What is the Enterprise Zone (EZ) Contribution Program?
The Enterprise Zone program is a Colorado state incentive designed to encourage private support for approved community projects. Silver Key Monument Community Center is an approved El Paso County Enterprise Zone Contribution Project, with all gifts directly supporting the capital campaign to build the Monument Community Center.
When you donate to the Monument Community Center Capitol Campaign, you may receive a 25% Colorado state income tax credit on eligible donations over $250, up to $100,000 per year. Gifts of appreciated stock may qualify for a 12.5% state tax credit, with no capital gains tax.
Example: A $1,000 donation could earn a $250 credit on your Colorado state income taxes.
Why Donate to Silver Key Through EZ?
- Directly supports the Capital Campaign for the Silver Key Monument Community Center
- Stretch the impact of your charitable giving
- Receive a significant Colorado state tax credit
How the EZ Tax Credit Works
- Stretch the impact of your charitable giving
- The credit equals 25% of your eligible monetary donation
- Credits are issued after your gift is certified by El Paso County
- You can claim the credit when filing your Colorado state tax return
Step-by-Step: How to Donate Through the EZ Program
Donating through the Enterprise Zone program is simple. Follow the steps below and we’ll guide you through the process from start to finish.
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Step 1: Make Your Donation to Silver Key
Donate directly to Silver Key and indicate that your gift is intended for the Enterprise Zone Contribution Project.
- By check: Make checks payable to Silver Key Senior Services and note “EZ Contribution” in the memo line with:
- Last 4-digits of Social Security number OR
- EIN#
- Online: Donate below and add note with:
- Last 4-digits of Social Security number OR
- EIN#
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Step 2: Silver Key Submits Your Donation for Certification
Silver Key submits your contribution details to El Paso County for certification as an eligible EZ contribution.
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Step 3: Receive Your EZ Tax Credit Certificate
Once certified, El Paso County will mail your EZ Tax Credit Certificate (within ~60 days). This certificate documents your 25% state tax credit.
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Step 4: Claim the Credit on Your Colorado Tax Return
When filing your Colorado state income taxes, include the EZ Tax Credit Certificate to claim your credit.
We’re Here to Help
Our team is happy to guide you through the process or answer any questions along the way. For in-kind donations, please give us a call.
Silver Key encourages donors to consult with a tax professional to understand how the Enterprise Zone tax credit applies to their individual tax situation.