Coyote Hill is an approved Missouri Domestic Violence Tax Credit organization.
Any donation over $100 qualifies for a 70% credit toward your Missouri state tax liability. Any tax credit that cannot be claimed in the tax year associated with the contribution may be carried forward and used against your state tax liability the next tax year.
Why should you utilize this benefit?
The more you give, the more you get back, and the more children we can welcome into a safe Coyote Hill foster home. Your donation strengthens our ministry and benefits you.
What is the difference between a tax credit and a tax deduction?
While both tax credits and deductions reduce your taxes owed, tax credits have a greater impact. Deductions reduce how much of your income is taxed. Conversely, tax credits directly reduce the amount of tax you owe. These tax credits will give you a dollar-for-dollar reduction of your tax liability worth 70% of your total gift. Additionally, the remaining 30% of your gift is still tax deductible. This can have a great impact on your Missouri taxes!
Fill out the application and send it back to Coyote Hill. Our mailing address is PO Box 1, Harrisburg, MO 65256. You can also drop it off in person at your closest Coyote Hill office. View our locations here.
Coyote Hill will submit the application on your behalf. The State of Missouri will process your application and mail your tax credit award directly to you. Allow 45 business days for processing.
This is a Missouri-specific benefit. This credit is limited to $50,000, which is equivalent to a gift of approximately $71,000. When you utilize this tax benefit, it enables us to give more children safe homes!
These tax benefits programs help Coyote Hill Foster Care Ministries raise funds by providing partial state tax credits to some businesses and individuals. As Coyote Hill Foster Care Ministries Founder Larry McDaniel has shared in the past, “Tax credits are a mutually beneficial vehicle for not-for-profit organizations and donors. These credits allow organizations like Coyote Hill Foster Care Ministries to give the best care for our community’s most vulnerable children, while also being a wise economic investment for the state.”
Continue reading to see if you qualify for these tax credits.
Understanding YOP Tax Credits
All donations for YOP tax credits will support our growing Equine Program, giving more children in foster care across the state access to confidence-building horseback riding lessons. Each gift of $1,000 or more qualifies you for a 50% Missouri state tax credit.
View YOP FAQs to see if you qualify, and learn more about the potential benefits of this credit.
Give Now By Mail
Your support is what keeps Coyote Hill Foster Care Ministries growing and continuing to create more safe places to be a child. Consider making the most of your charitable contribution by taking advantage of our tax credits program.
Give now by mailing a check to PO Box 1, 9501 Coyote Hill Foster Care Ministries Road, Harrisburg, MO 65256. You can also give directly online from your bank account. Unfortunately, we do not accept large donations via credit cards due to processing fees.
Contact joe@coyotehill.org today with any questions or to discuss a donation.
YOP Tax Credit FAQs and Eligible Donations for Coyote Hill Foster Care Ministries
Can donors transfer or sell YOP Credits? You cannot transfer or sell YOP credits, but you can carry them forward for five years.
How many YOP credits can a donor claim? A donor may claim up to $200,000 in YOP tax credits per taxable year. Coyote Hill Foster Care Ministries’s policy is to occasionally set a maximum amount to enable many donors to take advantage of the program.
What kind of contributions qualify for YOP credits?
Monetary (checks, credit, debit – Coyote Hill Foster Care Ministries prefers checks for gifts of $5,000 or more).
Real Property (building/property for the project, and in approved budget).
Publicly-Traded Stocks.
In-Kind Donations of Materials, Supplies, Equipment (as long as the items are listed in the project budget). In-kind donations receive a 30% credit.
Can donors make gifts from their IRA’s and claim YOP or YOP tax credits? With the passing of the Pension Protection Act, donors can contribute from their IRA’s (Both Roth and Traditional IRAs are acceptable). We will need a copy of the IRA check and the donor’s IRA account showing the debit to their account. If you would like us to screen the documentation prior to submitting the application to claim credits, please contact DED.
Are the tax credits retroactive? No. Projects approved for this YOP cycle may offer tax credits to donors who made a contribution to the project on or after the project period start date, through the end date. Coyote Hill Foster Care Ministries’s current program is April 1, 2023 – March 31, 2025.
YOP tax credits will benefit our growing Equine Program.
Do donors complete an application for claiming tax credits? Yes. Donors will submit an Application to Claim Tax Credits and provide proof of donation from the account the donation was made.
When are all YOP donations due? All donations must be made within the project period (April 1, 2023 – March 31, 2025). Donors need to submit applications and paperwork within one year of the donation.
Does YOP dictate a minimum donation amount to be eligible for credits? DED does not dictate a minimum amount; however, Coyote Hill Foster Care Ministries sets a minimum donation of $1,000.
Do donors complete an application for claiming tax credits? Yes. Donors will submit an Application to Claim Tax Credits and provide proof of donation from the account the donation was made.
When are all YOP donations due? All donations must be made within the project period (April 1, 2023 – March 31, 2025). Donors must submit tax credit applications and paperwork within one year of the donation.
Does YOP dictate a minimum donation amount to be eligible for credits? DED does not dictate a minimum amount; however, Coyote Hill Foster Care Ministries sets a minimum donation of $1,000.
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