Support our students through the NEW Ohio Tax Credit Scholarship Program
The state of Ohio has recently passed an initiative that can benefit Gilmour and our students. You can make a donation to one of two Scholarship Granting Organizations (SGO) and receive a dollar-for-dollar state tax credit up to $750 annually. This means if your Ohio state tax is equal to or greater than your donation, up to $750, your donation ultimately costs you nothing. If you file Married Filing Jointly, you can receive a credit for $1,500, but each spouse must make an individual donation for $750.
The Ohio General Assembly established a new program whereby Ohioans can receive a 100% tax credit against Ohio income tax liability for cash contributions to certified Scholarship Granting Organizations (SGO) that grant scholarships to students, including those attending Catholic and independent schools. The maximum credit amount is currently $750 (if you file Married Filing Jointly, you can receive a credit for up to $1,500, but each spouse must make an individual donation of $750).
You will claim this credit when you file your state income tax return. The nonrefundable credit will reduce your state tax liability (the amount you owe in taxes). A nonrefundable tax credit limits your tax benefit to no more than what you owe in taxes. The amount of the tax credit you can claim is equal to 100% of the amount you donate up to $750 per taxpayer. If you do not have a state tax liability, you will not receive a tax benefit from your donation.
If you and your spouse file Married Filing Jointly, you can receive a credit for up to $1,500 on your joint state income tax return. If filing together and donating more than $750, please make two separate donations—one for $750 in one spouse's name and the remainder, up to $750, in the other spouse's name.
A Scholarship Granting Organization (SGO) is a non-profit 501(c)(3) organization that receives contributions from donors and grants educational scholarships to eligible students in Ohio. Individuals and entities that contribute to SGOs participating in the program can receive a tax credit. The SGO program was enacted in 2021 as part of Ohio House Bill 110.
Gilmour and our students will benefit from this program by prioritizing scholarships for families with demonstrated need that seek high-quality education opportunities for their children.
Offers taxpayers the ability to reduce their Ohio state tax liability by making a contribution to Scholarship Granting Organizations. This is a dollar-for-dollar tax credit against your tax liability or the tax you owe to the State of Ohio.
As an independent Catholic school in Northeast Ohio, Gilmour Academy is unique in that it is accredited by both the Ohio Catholic School Accrediting Association and the Ohio Association of Independent Schools, allowing us access to both scholarship opportunities. Donors may choose to which fund they donate. Donations made to either fund will be sent to Gilmour Academy and will support our students.
Yes. Donors to the OAIS SGO and the Angel Scholarship Fund have the option of making a contribution that is designated to benefit students at Gilmour Academy. In either case, scholarships to low-income families will be prioritized.
To donate, select either the OAIS SGO button or the Angel Scholarship Fund button on this page. It will take you to the secure donation page, where you will input your information and make your donation. An email confirmation will be sent from the SGO organization (not Gilmour Academy). Once the donation has been processed, the donor will receive a donation receipt.
Any Ohio taxpayer donating directly or through a pass-through entity to the SGO is eligible for the tax credit. A pass-through entity is a S corporation, partnership or a limited liability company treated as a partnership for federal income tax purposes. Visit the IRS website for more information about business structures.
There is no cap on donations to SGOs across the state. Any amount may be donated to the SGO, however, only $750 per individual or entity (if you file Married Filing Jointly, you can receive a credit for up to $1,500, but each spouse must make an individual donation of $750) may be claimed as a tax credit each year.
If you and your spouse file Married Filing Jointly, you can receive a credit for up to $1,500 on your joint state income tax return. If filing together and donating more than $750, please make two separate donations — one for $750 in one spouse's name and the remainder, up to $750, in the other spouse's name.