I hate to be the Scrooge-bearer of bad news, but the SGO credits are gone. Finished. We are out of coal for Bob Cratchit’s office. For those wanting to support scholarships and receive the 50% state tax credit, you will have to wait until July 1, 2017 to make your gift.
What does this mean? The Bah Humbugs:
- We received a number of donations late Friday, Saturday, and even Sunday (online credit/debit gifts). Since the Indiana Department of Revenue accepts SGO credit requests on a “first-come, first-get” basis, when they opened their emails this morning, they started down the list and many of these last-minute donations were too late.
- We will return checks and refund credit/debit card payments to these donors, strongly encouraging them to make their gift again in July. Per DOR rules, we cannot accept a gift and then hold the gift until July 1. (We hate returning gifts as much as Ebenezzer hated giving to charity.)
- If you have an autopay that sends us donations every month, you will need to suspend those payments until July 1.
What is next? The Ghost of Christmas Futures:
- The Lutheran SGO of Indiana staff will continue to process non-credit gifts (matching gifts and gifts from donors not wanting the credit.)
- We still have two scholarship application due dates of January 15 and March 15.
- The 2016-17 fiscal year will be the 5th year of operations for our SGO, and we plan a few announcements to celebrate this milestone.
- We will be working with our School Choice partners to raise the credit amounts next and year and into the future, and may need your help convincing State House Scrooge’s to free more credits for more scholarships; the more we raise, the more families we can help!
- We will still be available for questions (and answers!), donor presentations, etc. so keep calling and emailing.
On the bright side, by going through $9.5 million in SGO credits, donors in Indiana have supported scholarships for families to attend non-public schools to the tune of $19 million. WOW. And, most of our schools raised the same or more than they did last year in less time than last year. We are therefore proud of our schools’ efforts to “get the word out” and start their fundraising efforts as early as the did.
God bless us, every one!