Smart Giver’s Guide: Maximizing Your Impact on Black Entrepreneurship

Dear AYA Community,

As we approach 8/28 – Black Philanthropy Day – we’re unveiling a smart giving strategy that honors both Black Business and Black Philanthropy Month. This opportunity lets you make a powerful impact while being financially savvy.

The key to this smart giving strategy? The Colorado Enterprise Zone Tax Credit!

This powerful financial tool allows you to amplify your impact while optimizing your tax benefits. Here’s why it’s so strategic:

  1. It provides a direct 25% tax credit on your donation
  2. Certain contributions may qualify for both the enterprise zone contribution credit and the federal charitable contribution deduction.
  3. It makes larger donations more accessible by reducing your out-of-pocket costs
  4. AYA has made it available for donations as low as $25, making impactful giving accessible to all

Here’s how the Smart Giving Breaks Down:

For an $828 one-time gift:

  • You could receive a $207 Enterprise Zone Tax Credit
  • Potential Federal Income Tax Deduction of $198.72*
  • Your Estimated Tax Savings: $405.72
  • Your net out-of-pocket expense could be as low as $422.28

For an $82/month gift:

  • You could receive a $246 Enterprise Zone Tax Credit
  • Potential Federal Income Tax Deduction of $236.16*
  • Your Estimated Tax Savings: $482.16
  • Your net out-of-pocket expense could be as low as $501.84

*Assumes the donor uses federal itemized deductions and has a marginal tax rate of 32%.

Of course, these are just examples for illustration. Your actual tax benefits may vary, so always consult with a qualified tax advisor to understand how this applies to your specific situation. (Looking for someone? Check out AYA entrepreneur, Jazmyne Hunter with JHunterMBA!)

This isn’t just giving—it’s strategic philanthropy.

The impact of your smart support is already evident at AYA:

  • 41 visionaries guided through Nav2Connect
  • 66 dreamers launched via Jumpstart My Biz
  • 9 pioneers in our groundbreaking Credit Repair program
  • 25 future leaders receiving crucial bookkeeping support
  • 80 entrepreneurs connected to resources
  • 16 innovators scaling their businesses through our grants

Ready to give smarter? Make your impact today

Together, we’re building a legacy of Black economic empowerment.

Strategically yours,

Benny Samuels

CEO

For a deep dive on the Enterprise Zone Tax Credit, check this out.

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