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DONATIONS

Your gift to Family Promise of Colorado Springs ensures children and families in crisis have hope for the future and the promise of home.

Click the button below to donate securely to Family Promise of Colorado Springs. 

Tax Advantaged Giving Options

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Homeless Contribution Tax Credit

Great News! Your gift of $100 or more can earn you a 25% Colorado state tax credit! This can increase your ability to give generously by decreasing the true after-tax cost of your gift! It’s easy to do! Note “HCTC” in the memo of your check or in the comments of your online credit card gift at www.familypromisecos.org/donate Provide your full SSN*, ITIN or FEIN securely online for credit card donations (in the comment field) or via phone for mailed checks** Receive a Tax Credit Certificate that gives you a dollar-for-dollar reduction on the state taxes you owe...in addition to the federal and state tax deductions! $100 = $25 credit, $1,000 = $250 credit, etc. Give now by clicking below or send a check to PO Box 682, Colorado Springs, CO 80901. Call 719-329-1244 x107 if you have questions or would like more info. *Colorado statute (C.R.S. 39-22-548) requires the taxpayer’s full SSN and other personal identifying info to be included on the tax credit certificate. A CO Tax ID is not an acceptable replacement for the SSN on the certificate. **FPCOS uses USAePay for secure online transactions and encrypted software for all retained donor info.

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IRA Qualified Charitable Distributions

QCD allows individuals 70 ½ and older to donate up to $105,000 to one or more charities directly from a taxable IRA. Qualified charitable distributions are made directly to the eligible charity from a traditional IRA, inherited IRA, inactive Simplified Employee Pension (SEP) plan and inactive Savings Incentive Match Plan for Employees (SIMPLE) IRAs. (Inactive SEP and SIMPLE IRAs are accounts that no longer receive employer contributions.) The money is a direct transfer to the charity that never passes through the hands of the IRA holder. Instead, the IRA custodian can either send an electronic transfer of funds or a check directly to the charity. For a QCD to count toward your minimum annual IRA distribution, it must be made by the same deadline as a normal distribution, which is usually Dec. 31 of the tax year in question. A QCD can provide several potential benefits. It may be a suitable giving strategy for donors who: •Are required to take a minimum distribution from an IRA, but don’t need the funds and would face increased tax liabilities if they took the distribution as income. •Would like to reduce the balance in an IRA to lower future required minimum distributions. •Would like to make a larger charitable gift than they could if they simply donated cash or other assets. The value of charitable gifts that can be deducted from a tax return usually ranges from 20 to 60 percent of the donor’s adjusted gross income. This AGI-based limit does not apply to QCDs, allowing donors to make larger gifts. •Do not wish to make their contribution to a foundation or donor-advised fund. •Have identified which charities they want to support immediately with a substantial gift. https://www.fidelitycharitable.org/guidance/philanthropy/qualified-charitable-distribution.html#:~:text=Use%20QCDs%20to%20manage%20your,taking%20their%20required%20minimum%20distributions.

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Donor Advised Funds

Donor Advised Funds allow donors to easily give through a personal fund held by a public charity.

Additional Donation Opportunities

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