need, through the Colorado Child Care Assistance Program. This federal match is only available through Mile High United Way.
A gift of $1,000 to one of the above projects, when matched with $1,000 of federal funds, puts $2,000 into our community and state supporting School Readiness and Youth Success projects.
How to Give
To use your contribution to support Tax Credit qualifying agencies;
First, choose either the Child Care Contribution Credit (CCCC)
School Readiness and Youth Success
or
Denver Enterprise Zone (DEZ)
Adult Self Sufficiency
Second, choose a project or agency: MHUW Child Care Fund or one of the projects or agencies listed in the tables to the right.
If you have any questions about how to make your gift through the tax credit program, please contact your donor relations representative at 303-433-8383.
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Colorado Child Care Contribution Credit (CCCC)
Help increase the quality and availability of child care in metro Denver through the Colorado Child Care Contribution Credit (CCCC). You will be eligible for a 50% tax credit when you file your state income tax return. Your minimum gift of $500 may net you a $250 tax credit from the state. CCCC supports the School Readiness Initiative by providing quality, early childhood education and after-school opportunities for metro Denver's children and youth.
Here's an even greater option. Direct your gift to Mile High United Way's Child Care Fund, Lights On After School program or School Readiness Initiative and you will be eligible to receive a 50% tax credit. Your gift may also be matched with Federal Matching Funds through the Child Care and Development Fund which will bring added dollars into Colorado. Your minimum gift of $500 means a $250 tax credit for you and $1,000 worth of quality child care in metro Denver and the state. In kind gifts, such as stock, cannot be used for the CCCC.
| Mile High United Way Projects |
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DEZ
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CCCC
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| Denver's Road Home |
X |
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| Lights on After School |
|
X
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| Mile High United Way Bridging the Gap |
X
|
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| Mile High United Way Child Care Fund |
|
X
|
| Mile High United Way Economic Development Fund |
X
|
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| Mile High United Way Transformational Housing Fund |
X
|
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| Mile High United way 2-1-1 Fund |
X
|
X
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Savings Plus Individual Development Accounts
Denver/Mile High United Way |
X
|
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| School Readiness Initiative |
|
X
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Tax Credit Agencies |
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DEZ
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CCCC
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| Adams County Dist. 14 Child Care Center |
|
X
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| Big Brothers Big Sisters |
|
X
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| Boys and Girls Clubs of Metro Denver, Inc. |
X
|
X
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| Boy Scouts of America, Denver Area Council |
X
|
X
|
| Catholic Charities and Community Services of the Archdiocese of Denver, Inc. |
|
X
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| The Center for Hearing, Speech and Language |
|
X
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| Cerebral Palsy of Colorado |
|
X
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| Colorado Coalition for the Homeless |
X
|
X
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| Colorado I Have A Dream Foundation |
X
|
X
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| Community Outreach Service Center |
X
|
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| Denver Inner City Parish |
X
|
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| Family HomeStead |
X
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| Girl Scouts Mile Hi Council |
|
X
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| Girls Incorporated of Metro Denver |
|
X
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| Hope Center, Inc. |
X
|
X
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| Jewish Family Service of Colorado |
X
|
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| Robert E. Loup Jewish Community Center |
|
X
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| Lutheran Family Services, Foster Care Program |
|
X
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| Mi Casa Resource Center for Women |
X
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| Mile High Montessori Early Learning Centers |
|
X
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| Mount Saint Vincent Home |
|
X
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| Parent Pathways |
|
X
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| SafeHouse Denver, Inc. |
X
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| The Salvation Army |
X
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X
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| Samaritan House Shelter |
X
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| Senior Support Services |
X
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| Urban Peak |
X
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| Volunteers of America |
X
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X
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| Warren Village Learning Center |
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X
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| The Washington Street Community Center |
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X
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| Young Men's Christian Association of Metropolitan Denver (YMCA) |
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X
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| YouthBiz, Inc. |
X
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X
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Volunteer