Indiana has one of the most aggressive, yet little known tax-savings programs for donors that support scholarships for qualifying students. Donors receive a state tax credit valued at 50% of their gift amount.
When you give to a Tax Credit Scholarship through our SGO, you can double or nearly triple (if you itemize deductions on your federal tax return) the gift you originally planned – for a similar out-of-pocket cost.
Tax Savings Examples
The table below illustrates the potential tax savings by making a gift to a scholarship-granting organization.
|Your Gift||Your True Cost|
Please consult your tax advisor for implications on your giving and tax situation. This communication is for informational purposes only.