Enterprise Zone Tax Credit
Colorado taxpayers can earn a state income tax credit worth 25% of your contribution by donating to nonprofit organizations that support targeted Enterprise Zone communities.
By contributing $25 or more to AYA Foundation, you not only support our entrepreneurs who are beginning their journeys toward generational wealth and self-sufficiency, but you also could receive significant tax benefits. AYA purposely set our minimum donation at $25 because we believe tax savings should be available to all donors at all levels of giving.
Donations of stocks and securities to Enterprise Zone projects are eligible for a 12.5% state income tax credit. For more information on transferring stocks or securities, please contact Benny Samuels, CEO, at (720) 853-3445.
How to Qualify for the Enterprise Zone Tax Credit:
To make an eligible donation:
- File taxes in the state of Colorado.
- Contribute $25 or more to AYA Foundation.
- Complete the form on this page with the required last four digits of your Social Security Number or Colorado Account Number (CAN). This is an 8-digit number and is not your EIN.
- If you would rather mail a check than make an online donation, please make it payable to AYA Foundation and mail to 1031 33rd St, Denver, CO 80205. Be sure to include “EZ Contribution” in the memo line along with either the last four digits of your Social Security Number or your Colorado Account Number (CAN). This is an 8-digit number and is not your EIN.
- Contact Benny Samuels, CEO, at (720) 853-3445 if you have any questions.
You will receive an acknowledgment receipt, and the City & County of Denver will send you the DR0075 form. You can then claim the tax credit when filing your state income taxes.
Examples of Enterprise Zone Tax Credit Eligible Donations:
| $25 Donation to AYA Foundation | Tax Savings |
|---|---|
| Colorado Enterprise Zone Tax Credit | $(6.25) |
| Federal Income Tax Deduction | $(4.13)* |
| Colorado Income Tax Deduction | $(0.80) |
| Total Estimated Tax Savings | $11.18 |
| Net Out of Pocket Expense | $13.82 |
| Cost per dollar to Contribute | $0.55 |
| Net Benefit to Our Entrepreneurs | Immeasurable |
| $5,000 Donation to AYA Foundation | Tax Savings |
|---|---|
| Enterprise Zone Tax Credit | $(1,250) |
| Federal Income Tax Deduction | $(1,200)* |
| Colorado Income Tax Deduction | $(159.38) |
| Total Estimated Tax Savings | $(2,609.38) |
| Net Out-of-Pocket Donation Expense | $2,390.62 |
| Cost per dollar to Contribute | $0.48 |
| Net Benefit to Our Entrepreneurs | Immeasurable |
These examples are for illustrative purposes only. Please consult your tax advisor.