Be a Champion for Children

• Champion for Children (“CFC”) Tax Credits are established from the Missouri State legislature and are awarded to only 3 agencies in the state (CASA, Child Advocacy Center, Crisis Care Centers) serving to help organizations that are helping children in crisis. The annual budget recently was raised from $1,000,000 to $1,500,000, equally apportioned between the three. Last tax year approximately 98% of those requesting a CFC tax credit through a donation to CASA received it.
• Unlike a tax deduction, a tax credit can be used regardless if you itemize or not and is taken directly off of your tax burden. For example, if you make $30,000/year and you pay 6% of that in State of MO taxes, this would be $1800 tax due at the end of the year. If you donated $200 to CASA, you qualify for a $100 tax credit (50% of the donation!) to be taken off of your $1800 tax bill. Tax credits can be carried over into the following tax year if one’s tax burden was below the donation amount.
• The donation ALSO qualifies for federal and state deduction if one itemizes.
• Donations have to be over $100 per incidence. For example, a monthly donor of $10 would add up to $120 at the end of the year, but would not qualify since each incidence was under $100.
• At the time of a qualifying CFC donation our CASA agency will send to the donor both a tax receipt letter and the MO-CFC form required to be submitted with their taxes. They are encouraged to consult with their tax professional for additional information.