Diana Gabriela Loera
Adriana Cabrera Topete
Ali Cottle
Kid's College
Help kids in your community and save on your taxes
CMC Colorado Child Care Contribution Credit Qualifying Programs
| Tax savings example for a $1,000 qualified gift* | Tax Credit |
|---|---|
| Colorado Child Care Contribution Credit (50%) | $500 |
| Federal charitable deduction (28%) | $280 |
| Colorado charitable deduction (4.63%) | $46 |
| Related federal tax effect (revenue adjustment) | - $153 |
| TOTAL TAX SAVINGS | $673 |
Half of your donation will be offset by a dollar-for-dollar credit against your Colorado income taxes. You will still be able to claim your full contribution as a charitable deduction on your federal and state income tax returns if you itemize deductions.
* For illustrative purposes only. Please consult your tax advisor for information about your specific situation.
After tax cost a $1,000 qualified gift*
$327
CMC QUALIFYING PROGRAMS
When you make a donation of $250 to $100,000 to the CMC Foundation for one of the following programs at Colorado Mountain College, you can qualify for the Colorado Child Care Contribution Credit (CCCCC). Select the program that inspires you for your CCCCC-qualified gift.
Collegewide
Early Childhood Education
Support our mountain communities' future educators pursuing certificates to elementary education degrees with tuition, travel expenses and more.
CMC Glenwood Springs
Children's Mini-college
Children’s Mini College is a full-day preschool and a nonprofit under the Colorado Mountain College Foundation.
CMC Vail Valley at Edwards
Kid's College
CMC's Vail Valley at Edwards campus provides Kid's College, a full-day preschool for students and faculty.
Click the link below to give to all or one of the eligible CMC programs.
Looking to make a larger gift up to $100,000?
Please contact Diana Scherr, at the Colorado Mountain College Foundation.
dscherr@coloradomtn.edu | 970-569-2966
- You are eligible for a maximum credit of up to $100,000 in any one year 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. - 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. You will be advised of the net amount eligible for the credit. - Both individuals and corporations can take advantage of the credit.
For more details, visit the Colorado Department of Revenue page here.