50% Tax Credit Fund RECHARGED
CELEBRATING A SUCCESSFUL KICK OFF!
In only 10 days we have received $24,350 for our 2017-18 SGO scholarship fund! Our donors are already securing their tax credits through their gifts and ensuring they don't miss out. Most importantly, they are giving more families the gift of a Christian education at Traders Point.
If you plan to support us again this year through a gift to the SGO, we encourage you to give early before the credits are gone. THANK YOU!
Tax Credit Fund Replenished - $12.5 Million
Indiana has replenished the Tax Credit Fund for SGO gifts. 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.