Community First Foundation and FirstBank are partnering to host “Colorado Gives Day” on Tuesday, December 9.
This is the fifth year in a row the organizations have hosted the event, and for the first time ever, it will be featuring a $1 million incentive fund created by the partners. The incentive fund has increased by 300 percent since last year.
A year-round, online giving website, ColoradoGives.org was started by the Community First Foundation in 2007. “Colorado Gives Day” is its annual statewide movement to celebrate and increase philanthropy in Colorado.
The Colorado event has one of the largest “gives-day” incentive funds in the country, and it aims to strengthen the state’s nonprofits through online giving.
According to Colorado Gives, here’s how the $1 million incentive fund works: If a nonprofit organization receives 10 percent of the total amount of money raised on “Colorado Gives Day,” that same nonprofit receives 10 percent of the $1 million incentive fund.
At the completion of “Colorado Gives Day,” the Community First Foundation will determine each nonprofit’s proportionate share of the incentive fund by dividing the total amount each charity raised by the total amount of donation to all participating nonprofits. This amount will then be multiplied by the total amount of dollars in the incentive fund.
This may sound complicated, but the bottom line is, the more money a nonprofit raises during “Colorado Gives Day,” the higher their percentage of the incentive fund.
FirstBank will also have $100,000 in prizes for trivia, rally, and luck-of-the-draw contests.
“Colorado Gives Day” features nearly 1,500 Colorado nonprofit organizations and encourages charitable giving by providing up-to-date information about the nonprofits.
Some nonprofits in the community of Pueblo that are participating in “Colorado Gives Day” are:
- Animal Welfare and Protection Society – PAWS for Life
- Catholic Charities Diocese of Pueblo
- Nature and Raptor Center of Pueblo
- Pueblo Arts Alliance
- Pueblo Child Advocacy Center
- Planned Parenthood of the Rocky Mountains Inc
- Sangre de Cristo Arts & Conference Center
- Senior Resource Development Agency, Pueblo, Inc
The “Gives Day” event starts at 12 a.m. on December 9 and lasts for 24 hours.
At the beginning of November, donations were able to be scheduled ahead of time. To participate in “Colorado Gives Day” and help any of the local nonprofits, donations can be made at ColoradoGives.org.