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Pikes Peak Enterprise Zone is back!
We are excited to be a participant in the Pikes Peak Enterprise Zone, where your donation to Family Promise of Colorado Springs gives you a bigger tax credit for the state of Colorado! When you make a certified contribution, you can claim:
25% of a cash donation as a state income tax credit
12.5% of an in-kind donation as a state income tax credit
The amount of this tax credit is capped at $100,000 per taxpayer per tax year. If you cannot use all of your credits in a given tax year, you can carry forward the balance up to five years.
Follow these steps to contribute to and claim this tax credit.
When you donate to an approved enterprise zone contribution project, give the project organization your Colorado Account Number or the last four digits of your Social Security Number.
The project organization will submit your contribution to the local enterprise zone administrator for review to ensure that the contribution will be applied to the specific contribution project activities and objectives.
The contributor will receive a tax credit certificate documenting their contribution.
To claim the tax credit, the taxpayer needs to submit the tax credit certificate and form DR 1366 when they e-file their Colorado tax return.
Purchase Oil Changes
We have partnered with Adam and Son Auto Plaza to offer you an awesome pack of oil changes with great services and the proceeds go to Family Promise of Colorado Springs. More details can be found here. Click HERE to purchase now!
Family Promise has need of many professional services from graphic design and printing to real estate and financial services. If you or your company can provide any service, from building repair and maintenance to legal services there is a way for you to help change a family's life today!
Donate Your Car
Do you have a working car that you no longer use? If you itemize your deductions, the IRS will allow you to take a deduction for up to the fair market value of the vehicle you donate! Our staff can handle the title transfer for you and supply you with a dated receipt for your vehicle and tax records. By donating your vehicle to Family Promise you are saved from all the trouble and work of selling your car. It also helps Network families who so often have had to pawn their cars in an attempt to stay out of homelessness. It is a part of the program to empower people to live independently, with dignity.
Other Contribution Ideas
A gift of Appreciated Securities, Stocks, or Property can greatly affect our service will providing a full income tax deduction and capitol gains savings.
Give a Gift on behalf of a family member, friend or loved one and we'll send an appropriate acknowledgement to the person you designate. We'll thank them and mention that your gift to Family Promise was made in their honor as your way of celebrating a special day.
Matching contribution from your employer. Many employers provide a matching grant to non-profit organizations to which their employees make cash contributions. Our staff will be happy to assist in completing necessary paperwork.
Remember Family Promise COS in your Will, Trust or Insurance policy. A bequest can provide the resources to serve homeless families with children for years to come.