The Ohio Tax Credit Scholarship Program allows individual taxpayers and pass-through entities to reduce their tax liability – an easy way to increase the impact of your generosity before the year ends – by making a gift to a designated Scholarship Granting Organization (SGO). Andrews Osborne Academy is part of the Ohio Association of Independent Schools, which has created its own SGO.
Through the program, you are able to provide scholarship support to AOA students and receive a dollar-for-dollar tax credit for your gift up to $750 ($1,500 for married couples filing jointly who make separate $750 contributions).
A Scholarship Granting Organization (SGO) is a non-profit 501(c)(3) organization certified by the Ohio Attorney General that receives contributions from donors and awards academic scholarships to eligible K-12 students in Ohio. The organization must prioritize awarding scholarships to low-income students as defined by the state; in this case, that means income below 300% of the poverty level.
The State of Ohio recently enacted legislation allowing a tax credit of up to $750 per individual or $1,500 for married couples filing jointly for donations made to certified scholarship-granting organizations. This credit is available to individuals and pass-through organizations who have an Ohio tax liability. The credit is a dollar-for-dollar credit, but is limited to the lesser of 1) $750 per individual; or, 2) $1,500 for married couples filing jointly; or, 3) your total tax liability.
Ohio taxpayers benefit through a dollar-for-dollar reduction of their state tax liability, while choosing to re-direct those tax dollars in support of Andrews Osborne Academy students at no additional cost to them.
Andrews Osborne Academy benefits from the program by being able to award tuition assistance that prioritizes families in need who seek the opportunity for their daughters to receive an AOA education.
As a member of the Ohio Association of Independent Schools (OAIS), Andrews Osborne Academy may receive SGO contributions through the OAIS SGO. To contribute, visit https://oais.gosgo.co/donations/new and when prompted, choose “Andrews Osborne Academy” from the dropdown menu.
Each donor is personally responsible for maintaining the contribution acknowledgment receipt from OAIS in order to receive the tax credit. Andrews Osborne Academy does not issue tax receipts for the OAIS SGO.
Your OAIS SGO contribution is a re-direction of your tax dollars – which is different than a philanthropic gift. We are grateful to members of the AOA community who choose to take advantage of this tax credit in support of our students. While they are among the many alumnae, parents, faculty, staff, and friends who choose to support AOA in different ways, a contribution to the OAIS SGO is not credited as a philanthropic donation to Andrews Osborne Academy.
We hope that members of our AOA community choose to contribute to the OAIS SGO in addition to their regular philanthropic gifts to Andrews Osborne Academy, since the SGO contribution is a tax opportunity that represents no additional cost to them. If you have additional questions regarding a pledge, please email jfleminggifford@andrewsosborne.org or call 440-942-3600, ext. 235 so that we may assist you according to individual circumstances.
Located In Willoughby, OH, Andrews Osborne Academy is a Private Co-ed Day & Boarding College Preparatory School For Grades Preschool - 12, PG. Students benefit from a challenging academic program, fine and performing arts, competitive athletics, and a wide selection of extracurricular activities.