The new tax credit rate and donation process will only apply to donations made on Oct. 1, 2019 and after.

Make a donation today to the Oregon IDA Initiative and change the lives of people in your community! 

Individual Development Accounts, or IDAs, are matched savings accounts that change the financial futures of qualifying Oregonians with lower incomes. Participants build financial skills such as budgeting and saving while they save towards a defined goal, and for every dollar they save the Initiative typically matches three dollars. With these funds, participants are able to do things like buy their first home, pay their college tuition, or start a small business. The impact of your donation goes beyond the individual saver to their families and communities.

Read the latest IDA annual evaluation report.

Learn more about how the Initiative works.

The Oregon IDA Initiative is totally funded by the Oregon IDA Tax Credit. When you donate to the Initiative, you receive a state tax credit that can be used to offset your Oregon income tax liability.

Learn more about how the tax credit works.

How does the tax credit work?
The Oregon IDA Initiative is funded by the Oregon IDA Tax Credit.
Click on image to see bigger version

Oregon contributors may receive up to a 90% tax credit on their Oregon state returns for contributions made. This means the Initiative gets $1 of investment for every 90 cents or less in tax credits. As a donor, this tax credit can be used to offset your Oregon personal income tax liability.

What is my tax credit rate?
EXCITING CHANGES – PLEASE READ! Donors can choose their own tax credit rate, up to 90% for contributions made by check or wire transfer, up to 87% for contributions made by credit card (this accounts for the transaction fee), and up to 80% for stock or mutual fund contributions. These changes are intended to ensure that the tax credit remain viable for donors and that the impacts of the Initiative in Oregon communities are not diminished.

Why should I choose a lower tax credit rate?
The lower the state tax credit you choose, the further we can leverage the $7.5 million in tax credits we are allowed to market. For example, at a rate of 90%, $100,000 of tax credits will raise about $111,000 for the Initiative; at a rate of 70%, $100,000 in tax credits will bring in almost $143,000 of donations from generous supporters like you. This additional $32,000 would be enough provide matching funds to almost 6 IDA Initiative participants (the average match is $5,400). Again, the lower the tax credit rate you choose, the greater the impact of your contribution and the more people it can help.

How do the recent changes to the federal IRS codes impact IDA donors?
When you donate to the Initiative, you receive a state tax credit that can be used to offset your Oregon income tax liability. Please note that as of June 2019, the IRS has clarified that when you receive this state tax credit, you may only claim for a charitable deduction on your federal return the portion of your donation that you DO NOT receive a state tax credit for. For example, if you donate $1,000 and receive a 90% state tax credit ($900), you may only claim the 10% ($100) you do not receive the tax credit for as a charitable contribution on your federal return. You can learn more here. We strongly encourage you to consult with your CPA or tax advisor about any specific questions as we are unable to give tax advice.

So, what else happens if I choose a lower tax credit rate?
The lower your tax credit rate, the more you can claim as a charitable deduction on your federal return. You may claim any portion of your donation that you do not receive a state tax credit for. So, for example, if a donor contributes by check and chooses the maximum tax credit rate of 90%, they may claim 10% as a charitable contribution on their federal return. If the donor chooses a tax credit rate of 60%, they may claim 40% as a charitable contribution on their federal return.

What else do I need to know?
Please talk to your tax advisor about the particular impacts of the Oregon IDA tax credit on your situation. Depending on your personal circumstances, and especially if you do not pay significant state income tax or property tax, benefits to you may be higher.

Learn more about how to donate.

Frequently Asked Questions

2019 Tax Credits Remaining

IMPORTANT: If tax credit remaining is less than $500,000.00 please contact Hannah before donating!

Read some success stories!

See our success stories map


If you have any questions, please contact Hannah Waterman by email or by phone (503) 226-3001 x107.