2410 S. 9th St. Lafayette, IN 47909 765.474.7500

Scholarship Granting Organization (SGO)


New Indiana tax rules mean your donation goes even further when giving to the Lafayette Catholic School System through a Scholarship Granting Organization (SGO)!

Click here to download the SGO Donor form! 

The LCSS Scholarship Granting Organization allows our donors to make gifts that directly benefit the scholarships awarded to our students who are most in need.

A School Scholarship Tax Credit is available to individuals or corporations who donate to SGOs for the purpose of supporting Lafayette Catholic School System students. Any donation made to an SGO designated for the Lafayette Catholic School System will be applied directly to the cost of tuition for incoming or existing students who qualify. Student recipients must meet certain family income levels and have been enrolled in a public school or have received an SGO scholarship or Indiana School Voucher the previous year.

All donations to SGOs are eligible for a 50% state tax credit (not a deduction) that allows donors to maximize state taxes paid for this year’s income. In addition, the balance of the donation is eligible for a federal tax deduction. Below are several examples.

 

Additional Information:

  • There is no limit or minimum on the size of the contribution. However, the tax credit cannot exceed the State’s total credits awarded for the current fiscal year (July 1 – June 30). To see how many state tax credits are available click here.
  • Actual after tax cost will vary based on your individual income tax status. Consult your personal tax advisor for assistance.
  • Donors can carryover unused tax credits for up to nine (9) years.

Please contact Matt Buche if you are interested or have questions regarding this wonderful opportunity to continue to complete the mission of the Lafayette Catholic School System.

The Lafayette Catholic School System’s SGO partner is the Institute for Quality Education.

SGO gifts can be made by check (payable to the Institute for Quality Education), stock (see non-cash assets) or credit card (one time donation or monthly).

 

 


Leave a Reply

Your email address will not be published. Required fields are marked *