The Indiana Tax Credit Scholarship Program is an innovative component of the state’s education reform policies. The purpose of the initiative is to facilitate an income-eligible household’s ability to send their children (grades K-12) to a tuition-based school like Brebeuf Jesuit. The program is administered by state-certified Scholarship Granting Organizations (SGOs) that award financial assistance to qualified students with funds raised through private contributions.
Brebeuf Jesuit is proud to have partnered with the Scholarships for Education Choice program: Sagamore Institute as its primary Scholarship Granting Organization. Gifts made through Sagamore Institute can be designated to Brebeuf Jesuit and will directly impact need-based aid for incoming or previously enrolled students.
In an effort to increase access to private education opportunities, SGOs are authorized to provide substantial income tax incentives in return for these scholarship donations. As part of the 2011 Choice Bill, Indiana residents and corporations are now eligible to receive a 50 percent state tax credit for all gifts made through an SGO. This allows donors to minimize state taxes paid and also qualifies for a federal tax deduction.
For even more information, check out the SGO Frequently Asked Questions
Give to an SGO through a Qualified Charitable Distribution from your IRA.