Gifts made with an IRA or a Wire transfer from a personal account may be eligible for additional Colorado State tax credits (i.e., enterprise zone, childcare or homeless). Please consult your tax advisor about how state tax credits may impact your charitable tax deduction.
Donations made with a donor advised fund (DAF) are not eligible for Colorado State tax credits.
Grants from nonprofits (e.g., private foundations, community foundations, etc.) are not eligible for Colorado State tax credits.
The nonprofit will decide the eligibility of your donation for state tax purposes and will provide the necessary state tax documents. For questions about Colorado tax credits, please reach out to the organization directly. Additionally, contact your tax advisor to understand how state tax credits may impact your charitable tax deduction.