Impact AZ is a grant initiative of Mission Increase AZ. The program is designed to help tax credit eligible non-profit organizations become healthier, stronger and financially sustainable by maximizing the use of the AZ State Tax Credit.
Impact AZ provides training, coaching, marketing resources, access to experts in the non-profit industry, and a $100,000 grant pool to selected non-profit organizations. Through Impact AZ, six organizations will be awarded grants based mainly on growth over the previous year of tax credit dollars raised and tax credit donors who give.
Impact AZ seeks to grow and expand the work of Christian non-profits in Arizona, resulting in greater resources for kingdom impact!
The state of Arizona has a unique program that allows residents to direct some of their state tax dollars directly to charities they’d like to support. The AZ Department of Revenue has an on-line list of approved “Qualifying Charitable Organizations.” Simply donate to the qualifying organization of your choice prior to April 15th, 2018, and then file Form 321 with your state taxes to claim your dollar-for-dollar tax credit.
When you file your state taxes, you will then receive a 100% credit for the tax credit donation you made. The amount, dollar for dollar, will be applied to your state tax liability, or if you have paid the liability through payroll deductions, you will receive a tax refund.
The most you can claim in one year is $400 for an individual filer and $800 for a married couple filing jointly. However, in addition, you may also give $500 for an individual filer and $1,000 for a married couple filing jointly to a Foster Care Charitable Organization. You can roll over tax credit gifts for up to five years if you do not have a state tax liability in 2017.
Please Click Here (back to homepage) to choose from the Impact AZ 2017 eligible organizations. Click on the ministry logo and then click on “Give My tax Credit Gift”. You will then be connected directly to that organization’s website and donation page. You can then donate a $400 gift if you are an individual filer, or up to an $800 gift if you are a married couple filing jointly. If the organization you choose is a Foster Care Charitable Organization, you may give $500 for a single filer or $1000 for a married couple filing jointly. You may give to BOTH a Charitable Organization AND a Foster Care Charitable Organization in the same tax year, assuming you have a state tax liability that allows you to give to both tax credit programs. After your gift, the organization will send you a receipt for that donation. Also know that if you itemize your federal taxes, you can claim your gift as a charitable deduction (in addition to the credit) as well.
Yes! 100% of your tax credit gift goes directly to the organization that you choose. Impact AZ does not receive any portion of your gift. Impact AZ’s grant pool is provided entirely by local donors who desire to help selected tax credit eligible non-profit organizations become healthier, stronger, and financially sustainable by helping them maximize their AZ State Tax Credit gifts.
How Does an AZ Tax Credit Eligible Organization Apply for Impact AZ?
Beginning in May of 2018, tax credit eligible organizations may submit applications for Impact AZ 2018. E-mail Impact AZ if you would like to receive an application. A selection committee examines all applications and organizations are notified should they be selected. If your organization is chosen to participate, there is a fee that covers marketing resources, direct coaching and mentoring, as well as training events.
For additional questions, please Click Here to be directed to the State of Arizona’s Department of Revenue “FAQs for Taxpayers” site.