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Giving for SGO Tax Credit Scholarships

08.27.2015

 
HOW DO INDIANA STATE TAX CREDITS WORK?
$1000 Contribution Example to Institute for Quality Education SGO
http://www.i4qed.org/sgo

  With Tax Credit  Without Tax Credit 
Without Tax Credit  $500  $0 
Federal (28%)   $140 * $280 
Savings $640  $280 
Out of Pocket Costs  $360 $720 
   34% 72%
An SGO Tax Credit Scholarship can make a student eligible for a State Voucher after one year

* Net federal deduction is equal to the contribution less the state tax credit as state taxes are deductible from federal taxes. Assumes deductions are itemized. Actual after-tax cost will vary based on your tax status.  Consult your tax professional. 


WHAT IS THE IMPACT OF MY DONATION?

($1000 Contribution Example)

 1 Kindergarten Student
($500 Minimum SGO Scholarship for one
year makes student eligible for a State Voucher)
X
12 Year Education on Vouchers
$60, 000 generated in voucher money
20 Kindergarten Students
($500 Minimum SGO Scholarship Each)

 X 
12 Year Education on Vouchers
Over $1.2 million generated in voucher money

Examples adopted from Institute for Quality Education SGO
 - the Scholarship Granting Organization for the Archdiocese - 
More about the Tax Credit Scholarships and the Indiana School Vouchers can be found HERE.

THE  20th ANNUAL
CELEBRATING CATHOLIC SCHOOL VALUES EVENT
MONDAY, OCTOBER 26
AT UNION STATION, INDIANAPOLIS! 

The 20th annual Celebrating Catholic School Values: Scholarship and Career Achievement Awards event was held at the Crowne Plaza Union Station in Indianapolis on Monday, October 26, 2015.  The celebration featured keynote speaker, Rev. Timothy R. Scully, C.S.C.  Father Scully is the Hackett Family Director of the Institute for Educational Initiatives and is the founder of the Alliance for Catholic Education (ACE) at the University of Notre Dame.

Since 1996, this premier event has highlighted Catholic schools as assets to the corporate community, honored an outstanding group of alumni for their career accomplishments, and honored friends of Catholic schools for their community service.

Click HERE to watch Fr. Scully's Keynote Address

THE 2015 HONOREES WERE:

 ​CAREER ACHIEVEMENT    COMMUNITY SERVICE
                  
 TOM DALE DAVE GEHRICH
   DRS. FRANCIS AND MARIANNE PRICE

The event also raised much needed funding for scholarships to help our low and moderate-income families enroll their children in the Catholic school of their choice and focuses on the importance of Indiana Tax Credit Scholarships. A change in the Indiana School Choice law now allows for Tax Credit Scholarships to apply to income-eligible students already in our Catholic schools from kindergarten through grade 12.  

  Most tickets to the event are distributed as incentives for giving $250 or more.  

Save the Date for the 2017 Event
THURSDAY - FEBRUARY 9, 2017
To learn about sponsorship benefits for the 2017 event,
contact Rosemary O'Brien at robrien@archindy.org

Interested in donating to provide a scholarship for a child to attend the school of his choice AND receive a 50% credit on your state tax liability? Click HERE.


 Value of Catholic schools to country and Church is indispensable - October 30, 2015
Record $6.1 million raised to send children to Catholic schools - November 14, 2014 
$5 million goal, incentives add up in Catholic education effort - April 2014