CCD Foundation Approved for Enterprise Zone Charitable Status
The Community College of Denver (CCD) Foundation announced today that the Colorado Office of Economic Development approved its application for Enterprise Zone Charitable status for donations to CCD’s new Advanced Manufacturing Center's (AMC) Capital Campaign.
This means that individuals and companies located in Colorado that donate to the AMC will receive a 25% tax credit for cash donations and 12.5% credit for in-kind donations. There is a $750,000 tax credit limit per project year. The CCD Foundation is seeking $200,000 in funding for classrooms and associated furniture and equipment at the Advanced Manufacturing Center.
“Though many manufacturing companies are already motivated to support the AMC, we hope that this tax incentive will attract additional donors,” said Francie Anhut, former executive director CCD Foundation.
CCD’s AMC is a state-of-the-art 33,280-square-foot facility located at 2570 31st Street, directly north of the Regency Student Housing Community, about four miles from the main Auraria campus.
The location supports a dramatic increase in CCD’s manufacturing programs and adds state-of-the-art equipment to enhance the range of machining training programs. The center will train new machinists and welders, as well as provide training for incumbent workers who need to upgrade their skill set.
Over the next decade, nearly 3.5 million manufacturing jobs will be needed to support economic growth and the “silver tsunami” of retiring baby boomers. Unless the skills gap is addressed, two million of those jobs will go unfilled.
For more information about the new AMC and its capital campaign, please contact Nancy.Tomb@ccd.edu.
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With over 10,000 students, Community College of Denver (CCD) is the third largest community college in the state and a leading point of entry to higher education for the city and county of Denver. CCD provides a cost-effective, high-quality college education, along with access and opportunity for non-traditional students, workforce development, training resources for local organizations, and community partnerships. CCD is a federally funded Hispanic Serving Institution and is one of 13 community colleges within the Colorado Community College System (CCCS). Learn more at ccd.edu.
The Community College of Denver Foundation is a 501(c)(3) nonprofit organization focused on engaging individuals, foundations, and corporations in supporting CCD in its commitment to be the most welcoming, diverse, and excellent community college in the metro-Denver area. Through scholarships to students, programmatic and faculty support, and capital enhancements, the Foundation invests in deserving CCD students—ensuring they have access to high quality, relevant education. Learn more at CCD-Foundation.org