sjs header logo2014
How can you make a $1000 scholarship contribution with only $250?

With a contribution to the Scholarship Granting Organization of Northeast Indiana  (SGONEI) the donor (individual or business) becomes eligible for a 50% credit (i.e.-REFUND!) against their State of Indiana tax liability. The SGO scholarship allows St. Jude School to give scholarships to qualifying students. Our goal this year is to raise almost $55,000 in support of 28 students.

The SGO is a winning program for donors, students, and St. Jude School. In addition to the state tax credit, contributions are tax deductible on the Federal form as well. It is IMPORTANT to make your contribution NOW, not only because the end of the tax year is approaching, but because there is a cap to the total amount of credits that may be claimed statewide and it is possible this year’s contributions may hit the cap.

To make your contribution, contact Steve (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Mary (This email address is being protected from spambots. You need JavaScript enabled to view it.) ASAP!

Here is a sample contribution plan:

$1000 – SGO contribution
---------------------------------------
($500) – State tax credit*
($250) – Federal deduction**
---------------------------------------
$250 – Net “cost” to donor

*Tax credits may be carried over to subsequent years
**Based on a hypothetical 25% federal tax bracket. Please consult your tax advisor about your own situation.