Illinois Tax Credit Scholarship Program
Here’s a way to direct your Illinois tax dollars to help provide scholarships to students at De La Salle Institute. The new Illinois Tax Credit Scholarship Program provides donors a unique opportunity to contribute to scholarships that help families send their children to a private school — while the donor receives a tax credit from the State of Illinois.
The program enables individuals and corporations to reserve Illinois income tax credits based on contributions made to Scholarship Granting Organizations (SGOs), such as Big Shoulders Fund, HighSight and Empower Illinois. The organizations then provide scholarships for eligible students to attend private schools. Taxpayers may apply 75 percent of the total contributed as a tax credit against their Illinois income tax bill. For example, a taxpayer making a $1,000 qualified contribution would be awarded a $750 tax credit. The credits are capped at $1 million per taxpayer per year.
As an Illinois citizen, you can help change the life of a young person by contributing to an SGO. You can designate a De La Salle student to receive a scholarship. Big Shoulders Fund, HighSight and Empower Illinois have all been approved by the Illinois Department of Revenue to participate as SGOs for this new tax credit program. For more information about how to reserve your tax credit and make a contribution to an SGO: please contact Big Shoulders Fund at www.bigshouldersfundsgo.org, HighSight Scholars at www.highsight.org or Empower Illinois at www.empowerillinois.org.
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