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Need More Info?
Please contact our Development Director, Nikki Koster to learn about giving to JAMLAC. She can be reached at 303-586-5991.
Denver Enterprise Zone
What is An Enterprise Zone?
Gifts of $250 or more qualify for Enterprise Zone tax credit. Please read the rules below carefully. In order for JAMLAC to issue a tax credit certificate, you will need to provide the last 4 digits of your Social Security Number.
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 JAMLAC 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 JAMLAC 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.
- Donors make a contribution by check (or online), $250 minimum amount to $400,000 maximum amount.
- Please note: The EZ program requires that donors provide one of the following: Federal Employer Tax Identification Number (FEIN), your Colorado Taxpayer Identification Number or the last four digits of your Social Security Number.
- At the end of the year, JAMLAC will send you a form to include when preparing your taxes.
- Decreases donor's state tax liability through a 25% state tax credit for cash gifts and 12.5% for in-kind contributions such as stocks (there must be a state tax liability).
- Provides the opportunity for donors to help more people in need by decreasing the net cost of their contribution.
- 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%.