Donations For Arizona Charitable Tax Credits Must Still Be Made By April 15
By Lisa Padilla -
Wednesday Mar 25, 2020
Arizona taxpayers considering donations to qualifying nonprofit organizations for Arizona tax credits on their 2019 income tax returns must still make those contributions by April 15 even with the U.S. Department of Treasury decision to extend filing deadlines to July 15 for Arizona and federal returns.
Qualifying charitable organizations include 501(c)3 nonprofit organizations, foster care organizations public schools and certified school tuition organizations.
“Nonprofits in Arizona are facing severe financial challenges and if, by making direct donations, they can benefit at the same time that Arizona taxpayer’s benefit, it’s a win-win,” said Alliance of Arizona Nonprofits Chief Executive Officer Kristen Merrifield.
This week, the Alliance released results of a survey of Arizona nonprofit organizations showing that nearly 90% of the 425 respondents have been or expect to be significantly impacted by the spread of COVID-19 or coronavirus with the total loss of reported revenue at $36 million as of March 24.
Merrifield said that additional steps have been taken to provide expanded support through the upcoming Arizona Gives Day 24-hour online fundraising campaign, a collaboration with Arizona Grantmakers Forum and presented by FirstBank, on April 7, including:
• An Emergency Relief Fund giving donors the option to increase donations as an add-on at check out or through direct donation at http://www.azgives.org/aznonprofits. All funds will be distributed equally among participating nonprofits.
• Re-opening registration to allow organizations that had to cancel fundraisers, programs and other events that originally chose not to participate to be able to benefit from the fundraiser. The new registration deadline is March 27: and
• A group of donors has provided separate funding enabling the Alliance to waive payment-processing fees normally paid by nonprofits participating in Arizona Gives Day, allowing more funds to go directly to the nonprofits.
For more information about the Nonprofit Emergency Relief Fund, visit wwwazgives.org/relieffund. For more information about the Arizona Gives Day, visit http://www.azgives.org.
About the Alliance of Arizona Nonprofits:
The Alliance of Arizona Nonprofits is a statewide trusted resource and advocate for the nonprofit community. The Alliance’s mission is to unite, strengthen and advance Arizona’s nonprofit sector and is comprised of more than 1,000 members – both nonprofits and those in the community who support them – across the state. Since 2004, the organization has been dedicated to furthering the common interests of Arizona’s nonprofit community and envisions an Arizona where all nonprofits are valued, empowered and thriving, with support from grassroots efforts like Arizona Gives Day. For more information, visit http://www.arizonanonprofits.org, or email [email protected].
About Arizona Grantmakers Forum:
Arizona Grantmakers Forum is the statewide network for foundations, businesses with giving programs and individual philanthropists. The organization aims to advance philanthropic efforts at all levels, from grassroots community work to state and federal policy initiatives. Arizona Grantmakers is driven by a belief that collaboration among philanthropic organizations is vital to building a more equitable and prosperous Arizona. For more information, please visit http://www.azgrantmakers.org.