How Utah Businesses Can Take Control and Benefit Big
Listen, I’m going to let you in on something that most Utah business owners don’t know about. It’s one of those rare opportunities that lets you do something great for your community while also making an undeniably smart business move. If you’re like me, you work hard for every dollar and don’t love the idea of sending a chunk of your earnings into the black hole of state taxes. What if I told you that you could take that money—every cent of it—and put it to work in a way that benefits both your bottom line and the future of Utah’s children?
Let me introduce you to the Children First Education Fund (CFEF), the best-kept tax secret you’ll wish you’d known about sooner.
What’s the Deal?
Here’s how it works: instead of handing your tax dollars over to the state, you can donate to CFEF and receive a 100% dollar-for-dollar Utah state income tax credit. Not a deduction—a credit. That means every dollar you contribute directly offsets your tax bill. You don’t lose a penny, but you gain the ability to decide where that money actually goes.
Rather than letting the government decide how to use your tax money, you can redirect it to fund scholarships for children with disabilities who need specialized educational opportunities. These are kids who often struggle in traditional public school settings and need tailored resources that private schools or homeschooling options can provide. Your donation makes that possible—without costing you a dime.
Why This Matters for Business Owners
If you’re still thinking, “This sounds too good to be true,” let me break down exactly why you should care:
- You Control Where Your Tax Dollars Go
- Normally, you pay your taxes, and that money disappears into state programs, many of which have little to no direct impact on your business or community.
- With CFEF, you literally redirect that money to something meaningful.
- Your Business Gains Serious PR Points
- Consumers and employees respect businesses that support their communities.
- By publicly supporting CFEF, you’re not just saving money—you’re building goodwill, strengthening your brand reputation, and demonstrating a commitment to social responsibility.
- Tax Savings Without Any Extra Cost
- If you owe state taxes anyway, why wouldn’t you take advantage of this opportunity?
- There’s no catch—you’re simply reallocating your existing tax obligation.
The Businesses Already Benefiting
Savvy Utah business owners are already leveraging this opportunity. Take CCBank and Security Home Mortgage, for example. These companies pooled their resources to donate $2.25 million to CFEF. That’s $2.25 million redirected from their tax obligations into direct educational impact for Utah families.
This isn’t just about philanthropy—it’s a financially sound decision that ensures their tax dollars make a tangible difference in their community while also benefiting their businesses.
How to Get Started
If you’re ready to take control of your tax dollars and start benefiting from this program, here’s how you do it:
- Calculate Your Tax Liability
Work with your accountant or finance team to determine how much state tax you owe.
- Make a Contribution to CFEF
Donate that same amount (or a portion of it) directly to the Children First Education Fund.
- Receive Your 100% Tax Credit
File your taxes and claim your full dollar-for-dollar credit, reducing your state tax bill accordingly.
- Enjoy the Benefits
You’ve now taken full control of where your tax money goes, helped Utah students, and enhanced your company’s reputation—all at zero net cost.
Final Thoughts: Smart Business, Real Impact
I don’t share just any “tax trick.” But this one? This is a no-brainer.
If you’re running a business in Utah and you’re not using the CFEF tax credit to redirect your taxes, you’re leaving money—and impact—on the table. Whether you’re a small business owner or a major corporation, this is your chance to make an intelligent financial move while transforming lives in the process.
Don’t let this secret stay a secret. Be the business owner who knows the game, plays it smart, and makes a real difference.Check out Children First Education Fund today and take charge of your tax dollars before they take charge of you.
