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2:38 Scholarship Granting Organization (SGO) Featured
New tax rules mean your donation goes even further when giving to Marian through our SGO!
Uploaded Oct 26, 2022
A Scholarship Tax Credit is available to individuals or corporations who donate to SGOs for the purpose of supporting Marian students. Any donation made to an SGO designated for Marian will be applied directly to the cost of tuition for incoming or existing students who qualify.
Donations to SGOs are eligible for a 50% Indiana state tax credit that allows donors to minimize state taxes paid for this year’s income. In addition, the donation is eligible for a federal tax deduction.
For example: a $10,000 donation would be eligible for a $5,000 state tax credit as well as a federal tax deduction of $3,000 (depending on tax bracket). Therefore, the net cost of the $10,000 donation may be as little as $2,000. Please consult your tax advisor for specific information relative to your situation.