Tax Credit

Tax Credit

You can earn a tax credit for your gift to The Gathering Place. Below are the two tax credit programs that apply to donations made to The Gathering Place. For more information about these credits, contact Resource Development Analytics Administrator Liam Flannagan at liam@tgpdenver.org.

Denver Enterprise Zone Tax Credit

TGP operates in a Denver County Enterprise Zone. This tax credit program is designed to encourage investment in disadvantaged areas. Programs which are able to issue this credit focus on improving economic conditions, thereby bettering the larger community.

Contributions made to TGP, at one time or throughout the course of the calendar year, which are greater than or equal to $250 are eligible to receive a state tax credit of 25%. For example, if you are considering donating $200 to TGP, you could actually increase your amount to $250 and receive $62.50 in credit when you file your taxes. That’s $12.50 that TGP receives and you save!

In addition, stock and substantiated in-kind contributions qualify for a 12.5% credit.

In order to receive your tax credit please provide either you Colorado Tax ID (Colorado Account Number, CAN) or the last four digits of your social security number at the time of your donation.

Child Care Contribution Credit

Gifts of $1,000 or more, made in a single installment and designated to our Family Area, are eligible for the Colorado Child Care Contribution Credit. This allows up to 50% of your contribution to be used as a state tax credit. Stock and in-kind contributions are not eligible.

How do I receive a credit?

According to state regulations, the credit must be requested at the time of the donation. If making a donation by check, please specify the credit name in the memo section and include your CAN or the last four digits of your social security number, if applicable. If using a credit card, please attach a note. If calling in your donation, please tell The Gathering Place representative.

Questions about paper filing? Please call (303) 238-7378.

Please consult your tax advisor regarding your specific tax situation.

For more information about these credits, contact Resource Development Analytics Administrator Liam Flannagan at liam@tgpdenver.org.

Many Thanks to the Kind Generosity of our Donors