Crossfire Ministries can only exist with donations from generous individuals like yourself. Only on a very few occasions does Crossfire Ministries ask for funds from individuals. It is our belief that God directs people to give and at the same time guides the ministry with supply of funds or lack of supply. We are a 510C3 corporation and therefore are able to give tax receipts for each donation, large or small. Check out the different ways in which you can give to Crossfire Ministries.
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Truck Fund
One of our ministry trucks blew an engine. We hope to secure a matching funds grant to either find a replacement truck or pay the $6000.00 repair cost. Please help us with a donation designated for Truck Fund.
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Capital Building Campaign
We would so greatly appreciate any gift, large or small, in order to help pay back a loan that Crossfire obtained to help pay for the move and the building adaptation, as well as a portion of the building cost that was not donated. Crossfire currently needs to raise $75,000 to accomplish this purpose.
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General Fund
Crossfire is an all volunteer organization operating on the generosity of people in our community. While Crossfire receives some donations of food and toiletries, many of these necessity items needed by our clients have to be purchased. Refrigeration units and electric bills have to be paid. Trash has to be removed. The needs are great to operate the ministry. All gifts, large or small, are greatly appreciated.
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Cash Gifts
Cash gifts (cash, personal checks, money orders or cashiers checks) can be mailed or hand delivered to:
Crossfire Ministries
2120 East LaSalle Street
Colorado Springs, CO 80909
Unless requested otherwise, all such identifiable gifts will be acknowledged and recorded. An end-of-year giving statement will be sent for tax purposes.
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Stocks or bonds
Crossfire Ministries has an account with T. Rowe Price for the transfer of stocks and bonds. We recommend that you talk to your accountant before transferring in order to maximize the gift and minimize any potential penalty. The tax laws often change and give opportunities to transfer up to certain amounts from specified types of accounts without paying penalties or capital gains, etc. So please check with your professional. Unless requested otherwise, all such identifiable gifts will be acknowledged and recorded. An end-of-year giving statement will be sent for tax purposes.
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As part of your estate or inheritance planning
Crossfire can also be made part of your will. There are several ways to set this up such as trust funds, living wills, etc. Crossfire could be made beneficiary of a life insurance policy. It is important to talk to your professional to determine which is the best way for you. If you do not have a professional financial advisor, Crossfire has a CPA with whom we would gladly put you in contact.
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Vehicles, jewelry or other special items
Crossfire accepts gifts of special items. The amount you can claim on donated vehicles is determined by the amount for which Crossfire is able to sell the vehicle. If you should have any other questions about these types of donations call John at 719-650-4152. Unless requested otherwise, all such identifiable gifts will be acknowledged and recorded. An end-of-year giving statement will be sent for tax purposes.
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In-kind Gifts of Labor
Crossfire appreciates different helps of labor. Some gifts in the past have included accounting, car work, computer programming to name a few. We are praying for a gift of cleaning service. Do you have a gift of labor that you might be willing to donate?
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El Paso County Enterprise Zone
The Enterprise Zone lets you receive a tax credit equal to 25% of your cash gift to Crossfire Ministries, Inc. The minimum amount of gift that can be given through the Enterprise Zone to receive this credit is $250. You will receive a receipt from El Paso County Enterprise Zone for tax purposes.
How to receive the tax credit through the Enterprise Zone:
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Make checks payable to 'El Paso County Enterprise Zone' and write 'Crossfire Ministries' in the memo line
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Mail the check to Crossfire Ministries, 2120 E. LaSalle St., Colorado Springs, CO 80909
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Crossfire Ministries will complete the necessary paperwork and submit the check to the El Paso County Enterprise Zone, you will then receive a receipt for tax purposes
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Example of Tax Credit
|
Gift Amount To Crossfire |
Percent of Tax Credit |
Amount of Tax Credit |
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$250 |
25% |
62.50 |
|
$1000 |
25% |
250 |
Some professional services such as accounting, electrician work, or plumbing may be eligible for a tax credit. This is considered an in-kind donation and could receive a 12.5% tax credit. Crossfire Ministries must get prior approval from the El Paso County Enterprise Zone so please contact Crossfire directly for more details on this.
For more information on the El Paso County Enterprise Zone Projects, click here.