Donate

Colorado Child Care Contribution Credit Extended

The Colorado Child Care Contribution Tax Credit was extended through 2038 via HB26-1004.

This bill ensured the 50% tax credit for monetary contributions to State of Colorado “Approved Child Care providers” remains active through 2038.

The State of Colorado recognizes Summit54 as an approved childcare provider for our work with students in the Roaring Fork Valley.

Credit Details
Taxpayers can claim a 50% state income tax credit on qualifying monetary contributions to child care providers, recognized as “Approved Child Care Providers", up to a maximum of $100,000 per year.

Taxpayers may deduct 50% of their donation to Summit 54 as a state income tax credit in Colorado.

Additional Credits
Separate from the contribution credit, a new refundable $1,200 Care Worker Tax Credit for early childhood professionals began in the 2025 tax year, as noted by the Colorado Department of Early Childhood.

Summit54 Giving Benefits

Your Charitable Gift Can Go Further When Giving to Summit54 with the extension of the Colorado Child Care Contribution Credit through 2037!

Colorado taxpayers are eligible for a Colorado Child Care Contribution Tax Credit equal to 50% of a qualifying contribution to Summit54.
(Please consult your tax advisor regarding your specific tax situation.)

Examples

Contribution Potential Colorado Tax Credit
(50%) 		Estimated Net Cost Before Other Tax Benefits
(such as standard Federal deductions)
$1,000$500$500
$2,500$1,250$1,250
$5,000$2,500$2,500
$10,000$5,000$5,000
$25,000$12,500$12,500
$50,000$25,000$25,000
$100,000$50,00050,000

Examples

A Colorado taxpayer makes a donation to Summit54 of $10,000.
Colorado Child Care Contribution Tax Credit:  $5,000
Estimated net cost before adding federal charitable deduction:  $5,000
Additional federal tax benefits typically further reduce the after-tax cost of giving to Summit54. 

Why Support Summit54?

Gifts help provide:

  • Free Summer Advantage programming
  • Free after-school tutoring
  • Year-round academic support for RFV elementary students
  • Enrichment activities that build confidence and life skills
  • Opportunities RFV children would not otherwise have available to them

Summit54 donors should always consult with their tax advisors regarding eligibility, limitations, and the interaction of state and federal tax benefits.

Donation checks can also be mailed to

Summit 54
625 E. Main Street, Suite 102B-115
Aspen, CO 81611

Summit 54 is a 501(c)3 organization, ID# 27-2978700

77%

of Scholars qualified for free or reduced-price meals

26 days

or 156 total hours of dynamic summer learning

84%

of scholars identified Hispanic