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SGOs and the One Big Beautiful Bill
The OBBB creates a $1,700 tax credit for individual donors giving cash to a School Granting Organization that funds k-12 education. This starts in 2027 and each state must decide to opt-in. The WI governor has already decided to opt-out. We are hopeful the loss of revenue in the state, since people will donate to other states to receive the deduction, will lead to a change of heart.
There will be many organizations competing for these dollars in WI. Currently, the North and South WI district offices are considering a shared Lutheran SGO for the state, run collaboratively to minimize expenses and streamline marketing. Even though WI may never opt-in, we want our Lutheran schools to have the opportunity to benefit from this on day one if it becomes available. More to come.
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