Support Incarnation Catholic School
OHIO TAX CREDIT SCHOLARSHIPS (CEF – SGO)

See a message from our Development Director, Mike Hoendorf, about this exciting opportunity!

Donate to Incarnation Here through the Catholic Education Foundation

The Catholic Education Foundation for the Archdiocese of Cincinnati (CEF) has been certified by Ohio as a scholarship-granting organization (SGO). In keeping with the mission of CEF and the regulations of an SGO, CEF-SGO provides financial-need-based scholarships to students in grades K-12 within the Catholic schools of the Archdiocese of Cincinnati.

Supporting students and their formation through Catholic Education is a great way to share our blessings and faith with younger generations. The CEF-SGO now allows for Catholic education supporters to be able to receive a tax credit for their generosity.

Ohio taxpayers who donate to SGOs may be able to claim a dollar-for-dollar, non-refundable tax credit on their state income tax return for up to $750 per donor (up to $1,500 if married and filing jointly). (See section 5747.73 of the Ohio Revised Code.)

 

• Tax information:
  • If you make $40,130 or more:
    • you can donate $750 to the CEF-SGO
    • and get your $750 back in your tax refund.
    • Both you and your spouse can each donate $750 for a total of $1500, if you file jointly and make $74,356 or more together. If you file separately, then the $40,130 applies to each of you.  Either way, if you both decide to donate, you should make two separate donations/transactions.
  • If you make less than $40,130:
    • Your donation should be based on the amount of Ohio income tax you generate, if you want a one-for-one tax credit.
    • Those who make $26,050 or less do not pay an Ohio income tax, so a tax credit is not useful.
    • From $26,051 to $46,100, your Ohio income tax is calculated using this formula: $360.69 + 2.765% of excess over $26,050. Therefore, if you are in this income bracket, you should do the math and donate whatever Ohio tax you will owe.
  • How the SGO will help Incarnation:
    • Give tuition assistance to any family that needs support, no matter the reasoning throughout the school year
    • Help us in our process of strategically funding Incarnation School now and into the future.

 

Additional Parent Information Sessions are scheduled for the evening of Thursday, December 7 and after the all school Mass on Friday, December 8. More information to be communicated after Thanksgiving.

 

For more information or questions about this exciting opportunity, contact:

Mike Hoendorf – Development Director

937-433-1188 ext. 212 or mike.hoendorf@incarnation-parish.com