Celebrating with Community

JANUARY 14, 2021
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Celebrating with Community

Virtual Event 2021

Pre-Event Activities: January 11, 12, and 13, 2021

Live Virtual Event: January 14, 2021 (5:30-7:00 PM)

 
*Pre-event experiences during Colorado “I Have A Dream” Week of Celebrating Community:
 
▪ Colorado “I Have A Dream” Foundation Youth and Family Panel: A virtual event exploring Colorado “I Have A Dream” Foundation programming and impact with current youth and families participating in the program
 
▪ Colorado “I Have A Dream” Foundation Alumni Panel: A virtual event featuring Colorado “I Have A Dream” Foundation alumni sharing their experiences and stories of where they are today
 
▪ Colorado “I Have A Dream” Foundation Engagement Panel: An interactive session to connect Colorado “I Have A Dream Foundation” team members, youth, and alumni with supporters, sponsors, and community members
 
 
 

Colorado Child Care Contribution Tax Credit

 
Colorado “I Have A Dream” Foundation is a qualified childcare facility for the State of Colorado, which means your donation of $250 or greater, up to $200,000, qualifies for a 50% Colorado Child Care Contribution Tax Credit.
 
Guidelines:
  • The maximum credit you may take in any one year is $100,000 or your actual Colorado income tax liability for the year, whichever is less.
  • Any unused credit may be carried forward for up to five additional tax years. Only monetary donations are eligible. Stock or other securities and in-kind gifts, such as labor or equipment, are not eligible but may qualify for other tax benefits.
  • Both individuals and corporations can take advantage of the credit.
  • Your donation still qualifies as a charitable deduction on your Federal income tax.
  • Donation must be made as a single gift, paid in full via check, cash, credit card, direct bill, or electronic funds transfer.
  • In the case of donations associated with events, only the deductible portion of your payment, reduced by the value of goods and services received, is eligible.

The table below illustrates how a large part of your donation comes back to you in various tax credits and deductions. (This information should not be construed as tax advice, and as always, you should consult your tax advisers for the most accurate information.)

Colorado “I Have A Dream” Foundation will provide a signed letter that states the amount of the cash gift along with the DR1317 tax form certifying the child care contribution.

 

 

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