The Colorado Child Care Contribution Credit (5C) was established to encourage greater private support of Colorado child care programs, like those provide by the HEA Preschool. It is a “contribution” to a childcare facility through the HEA Preschool Development fund.
Because monetary contributions qualify for this credit, you may be able to decrease the after tax cost of your gifts on your Colorado taxes.
In-kind gifts, such as stock or other securities, labor, or equipment, do NOT qualify for the tax credit. Only monetary contributions, including charitable distributions from retirement accounts are eligible.
Please check with your financial advisor.
Because HEA qualifies for the Colorado Child Care Contribution Credit (5c), your generosity has an even greater impact. This credit allows you to support HEA in a deeply meaningful way while also receiving a significant financial benefit.
Here is a simple, step‑by‑step explanation of how the credit works:
Example: Patron Level — $10,000
This credit directly reduces your Colorado state tax bill.
You may also be able to deduct the support amount on your federal and state taxes, depending on your personal tax situation.
5. Your Net Cost Is Significantly Lower
Because of:
your actual out‑of‑pocket cost can be far less than the amount you contribute — while HEA receives the full benefit of your generosity.
(HEA cannot provide tax advice; donors should consult their tax professional. In-kind gifts, such as stock or other securities, labor, or equipment, do NOT qualify for the tax credit. Only monetary contributions, including charitable distributions from retirement accounts are eligible.)
