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Georgia GOAL Scholarship Fund

Thanks to the support of the St. Benedict's Community, significant funding has been redirected for our Financial Aid Program. 


St. Benedict’s is proud to participate in the Georgia Private School Tax Credit Program. The St. B’s community has an opportunity to redirect their Georgia tax liability to support independent school education – specifically a St. Benedict’s education. Participation in this program allows us to offer need-based scholarships to new St. Benedict’s students.

Georgia GOAL Scholarship Program – Submit your 2022 GOAL Tax Credit Application today!

 

The GOAL Program is a remarkable and important opportunity provided to Georgians by our elected officials.

In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100% state income tax credit!


This is a proven opportunity that is a win-win-win for taxpayer donors, scholarship recipients, and our school community. By simply contributing to Georgia GOAL for a 100% Georgia income tax credit – in other words, by contributing with dollars you must spend anyway, you will help maximize financial aid for deserving families desiring to receive a [School Name] education.

 

Tax Credit Limits Based on Filing Status

 

  • Single individual or head of household – up to $1,000

  • Married couple filing a joint return – up to $2,500

  • Married couple filing separate returns – up to $1,250

  • S corporation shareholder, LLC member, or partnership partner – up to $10,000

  • NEW Opportunity for 2022: S corporation, LLC, or partnership that elects to pay tax at the entity level – up to 75% of Georgia income tax liability

  • C corporation or Trust – up to 75% of annual Georgia income tax liability

 

How to Contribute & Take the Tax Credit

  1. Apply Now:  Complete the 2021 OR 2022 GOAL Tax Credit Application today at www.goalscholarship.org (takes just 20 seconds!).

  2. GOAL Submits to DOR:  GOAL submits your 2021 application to the Georgia Department of Revenue (DOR) immediately, and your 2022 application on the first business day of January 2022.

  3. Approved to Contribute:  GOAL and DOR notify you of approved tax credit amount and payment deadline.

  4. Make Payment:  Pay GOAL by check or credit card within 60 days of DOR approval.

  5. Take the Credit:  GOAL will send you Form IT-QEE-SSO1 (tax receipt) for claiming the credit on your Georgia income tax return (Note: you will take the credit on the income tax return for the year in which you make the payment).

 

Please contact Stephanie Alvarez at s.alvarez@stbs.org with any questions. Thank you for your support of St. B's.

Frequently Asked Questions

What is the Georgia Private School Tax Credit Program?

The state of Georgia sets aside tens of millions of dollars in tax credits for Georgia residents and C Corporations that donate funds to qualified Student Scholarship Organizations (SSOs) each year. The SSOs, which are nonprofit organizations, then grant scholarships for current public-school students and all kindergarten students to attend Georgia private and independent schools like St. Benedict’s.

St. Benedict’s has partnered with an SSO called GOAL to administer this special scholarship program. Designating St. Benedict’s as the recipient, a constituent of the school would donate to GOAL in exchange for a tax credit. The donation, in turn, would become a scholarship grant for a student to attend St. Benedict’s.

GOAL will begin accepting applications for 2022 on June 1, 2021. Click on the following link to submit your application  https://www.goalscholarship.org/  

How does Georgia GOAL work?

Under the law, you can redirect a portion of your Georgia income tax liability to provide financial aid for students of St. Benedict’s. You will receive a tax credit on your state income taxes and a charitable contribution deduction on your federal income taxes for the amount donated. The maximum tax credit-eligible contribution is $10,000 for LLCs, partners in partnerships, and shareholders in S corporations; $2,500 for married couples filing jointly; $1,250 for married couples filing individually; and $1,000 for an individual. Corporations, trusts, and estates can offset up to 75% of their state income tax liability. Please note that a contribution to GOAL designated to St. Benedict’s cannot be counted as a gift to the AcornFund Annual Fund.

Who qualifies for the scholarships?

New, incoming students who are currently enrolled in a public school or any rising kindergarten students are eligible to receive these funds, provided they qualify for need-based financial aid at St. Benedict’s. The St. Benedict’s Episcopal School Financial Aid Office distributes the monies raised through this program as part of their Financial Aid service.

How can I submit my forms online?

To donate for the 2022 year, please visit www.goalscholarship.org by December 31, 2021