S COMMUNITY, SIGNIFICANT FUNDING HAS BEEN REDIRECTED FOR ST. BENEDICTS FINANCIAL AID PROGRAM THROUGH THE GEORGIA PRIVATE SCHOOL TAX CREDIT PROGRAM.
St. Benedicts is proud to participate in the Georgia Private School Tax Credit Program. The St. Bs community has an opportunity to redirect their Georgia tax liability to support independent school education specifically a St. Benedicts education. Participation in this program allows us to offer need-based scholarships to new St. Benedicts students.
What is the Georgia Private School Tax Credit Program?
The state of Georgia sets aside tens of millions of dollars in tax credits for Georgia residents and C Corporations that donate funds to qualified Student Scholarship Organizations (SSOs) each year. The SSOs, which are nonprofit organizations, then grant scholarships for current public-school students and all kindergarten students to attend Georgia private and independent schoolslike St. Benedicts.
St. Benedicts has partnered with an SSO calledGOALto administer this special scholarship program.Designating St. Benedicts as the recipient, aconstituentof the school would donate toGOALin exchange for a tax credit. The donation, in turn, would become a scholarship grant for a student to attend St. Benedicts.
GOALwill begin accepting applications for 2019 on June 1, 2018. Click on the following link to submit your application
Under the law, you can redirect a portion of your Georgia income tax liability to provide financial aidfor students of St. Benedicts. You will receive a tax credit on your state income taxes and a charitable contribution deduction on your federal income taxes for the amount donated. The maximum tax credit-eligible contribution is $10,000 for LLCs, partners in partnerships, and shareholders in S corporations; $2,500 for married couples filing jointly; $1,250 for married couples filing individually; and $1,000 for an individual. Corporations, trusts, and estates can offset up to 75% of their state income tax liability. Please note that a contribution toGOALdesignated to St. Benedictscannot be counted as a gift to theAcornFundAnnual Fund.
New, incoming students who are currently enrolled in a public school or any rising kindergarten students are eligible to receive these funds, provided they qualify for need-based financial aid at St. Benedicts. The St. Benedicts Episcopal School Financial Aid Office distributes the monies raised through this program as part of their Financial Aid service.
To donate for the 2019 year,pleasevisitby December 1, 2018.
Main Campus (preschool – 3rd Grade) – 2160 Cooper Lake Road SE. Smyrna, GA, 30080
South Campus (4th – 8th Grade) 4295 Weaver St. Smyrna, GA 30080