Tax Credit Scholarship Program
Donating through SGOs
Nativity of Our Savior partners with Institute for Quality Education scholarship granting organization (SGO) which allow donors to make a gift to Nativity of Our Savior that directly benefits our scholarship fund. An Indiana Scholarship Tax Credit is available to individuals or corporations who donate to a SGO for the purpose of supporting students by scholarships. In addition to supporting students by giving them access to a high-quality education; Indiana donors receive a state tax credit of 50% of their donation amount. Donations may also qualify as a charitable deduction on federal tax returns.
Information:
There is no limit or minimum on the size of the contribution. However, the tax credit amount cannot exceed the state tax liability for the current year. (On July 1, 2022 Indiana allocated $18.5 million in tax credits for SGOs to offer individuals or businesses as an incentive to help raise funds for scholarships. To see how many tax credits are still available click here!
Actual after-tax cost will vary based on your individual income tax status.
Donors can carryover unused tax credits for up to nine (9) years.
For more information, visit Institute for Quality Education website. To initiate a stock gift, make a credit card gift or initiate a stock gift please click the donation link. SGO gifts can also be made by check (payable to the Institute for Quality Education).
