Enterprise Zone Tax Credit

Dream Centers has one of teh several Enterprise Zone projects designated by the State of Colorado to encourage job creation and reduce homelessness. Colorado residents who make qualifying gifts to Dream Centers are eligible for a generous tax credit of up to 25% to use against their state income tax if giving an outright gift of cash, or 12.5% for gifts of appreciated assests, such as stocks and securities. 

Gifts of at least $250 to Dream Centers qualify. With a gift designated to the Colorado Enterprise Zone, you can nearly double the size of your gift – and the impact of your generosity – without increasing your net cost. 

Example of a $10,000 Donation to Dream Centers

Charitable Deduction, Federal Income Tax $3,500
Charitable Deduction, Colorado State Income Tax $463
Colorado Enterprise Zone Tax Credit $2,500
Total Estimated Tax Savings $6,463
Net Cost of Giving $10,000 $3,537

By using Enterprise Zone tax credit to support the mothers and children in need, you reduce your total out-of-pocket costs significantly. 

“We saw the benefit on both sides by giving to Dream Centers via the Enterprise Zone but mainly we saw the impact our gift will make for not just the current families at Mary’s Home, but the vision to serve more families at one time. We want to help Dream Centers to grow with their impact in the community.”

– Individual Donor of Dream Centers

To make your Enterprise Zone gift to Dream Centers:

 

1. Make a check (in the amoutn of $250 or more) payable to “Enterprise Zone,” and in the memo line write “Dream Centers Extreme Dream” as well as the last four digits of your Social Security number or state tax ID number. You only need to provide the last four digits of your SSN or state ID number to us once. All subsequent EZone donations will only n eed “Dream Centers” in the memo line. 

Mail the check to:

Dream Centers, Attn: EZone

11025 Voyager Pkwy, Colorado Springs, CO 80921

2. You will receive a donation receipt shortly after you make your donation, and an Enterprise Zone administrator will mail your Colorado tax credit certificate for use in filing your income tax return. Please check with your tax advisor to vertify you are receiving the appropriate tax credit allowed. 

If you have any questions feel free to call 719.204.6543 to speak with our Donor Care Specialist.