Oldenburg Academy
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Giving to an SGO - Tax Credit Scholarship


IMPORTANT NOTICE TO DONORS
 
Thank you so much for considering a donation to Oldenburg Academy through our partnership with the Institute for Quality Education.  If you have any questions, please feel free to contact Annette Hunger at 812-934-4440 ext. 231.
GIVING TO AN SGO

Oldenburg Academy is proud to partner with the Institute for Quality Education, a scholarship granting organization (SGO), which allows donors to support private education through tuition assistance AND receive a substantial Indiana tax savings of 50% of the donation (in addition to a Federal tax deduction).

So how does and SGO work?

Instead of donating directly to the school, you give a gift to the Institute for Quality Education, designating Oldenburg Academy as the beneficiary.

The Institute distributes the money you donated to Oldenburg Academy, to be used for tuition assistance for families at OA who apply and are qualified for the grant.

As an Indiana resident, you would qualify for an Indiana tax credit equal to 50% of your donation. In addition, 50% of your donation is eligible for existing federal tax deductions. Depending on your personal circumstances, this can result in substantial tax savings, greatly reducing the actual cost of your contribution. It is recommended that you consult your tax advisor for details.

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OLDENBURG ACADEMY of the IMMACULATE CONCEPTION
1 Twister Circle   PO Box 200   Oldenburg, Indiana 47036   812.934.4440
Sponsored by the Sisters of St. Francis - Oldenburg, IN
Copyright 2016