STATE TAX CREDIT SCHOLARSHIPS AVAILABLE
FOR FAMILIES WITH NEED
Right now, in the state of Illinois, the Invest in Kids Act is providing scholarship money for thousands of Illinois students (grades kindergarten through high school senior) whose families have chosen a Catholic education for their kids, despite having limited financial resources.
Applications for the 2019-20 school year will open in January through 2 different scholarship granting organizations (SGOs) who are implementing the program for Chicago’s Catholic schools. DO NOT MISS THIS OPPORTUNITY if your family has need!
It is important that you apply through BOTH SGOS as there will be a very high demand and applying through both with improve your changes of being awarded the scholarships.
SEE IF YOU QUALIFY
Check the chart below to see if your household size, crossed with your adjusted gross income, would qualify you for a scholarship at one of the 3 levels available. If you qualify, PLEASE don’t miss this chance to open up the world of Catholic education to your child!
EMPOWER ILLINOIS APPLICATION
The Empower Illinois SGO will open step 1 of its application on Tuesday, January 15 at 7pm. You must be logged on and ready to complete the very simple first step right at that moment. Sign up to receive updates and also read complete application information at www.empowerillinois.org.
If you need assistance, the Empower Illinois Hotline is (309) 416-0741, open Monday-Friday, 7:00AM – 5:00PM Central Standard Time. You may also email email@example.com
BIG SHOULDERS FUND APPLICATION
On Tuesday, January 22 at 8 am the Big Shoulders Fund SGO will open its application, which is a one step process. You must have all of your information ready to input and upload right when you begin at 8 am on January 22. Please watch the video below to see the step-by-step instructions on completing the BSF SGO application on January 22. Then, go to https://www.bigshouldersfundsgo.org to learn more about applying for the state scholarships through BSF and to sign up for updates.
- Please read THIS FACT SHEET about the program. SPANISH VERSION.
- HERE IS A VERY HELPFUL VIDEO WITH VERY CLEAR INSTRUCTIONS
IMPORTANT INFORMATION FOR DONORS CONTRIBUTING TO THE TAX CREDIT SCHOLARSHIP FUND
- Did you know that a donation into the Illinois State Tax Credit Scholarship Program (AKA, Invest in Kids Act) allows you a tax credit (this means you no longer owe it to the state) of 75% of your donation? You still pay 25% of your tax burden to the state, but 75% is credited! For example, if you donate $1,000 toward scholarships, $750 of your Illinois tax burden is credited! That means you no longer owe that $750 to the state of Illinois!
- AND, RIGHT NOW, through February 23, there is a very generous 2-for-1 MATCHING GRANT which will TRIPLE the value of your donation! This means that a $1,000 donation turns into $3,000 in Tax Credit Scholarships for our St. Ferdinand students! And, $750 of that $1,000 was going to be paid to the state in taxes anyway, so you’re really only out $250 and you have provided $3,000 in scholarships!