TAX CREDITS RUNNING OUT
Don't miss your 50% tax credit this year!
SGO FUND UPDATE
The SGO Tax Credit Fund is moving through credits faster this year than last, and they are already more than half gone. They are expected to RUN OUT by the end of November! If you are planning to take advantage of this opportunity again this year, please be sure to take action soon.
We have already received $131,375 toward our 2017-18 SGO scholarship fund! Donors are making sure they don't miss out on the tax benefit, but most importantly, they are giving more families the gift of a Christian education at Traders Point. Thank you for helping us get closer to meeting this year's goal of $150,000.
If you plan to give via stock gifts, please be sure to start the process prior to November 15th to ensure you receive credits. THANK YOU!
Tax Credit Fund - $12.5M expected to run out by month's end
Indiana replenished this year's state tax credit fund with $12.5 million in available credits. Although the amount has increased every year, the fund has depleted earlier each year. The funds were gone last year by mid-December and due to current activity are expected to run out by the end of November this year. ACT SOON TO SECURE YOUR CREDITS FOR 2017!
2016 - 17 UPDATE
What is the SGO?
Four years ago, Traders Point established a scholarship fund through Sagamore Institute called the SGO. This is a special scholarship that helps qualifying families better afford to send their students to the school of their choice.
Once the SGO Scholarships have been awarded to our qualifying students, we are able to identify our need for the year. Then Traders Point works to raise the needed funds through donations, and Indiana assists by providing a SIGNIFICANT INCENTIVE to our donors for supporting our SGO fund.
How it Works
The program provides a 50% STATE TAX CREDIT to YOU on your donation amount. In addition, the donation is eligible for federal deduction if you itemize. It enables you to give a substantial gift to the school, while also providing benefit regarding your tax liability. For a better idea of the potential savings and impact, see the chart below representing a $1,000 gift.