Out of Pocket
There are multiple ways to make a contribution:
When giving to a campus NORTH of Anderson, IN:
When giving to a campus SOUTH of Anderson, IN (including the Anderson campus):
Unlike a tax deduction, where your charitable donation can be removed from your taxable income, a credit can directly reduce your tax liability “off the bottom line”.
Corporations, partnerships, LLCs, PCs, self-employed, or individual taxpayers are eligible for the Tax Credit; in fact, any entity with an Indiana state tax liability can receive the benefit from a donation to our SGO.
There is an $12.5 million cap on available state tax credits for up to $25 million in donations across the state for 2017. The minimum donation per entity or individual is $100. Think of the process as a “first donations in, first tax credits awarded” process.
Yes, your gift to our SGO is tax-deductible to the full extent of the charitable laws.
Yes, a stock gift can be made.
When giving to a campus NORTH of Anderson, IN, please contact the Community Foundation of Elkhart County at (574) 295-8761.
When giving to a campus SOUTH of Anderson, IN (including the Anderson campus), please contact the Institute for Quality Education at (317) 951-8783.
Donors cannot receive the tax incentives from designating their SGO gifts to benefit a specific student.
You can reduce or eliminate up to the full amount you have paid or will owe the state. If already paid, you can receive a refund up to what you have already paid. Should you be due more credit than you can use, you may rollover the remaining credits for an additional eight years. Additionally, if you pay quarterly estimated taxes, you could couple an SGO donation with a reduced quarterly payment to the state. Please consult your own tax advisers for your own, unique situation.
The Vouchers provide scholarships to eligible students by utilizing a portion of the state funds allocated for that child to follow them to the non-public school of their choice, and family income must fall below 150% of the Federal free and reduced lunch maximums. In contrast, SGO Scholarships are not funded by the state, but instead by charitable donations. Family income must also fall below 200% of the Federal free and reduced lunch levels for SGO Scholarships. There are other detailed differences between Vouchers and SGO Scholarships, but these listed above are the highlights.
*When giving to a campus NORTH of Kokomo, IN: Donations are given through the Community Foundation of Elkhart County. By clicking this “Give Now to CFEC” button, you will be redirected to their website to give online.
*When giving to a campus SOUTH of Kokomo, IN (including the Kokomo campus): Donations are given through the Institute for Quality Education. By clicking this “Give Now to IQE” button, you will be redirected to their website to give online.