The CCCC was designed to promote quality child care in Colorado and the YMCA is designated as an organization that can leverage this amazing donor benefit.
It allows a donor to take a 50% credit of their total gift on their state taxes. So, if your donor gives $500 they
might be eligible for a $250 credit on their Colorado state taxes.
Donors do need to meet some criteria, which are spelled out at https://www.colorado.gov/pacific/sites/
default/files/Income35.pdf
Yes, they can!! According to the Colorado Department of Revenue:
Any taxpayer that makes a qualifying contribution can claim the child care contribution credit. Resident
and nonresident individuals, estates, trusts, and C corporations can all claim the credit for qualifying
contributions they make, either directly or as a partner or a shareholder in a partnership or S corporation
that makes a qualifying contribution.
Sorry, but the donor must designate in writing, either by indicating on their check or marking the appropriate
box on the pledge form, that their gift is designated for the CCCC.
In-kind gifts do not qualify and donors may not receive any goods or services in return for their contribution.
The YMCA will provide a signed letter directly to the donor that states the amount of the cash gift and the
eligible purpose for which the gift was made, along with the DR 1317 tax form. Donors must then submit the
DR 1317 Tax Form to be eligible for the credit.
To qualify, the donated amount must be a minimum of $250.