DCF is one of a select few Foundations in Colorado qualified to offer Colorado taxpayers (individuals and organizations) a 50% direct tax credit, applied to all cash or security donations more than $1,000.
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The credit is a direct reduction in the taxes you owe. For example, if you owe $1,000 in income tax to the state of Colorado and donate $1,000 to DCF, you receive a $500 reduction in your state income tax.
Individuals or entities (e.g., corporations, partnerships, family trusts, foundations, etc.) who pay state of Colorado income taxes are eligible to receive the 50% tax credit.
DCF offers the tax credit to donations starting as low as $1,000. State regulations enable annual donations of $100,000 (total annually) to receive the 50% tax credit.
You can claim a Federal income tax deduction of the remaining 50% of your donation when you file tax returns with the IRS.
After your donation is received, DCF sends you a charitable contribution letter (by mail or electronic) and a form specifying the amount of the donation and tax credit (form DR 1317). Complete the form and provide to your tax preparer. Enjoy the 50% tax credit!
DCF members evaluate all applicants
DCF funds only best-in-class charities
DCF grants 89% of net funds
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