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How does the Enterprise Zone Tax Credit Benefit You?
The credit reduces the amount of income tax the donor owes to the state. Additionally, you may still receive your federal and state deductions for charitable gifts.

Contributed Funds
The table below illustrates the after-tax costs of a gift based on a 31% federal tax bracket. Please consult your tax advisor on how your gift impacts your situation.

Here is how supporting New Genesis through the Denver Urban Economic Development Corporation (DUEDC) works, using the authorized 25% credit with gifts $500, $1000 and $5000:

 
$500
$1000
$5000
State income tax credit
-125
-250
-1250
State deduction
-25
-50
-250
Federal deduction
-155
-310
-1150
Actual after-tax cost of gift
$195
$390
$1950

You are not required to live within the Enterprise Zone in order to make a contribution and receive the tax credit.

In summary, you can reduce your Colorado income tax by 25% of your cash contribution via this credit. In addition, you receive a contribution deduction on both your federal and state income taxes.

How do I make an Enterprise Zone Donation?
To qualify for the Enterprise Zone tax credit:

1. Designate your donation as an Enterprise Zone contribution

2. Make check payable to New Genesis and mail or deliver to:
New Genesis
Attn: Page Peary, Executive Director
1680 Sherman St.
Denver, CO 80203

3. You may also donate online with credit card through PayPal's secure website:

4. You will receive the certificate of qualified Enterprise Zone contribution in return mail that may be used for your tax credit.

Your gift to New Genesis provides an opportunity to manage your own tax liability and contribute to an organization that is making significant progress in reducing homelessness in Denver.


1680 Sherman St. Denver, CO 80203 P: 303.638.6897 F: 303.831.4337
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