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View the Empower Illinois video
Application ProcessTo make a reservation for a 2022-2023 tax credit scholarship, click here.
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Become a Donor TodayFund a child’s future and support a St. Mary School student with the Illinois Tax Credit Scholarship program. You’ll get a 75% credit on your IL state income tax from your donation. No donation is too large or too small.
Learn more at: https://schools.archchicago.org/curriculum-and-resources/tax-credit-scholarships/donating-to-a-tax-credit-scholarship St. Mary School currently has 24 students on the waitlist including 9 new students! We have the potential to grow our school through your generous donation. Clare Sullivan, from the Office of Catholic Schools, will be presenting on Monday, November 7th beginning at 7:00pm in our Parish Center. Please plan to attend if you are interested in learning more about how you can support this program and a child's future. Every child deserves a high-quality education. Please help a family choose a brighter future for their children by donating to an Illinois Tax Credit Scholarship. Take the first step now: https://schools.archchicago.org/documents/80540/4262901/How-to-Donate-Step-by-Step-Guide_091421.pdf/59971fe4-4108-4183-9e75-4c8ea313007e Reduce Your State Income Taxes…Quadruple Your Donation…Help Families Afford a Catholic Education
The Invest in Kids Tax Credit Scholarship Program provides Illinois children access to new scholarships that could cover up to 100% of tuition – depending on the level of need. Those who contribute to this program will receive an Illinois state tax credit equal to 75 percent of their contribution. This is a great opportunity to support Catholic education and significantly reduce or eliminate your State of Illinois Tax liability at the same time.
Empower Illinois Empower Illinois is an independent 501(c)(3) non-profit SGO responsible for serving approximately 80% of participating private schools statewide; including all of Illinois’ Catholic Dioceses and many more. Empower Illinois is responsible for:
Examples Family A has a combined household income of $141,000. The Illinois income tax rate is 4.95%, so that a family will pay $6,979.50 in state income tax throughout the year. If Family A donates $9.306 to St. Mary School via Empower Illinois, they would receive a 75% income tax credit ($6,979.50), effectively donating only $2,326.50, but our Parish School would receive four times that amount which would send up to 4 students in need to our Parish School. Family B has a combined household income of $250,000. The Illinois income tax rate is 4.95%, so that a family will pay $12,375 in state income tax throughout the year. If Family B donates $16,500 to St. Mary School via Empower Illinois, they would receive a 75% income tax credit ($12,375), effectively donating only $4,125, but our Parish School would receive four times that amount which would send up to 8 students in need to our Parish School. Family A has a combined household income of $500,000. The Illinois income tax rate is 4.95%, so that a family will pay $24,750 in state income tax throughout the year. If Family A donates $33,000 to St. Mary School via Empower Illinois, they would receive a 75% income tax credit ($24,750), effectively donating only $8,250, but our Parish School would receive four times that amount which would send up to 16 students in need to our Parish School. Contact your tax professional as to how the program may benefit you specifically. Donor Process Individuals and corporate donors can reserve tax credits through my.taxillinois.gov by following these steps:
The Empower Illinois Team is also available to assist at [email protected] or 312.534.2617. For more information visit Empower Illinois. |
