Season of Giving Can Benefit Space, Education

The Space Foundation is a 501(c)3 global, nonprofit organization based in Colorado that has been providing teachers and students with standards-based, space-related educational programs since 1985, in support of our mission to advance space-related endeavors to inspire, enable and propel humanity.

The Space Foundation welcomes contributions to provide education programs for teachers and students. Contributions to the Space Foundation support:

• Engaging teacher courses
• Interactive classroom programs
• Cutting-edge community forums
• Compelling exhibits

In-kind contributions could include services, materials, furnishings or space artifacts.

Tax Credits Available
Tax credits are available for Colorado state income tax. A tax credit is a direct dollar-amount reduction in tax liability that is not affected by a tax bracket or any other criteria. In other words, a person making a $1,000 contribution to the Space Foundation would have his/her Colorado State taxes reduced by $250 dollars. The donor is also eligible for additional bracket-dependent federal and state deductions for contributions, as well.

For example: if you are in the 28 percent tax bracket and you make a $1,000 contribution to the Space Foundation, you could be eligible for the $250 tax credit plus a $267 federal tax deduction plus a $46 state tax deduction, making the actual out-of-pocket impact on you only $437 - while the Space Foundation enjoys the benefit of the full $1,000. Because deductions can vary, you should consult a tax advisor for details on specific tax liabilities.

To take advantage of an Enterprise Zone tax credit, make your donation check out to the "Enterprise Zone Administrator," noting "Space Foundation" on the memo line. Mail your donation check to the Space Foundation, 4425 Arrowswest Drive, Colorado Springs, CO 80907, attn: Margo Hatton. The donation will then be processed by the Space Foundation Development Office and a tax certificate will be mailed to you from the El Paso County Enterprise Zone Administrator. For information on in-kind donations and an Enterprise Zone in-kind tax credit, contact Space Foundation Manager - Development and Education Partnerships Margo Hatton at [email protected] or 719-576-8000.

For more information or to make a secure donation online, click here.

This article is part of Space Watch: December 2011 (Volume: 10, Issue: 12).