Tax Credit Scholarships
Illinois’ tax credit scholarship program through the “Invest in Kids” Act provides strong incentives for donors to support non-public school scholarships for low-income students in the state. Illinois students from low-income families may use these new scholarships to attend a non-public school of their choice, including the more than 200 Archdiocese of Chicago Catholic schools in Cook and Lake Counties.
Donating to a Tax Credit Scholarship
In 2019, more than 2,300 students were awarded scholarships, however more than 11,000 students remain on the wait list without a scholarship. Many more students could benefit from your generosity. The need is great. Your gift through a tax credit scholarship provides a high-quality, faith-based education for generations of students to come.
Consider applying for your tax credit today. To review the process, click here.
Empower Illinois (2:1 match opportunity available now)
Big Shoulders Fund
For general information about the tax credit scholarship program and donations, contact us at 312.534.2617 or email@example.com
Triple Your Impact Opportunity
To help donations have even more impact in 2020/21, several donors have agreed to pool their resources and offer a 2-for-1 matching gift program to the more than 160 schools run by the Archdiocese of Chicago. The matching pool fund is at $3.36 million with funds still being raised. This means for every dollar designated to a qualifying school through the Empower Illinois scholarship granting organization between Dec. 1, 2019 and Feb. 29, 2020, the school will receive two dollars in matching funds. The donations are capped at $50,000 per school. For a list of eligible schools click here.
The program will end when all matching funds have been depleted or on Feb. 29, 2020, whichever comes first. After April 1, 2020 any matching gift program funds that are not awarded at a designated school will be reallocated to eligible students at schools with unmet demand. Donors who would like to receive the tax credit for their 2019 taxes should begin the process prior to Dec. 16, 2019 to ensure that they have enough time to make their gift by Dec.31, 2019.
Applying for a Tax Credit Scholarship
Applications for the 2020/2021 school year will open in mid-January. For more information on applying, including frequently asked questions and scholarship eligibility, click here.