Western Foundation

Enterprise Zone

Enterprise Zone

Get a Tax Credit when you give to Western’s University Center!

We received exciting news that Western’s University Center was re-approved as a Colorado Enterprise Zone! All donors who make a gift of $50 or more to the University Center and who also pay Colorado State Income Tax (regardless of tax bracket), qualify for a 25 percent tax credit for the amount of their cash gifts from the State, up to $100,000 credit per year (for a $400,000 gift) with a five year carry-over if they cannot use the entire credit in a single year. In-kind contributions are eligible for a 12.5 percent credit.

Combined with the State and Federal Income Tax deductions, that means that Colorado tax payers may make gifts to the University Center at a significant discount! This is a powerful way to steer your State tax dollars exactly where you want them to go!  It’s as easy as 1, 2, 3:

  1. Donors make a contribution by check (or online at http://www.westernup.org), $50 minimum amount to $400,000 maximum amount to the Western Foundation for the University Center, indicating “Enterprise Zone” on the memo line of the check.
  2. Donors send check to the Western Colorado University Foundation, P.O. Box 1264, Gunnison, CO 81230.
  3. Within 60 days, the Foundation sends the donor the appropriate paperwork for their State tax credit (as well as State and Federal tax deductions).

For more information, please contact the the Foundation, P.O. Box 1264, Gunnison, CO 81230, 970.641.2237, tburggraf@western.edu.

Please note: ALL donations submitted to the Enterprise Zone for tax credit must now include a tax ID or social security number, per new Colorado State requirements. If a number is not included with your gift, you will be contacted by the Foundation Office for your information, should you choose to receive the Colorado tax credit.