In order to qualify for a scholarship, a student’s family will have to provide official documentation of their household income. • For students whose household income is less than 185% the Federal Poverty Level, the scholarship will be 100% of tuition and necessary fees, or equal to the statewide average operating expense per pupil, whichever
K-12 students from families with limited financial resources, up to 300 percent of the federal poverty level (or up to 400% for students that received a scholarship in a prior year), are eligible to receive a Tax Credit Scholarship. From January to April, priority will be given to students from each of the following categories:
Individuals may direct donations to a particular school or subset of schools (e.g. Agudah schools), but NOT to an individual student or group of students. Corporate donors cannot restrict their donations. Individuals will direct their donations to the school or schools of their choice when they make a donation to the SGO after they have
The donation process is much simpler than it initially appears to be. For a step-by-step guide, click here: https://agudahstc.org/donate/
A Scholarship Granting Organization (SGO) is an independent 501(c)(3) non-profit organization whose primary aim is to give scholarships to students. Among SGO responsibilities are: • Receiving donations from individuals and corporations; • Receiving and processing scholarship applications from students/families; and • Distributing scholarships to eligible students/families in accordance with the law. • Determining whether students
Yes. The program is capped at $75 million in state tax credits per year. This means that in order for the $75 million cap to be hit, $100 million will have to be donated. A maximum of $100 million in scholarships will be awarded through this program annually to students throughout Illinois.
An individual or corporate donor will receive a 75% credit on their donation. This means that if a donor contributes $10,000, they will receive a state tax credit of $7,500. Donations by both individual and corporate donors are capped at $1.33 million, i.e. a per-donor tax credit of $1 million.