What is an SGO?
SGO stands for "Scholarship Granting Organization" which provides scholarship awards to qualifying families to help them afford the school of their choice.
What is the difference between an SGO and a School Choice Scholarship (Voucher)?
SGO scholarships are funded by charitable corporate or individual private donations, not by the state. A qualifying family can receive both an SGO and a School Choice Scholarship (Voucher). If a family qualifies for a School Choice Scholarship, then they qualify for an SGO.
So if we have the School Choice Scholarship - why do we need an SGO?
- SGO's can be applied to 4 year old preschool tuition. (Age restrictions apply)
- As tuition continues to increase to meet school overhead needs (paying teachers appropriately, staffing to meet the needs of diverse learners, having updated technology available to students, ensuring students have updated curriculum and materials, offering a foreign language program, and much more), the SGO can be used to cover the difference between tuition and the School Choice Scholarship.
Why would I donate to an SGO instead of just giving to the school?
The SGO offers its donors a significant tax credit. Individuals, corporations, partnerships, LLCs, PCs, and self-employed are all eligible for the tax credit; in fact, any entity with a state tax liability can receive the benefit from a donation to the SGO.
Example of Tax Benefits (please see your tax professional to verify your particular situation).
Depending on your tax bracket, a donation of $1000 to the SGO could result in:
Donation to SGO $1000.00
50% state tax rebate (-$500.00)
25% federal deduction ($500.00 x 25%=-$125.00)
Net cost to you $375.00
How are SGO funds applied?
Our pastor and administration award SGO grants to an individual family, following income guidelines from the State. (We do ask families to complete a FACTS grant application in order to receive the funds).
If you would like to donate, please make sure you designate Saint John the Baptist, Fort Wayne on the donation form. That ensures the funds come directly to our school. St. John the Baptist Catholic School is especially grateful to our donors who fund the SGO's for us. Without their help and support, this source of aid would not exist for our school.
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