Denver Enterprise Zone Tax Credit

  • Gifts of $250 or more qualify for the DEZ tax credit.
  • To receive a form for tax filing purposes, please contact Ryan Eaton, Manager of Individual Giving, at reaton@metrocaring.org or 720-501-2387

About Enterprise Zone

In 1986, the Colorado legislature created enterprise zones as a way to assist businesses and non-profit organizations located in economically depressed areas throughout the state. This legislation makes it possible for the Denver Rescue Mission to offer its donors a 25% Colorado state income tax credit on cash contributions of $250 or more. Over the years, this program has proven to be of great value both to the Mission and its supporters.

Here is How it Works

There may be a substantial tax benefit for donations made to Metro Caring through the Enterprise Zone. The estimated after-tax benefit for a gift of $1,000 is approximately $528.52 (using a 33% Federal Tax Rate). In this way a gift of $1,000 costs only $471.48 after taxes. Specific net after-tax benefit for the same gift will differ based on individual tax situations.

Increase the Tax Credit for In-Kind Contributions

Gift-In-Kind contributions of stocks or bonds are eligible for a tax credit of 12.5%. Qualified cash gifts made during the calendar year equal to 1/7th the combined amount of all qualifying in-kind donations will increase the tax credit value to the full 25%. To receive the full 25% tax credit for in-kind donations, the total amount of all qualifying cash gifts made to any Enterprise Zone charity must equal 1/7th of the combined value of all qualifying in-kind donations made to any EZ charity in that calendar year. A detailed explanation of these conditions can also be found on the Colorado Department of Revenue website at www.colorado.gov/revenue/tax