TOMORROW - 50% Tax Credit RECHARGED
Tax Credit Fund Replenished TOMORROW - $12.5 Million
Indiana will replenish the Tax Credit Fund for SGO gifts TOMORROW, JULY 1st. They have increased the fund by an additional $3 million this year bringing the total to $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. ACT SOON TO SECURE YOUR CREDITS FOR 2017!
2016 - 17 UPDATE
"Giving thru the SGO program is a great way to give, as it provides a tax credit for the donor up to 90% of the gift, while benefiting the school & students 100%. It allowed us to give much more!" ~ Steve Clark, TPCS Parent
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.