The School Scholarship Tax Credit is available for individuals or corporations who would like to donate to scholarship-granting organizations (SGO). A certified SGO provides tuition scholarships to income eligible students attending a partnering K-12 private school.
The LaGrange County Community Foundation is a qualified SGO and can receive private, charitable donations. Individuals or corporations contributing to an SGO are eligible to take advantage of a 50 percent state tax credit. The donated funds are then distributed to partner schools for families that meet income and other requirements.
While there are no limits to how much a donor can contribute to a qualified SGO, the entire tax program cannot award more than $12.5 millions credits in the state's fiscal year (July 1, 2017 - June 30, 2018).
If you are a family seeking an SGO scholarship, please contact the financial aid office of the private school your children plan to attend for an application. We currently partner with the following schools:
There is no limit to how much a donor can contribute to a qualified SGO; however, the entire tax program cannot exceed more than $12.5 million in in credits in the fiscal year (July 1, 2017 - June 30, 2018). There is no cap on the number of credits a donor can receive as long as the credits are available.
Yes. There are no restrictions on a donor designating the use of his/her gift for a specific school.
No. If a donation is made on behalf of an individual student, that would be considered a tuition payment - rather than an SGO donation - and thus would not be eligible for the tax credit.
There is no minimum amount that an SGO must award to an eligible student. However, an SGO award must be at least $500 in order for that student, or the student's sibling, to qualify for a Choice Scholarship under the previous SGO Award Pathway.