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Georgia Private School Tax Credit

Georgia Private School Tax Credit

Through The Cloverleaf School’s partnership with Apogee Scholarship Fund, you can REDIRECT, at no cost, Georgia income tax dollars to The Cloverleaf School. This year, only $58 million of tax credits will be awarded on a first come, first served basis. There has been a dramatic jump in Georgia taxpayers taking advantage of this program as it has gained momentum and it is expected that the 2014 $58 million cap will be exhausted in late March or early April.

What is Apogee Scholarship Fund?
Apogee Scholarship Fund is a state registered SSO (Student Scholarship Organization) as well as a 501c3 non-profit organization whose primary functions are to facilitate the process of distributing tax credits in exchange for contributions and to disburse those funds for private school tuition scholarships.

How does it work?
To participate in this program, you must pre-pay your taxes (or a portion of your taxes) through a contribution to Apogee Scholarship Fund. When you make a contribution to Apogee Scholarship Fund, you will receive a dollar-for-dollar GA tax credit which comes to you in the mail as a voucher for the amount of your contribution. This opportunity is open to anyone that has Georgia tax liability (i.e. grandparents, family, friends, etc).

 Is there a limit of how much I can give each year?
Yes, the amount you give is limited by your tax filing status:

  • Individual Filer: Maximum of $1,000
  • Married Filing Jointly: Maximum of $2,500
  • Married Filing Separately: Maximum of $1,250
  • Individuals who receive pass-through income can contribute up to $10,000
  • C-Corportation: Up to 75% of GA tax liability

 

Who qualifies to receive the scholarship?
Parents or guardians interested in applying for ASA tuition assistance should contact the school. The state of Georgia has defined parameters as to who is eligible to receive tuition assistance through this program:

  • Children eligible to enroll in a GA qualified (public) school Pre-K, Kindergarten, or 1st grade.
  • Students who are currently enrolled at GA public school. Apogee policy requires that a student must have attended at least 45 days of public school in order to be considered eligible.
  • Home School students, KIPP School students, Charter School students

 

EASY TO PARTICIPATE!

Paperless Process

2013 Previous Applicant Process

Individual Paperless Process

Corporate Paperless Process

Pass-Through Process (LLC, S-Corp, Partnership)

 

Paper Process

Complete forms to pre-apply for 2014 and then mail, fax, or email your completed and signed forms to Apogee.

Apogee Scholarship Fund
3330 Cumberland Blvd., Suite 400
Atlanta, GA 30339
scholarships@apogeescholarships.org
Fax (404) 419-7101

 

For additional filing instructions, please visit www.apogeescholarships.org or contact our ASF representative, John Panessa at (404) 419-7123 or at jpanessa@apogee360.com.

Links

 

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