FAQ

Yes. The Arizona State Department of Revenue has a website designated to information on the Qualified Charitable Organization Tax Credit.  Since they are the obvious authority on taxes, their site has the most up to date information on the tax credit.  You can find the link below.

Most TurboTax like software and all accountants ask you if you have donated to a QCO and they fill out both forms for you.  For those that are more hands on…  You report the name of the Qualifying Charitable Organization you donated to as well as the dollar amount of your donation to the AZ Department of Revenue on AZ Form 321. You must also total your nonrefundable individual tax credits on AZ Form 301 and include all applicable forms when you file your tax return. Links to both forms are found below.

The maximum QCO credit donation amount for 2024; $470 single, married filing separate or head of household; $938 married filing joint. The maximum QCO credit donation amount for 2025: $495 single, married filing separate or head of household; $987 married filing joint.

Credit eligible contributions made to a Qualifying Charitable Organization on or before April 15th may be applied to either the current or the previous taxable year.  Contributions made after April 15th can be applied to the current taxable year.

Currently, that percentage is 98%!  Following our founding documents, we must give at least 90% of every dollar brought in on youth centered activities. In 2022, BILT Foundation spent less than 2% on administration after taking out credit card transaction fees. We are able to do this by having zero paid staff at the BILT Foundation.  All board members and donation counselors are volunteers and give their time freely to the foundation.  The 10% that we do reserve to spend on administration is mostly credit card processing fees, website hosting, accountants, and legal paperwork costs required to keep the foundation in good standing.  In comparison…  most 501(c)(3) organizations today spend more than 50% on administration.

Donations are cut off around May 15th of every year. It takes our team of volunteers a week or two to audit and prepare grant funds. We then process ACH grant transfers around June 1st.

Grant funds are sent electronically via ACH to confirmed bank accounts of entity receiving the grant. An ACH authorization form must be submitted and confirmed by our volunteers prior to any funds being sent. The ACH authorization form can be downloaded below.