Scholarship Granting Organization
Maximize Your Impact: New Tax Benefits for SGO Donations to Cathedral
New tax rules make your donation go even further when giving to Cathedral through a Scholarship Granting Organization (SGO)!
Our Scholarship Granting Organization allows donors to support Cathedral by directly funding scholarships for students in greatest need.
Tax Benefits of SGO Donations
A School Scholarship Tax Credit is available to individuals and corporations who donate to SGOs to support Cathedral students. Any donation made to an SGO and designated for Cathedral goes directly toward tuition costs for qualifying incoming or current students. By designating your gift specifically for Cathedral High School, a Cathedral student will have the opportunity to receive a faith-based education.
Key Tax Advantages:
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Donations to SGOs are eligible for a 50% state tax credit, reducing state income tax liability for the current year.
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Contributions are also eligible for a federal tax deduction, further maximizing the financial benefit.
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Benefits of an SGO Gift
Example of Your Tax Savings
A $5,000 donation qualifies for:
- A $2,500 state tax credit
- A federal tax deduction (approx. 30%)
- Net cost of the $5,000 donation could be as low as $1,000
Additional Information
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There is no minimum or maximum donation amount, but the tax credit cannot exceed your state tax liability.
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Indiana allocates tax credits annually for SGOs. View available tax credits.
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Student recipients must meet specific family income guidelines to qualify for an SGO scholarship.
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Actual after-tax savings vary based on individual tax situations.
How to Give
SGO donations to Cathedral can be made via:
- Online via the Institute for Quality Education
- Check (payable to the Institute for Quality Education)
- Stock (see non-cash asset guidelines)
- Donation Form
If donating stock, please contact Nicole Beasley at nbeasley@gocathedral.com to complete required documentation.