5 ways to give back utilizing tax credit

Nonprofit | 22 Dec, 2019 |

The holidays are about gift-giving to our closest friends, families and loved ones but it is also a great time to give back to the community. Arizona has a comprehensive list of incredible nonprofits who participate in the Qualifying Charitable Organizations (QCO) tax credit, providing assistance to underprivileged members of the Valley. This year, the maximum amount to this credit that can be donated is $800 for married couples and $400 for single individuals. 

By donating to the tax credit, you are either decreasing your liability or increasing your return in 2020. For example, if you owe $1,000 in state income tax, and you donate $800, you may subtract the $800 from your tax bill and pay the state only $200. You can even use your $400 donation as a federal income tax deduction.

Please see below for a list of local nonprofits that participate in this incredible program. Representatives from each are available to talk about their respective organizations and the communities they help. Thank you, your coverage is welcomed and appreciated.

Arizona Helping Hands

Arizona Helping Hands, founded in 1998, is the largest provider of basic needs to the 14,000 children in the state’s foster care system. The essential needs include beds, cribs, clothing, diapers, toiletries and more. The organization helps foster parents, both licensed and kinship, to create a safe place for children who’ve been abused and neglected with their programs promoting safety, permanency and health. For more information, visit azhelpinghands.org.

Chandler Compadres

The Chandler Compadres are a 501(c)(3) non-profit charitable organization. For more than 30 years, members of the Chandler Compadres have donated their time, resources, talents and money to help kids and families in need who live in Chandler and the East Valley. The group has donated more than $10.3 million to Valley charities, particularly those benefiting youth academic and development programs. The funds go to local beneficiaries including Boys & Girls Clubs of the East Valley, ICAN Positive Programs for Youth, AzCend, FANS Across America , Arizona Brainfood, Chandler CARE Center and The Clothes Cabin. For more information, please visit https://www.chandlercompadres.org/taxcredit. 

Hunkapi Programs

Hunkapi, based in Scottsdale, brings to the Valley a variety of horse powered activities for children and adults including: therapeutic riding lessons, equine assisted psychotherapy and garden therapy. Most of the lessons come from the horses, who gently guide clients toward greater mindfulness of self and others. The name is taken from a Native American word that means “I am related to everyone” and expresses the deep sense of connection between horse and human. For more information on the program, please visit the website at www.hunkapi.org. You can also reach the farm at (480) 393-0870 or info@hunkapi.org.

New Life Center

New Life Center, one of the largest domestic violence shelters in the country, serves more than 1,000 children and adults annually through an emergency and outreach support program, where more than 70 percent of the population is children. In 2017, New Life Center served more children and provided more bed nights than any other single facility providing emergency shelter to domestic violence survivors in Arizona. To learn more, visit NewLifeCtr.org

Phoenix Children’s Hospital Foundation

Phoenix Children’s Hospital is Arizona’s only children’s hospital recognized by U.S. News & World Report’s Best Children’s Hospitals. Phoenix Children’s provides world-class inpatient, outpatient, trauma, emergency and urgent care to children and families in Arizona and throughout the Southwest. As one of the largest children’s hospitals in the country, Phoenix Children’s provides care across more than 75 pediatric specialties. The Hospital is poised for continued growth in quality patient care, research and medical education. Donations benefit research, critical care and programs that support patients and families. For more information, visit phoenixchildrensfoundation.org/charitable-tax-credit.

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