How To Give: Tax Credits
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, in addition to the tax deduction you may receive for charitable gifts.

Benefits to You Guidelines
  		• Considerable tax savings.
  		• Payroll deduction does not apply.
  		• Both individuals and corporations can take advantage of tax credits.
  		• Tax credit donations must be a minimum of $500.
  		• Excess tax credits may be carried forward for up to five years.
  		• Donations may be made by check or credit card. All donations should include a pledge form showing DEZ or CCCC agency/program selection.
  		• Donations and pledge forms may be given to your company campaign chair or mailed to:  Mile High United Way, 2505 18th Street, Denver, CO 80211-3939    

    As with all charitable donations, please consult with your accountant or tax specialist.
    Double Your Gift With a Federal Match

    Gifts to three eligible projects (see list below) 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.

    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
  		• MHUW School Readiness Initiative
    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

    Mile High United Way Initiatives and Projects
      DEZ  CCCC   DEZ  CCCC
    Denver's Road Home blue bullet   Mile High United Way Economic Development Fund blue bullet  
    Lights On After School   blue bullet Mile High United Way Transformational Housing blue bullet  
    Mile High United Way 2-1-1 Fund blue bullet blue bullet Savings Plus Individual Development Accounts Denver / Mile High United Way blue bullet  
    Mile High United Way Bridging the Gap blue bullet   Mile High United Way School Readiness Initiative   blue bullet
    Mile High United Way Child Care Fund    blue bullet      
    Mile High United Way Impact Investment Agencies with Tax Credit Advantage 
                 Click here for list

    Denver Enterprise Zone (DEZ)

    Direct your gift to a Denver Enterprise Zone (DEZ) project or agency, and you will be eligible for a 25% tax credit when you file your state income tax return. For example, for a minimum gift of $500, you would receive a $125 tax credit from the state.

    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. 
      
    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 Colorado 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. (In-kind gifts, such as stock, cannot be used for the Colorado Child Care Contribution Credit.)

    Gifts directed to Mile High United Way's Child Care Fund, Lights On After School program or School Readiness Initiative will be eligible to receive a 50% tax credit, AND your gift may also be matched with federal matching funds which will bring added dollars into Colorado. Your minimum gift of $500 means a $250 tax credit for you and may bring $1,000 worth of quality child care in metro Denver and the state. 
    Tax Savings Example for a Gift of $1,000
    (Illustration - 28% tax bracket) 
    Situations vary. Consult your tax advisor.
      DEZ
    25%
    Tax Credit    		 CCCC
    50%
    Tax Credit
    Gift of $1,000 $1,000 $1,000
    Colo Income Tax Credit $250 $500
    Federal and state Income Tax Deduction* $243 $173
    Total Tax Savings $493  $673
    After tax cost of giving $1,000  $507  $327
    		Potential Changes to Colorado State - Child Care Contribution Tax Credit Provisions

    You may claim the Child Care Contribution Credit (CCCC) for 2010 if your tax-credit-eligible donation is paid before December 31, 2010, which you can pay by either check or credit card. However, due to a provision in Colorado state law, the credit may be deferred starting January 1, 2011. If your credit exceeds your Colorado state income tax liability in 2010, even if the credit is not available in 2011 or beyond, you can still roll over excess credits in subsequent years.

    Gifts made in 2011 may also be eligible for the credit if the State General Fund Appropriations grow by six percent over the previous year. This information will be available December 2010.

    You may still make a CCCC donation after December 31, 2010, but if the tax credit is deferred, you will not be able to claim the credit until the next tax year for which a revenue surplus is anticipated and the tax credits go back into effect. Any excess credits contributed may be carried forward for up to five years.

    As with all charitable donations, please consult with your accountant or tax specialist. For more information from the Colorado Department of Revenue about the Colorado Child Care Contribution Credit.