The Indiana Tax Credit Scholarship program is now available for individuals or corporations who would like to donate to scholarship-granting organizations (SGO). The Community Foundation is pleased to be a qualified SGO and can receive private, charitable donations. These donations earmarked to one of our partnering private schools will provide K-12 tuition support to students with limited means. With this program, numerous families are empowered with new options in education.
A compelling feature of contributing to an SGO is contributions are eligible to receive a 50% state tax credit and are federally tax deductible. The funds donated can then be distributed to partner schools for families that meet income and other requirements. Up to $14 million in tax credits can be awarded over the course of the state’s fiscal year (July 1, 2018 – June 30, 2019).