SCHOLARSHIP GRANTING ORGANIZATION
$12.5 MILLION IN 2017-2018 INDIANA TAX CREDITS HAVE BEEN RENEWED!
MAKE YOUR GIFT TODAY BY CLICKING HERE
The SGO and Eman Schools
Academic excellence is at the heart of the Eman school’s experience. We believe that every academically qualified student, regardless of their socioeconomic background, deserves the opportunity to learn, grow, explore, and thrive at Eman schools. Your gifts to our SGO support our efforts to make the Eman school experience available to more students, while providing you with an incredible Indiana tax incentive.
The Indiana Tax Credit Scholarship Program
Indiana’s Tax Credit Scholarship program was created as a way to give families who meet income guidelines an opportunity to send their child to a participating non-public school, such as Eman Schools. Donors to the program receive a 50% tax credit on the full value of their gifts and all applicable federal deductions. Students with financial need receive a scholarship to Eman Schools.
The 50% Indiana Tax Credit
This tax savings opportunity is available to donors making a financial contribution to a qualified Scholarship Granting Organization (SGO). For Eman Schools, this SGO is the Institute for Quality Education. A donor’s tax credit is equal to 50% of the donation amount.
The Indiana Department of Revenue has allocated $12.5 million in tax credits for 2017-2018 and $14 million in credits for 2018-2019. There are no limits to how much a donor can contribute, provided tax credits remain available. There is no limit to the number of tax credits a donor can secure to the extent they are available.
The table below illustrates the potential tax savings (at a 33% federal income tax bracket) for making a gift to Eman Schools through the Institute for Quality Education.
| Donation Amount | Indiana Tax Credit (50%) | Federal Tax Savings | Total Tax Savings | True Cost of Donation |
| $1,000 | $500 | $165 | $665 | $335 |
| $5,000 | $2,500 | $825 | $3,325 | $1,675 |
| $10,000 | $5,000 | $1,650 | $6,650 | $3,350 |
| $25,000 | $12,500 | $4,125 | $16,625 | $8,375 |
| $50,000 | $25,000 | $8,250 | $33,250 | $16,750 |
| $100,000 | $50,000 | $16,500 | $66,500 | $33,500 |
* This information is for illustration only. Please contact your personal financial advisors for tax advice.
How to make your gift:
Giving to our SGO is easy.
- Make your gift online today – the fastest and easiest way to do it!
- Download this form and send it with your check to Eman school. We will process your gift with IQE.
- Please make all checks payable to Institute for Quality Education or IQE and write “Eman schools” in the memo line.
- Receive your 50% tax credit on your Indiana state taxes with the certificate from the Institute for Quality Education.
Frequently Asked Questions:
WILL MY EMPLOYER MATCH?
Many do match, but not all! Please check with your human resources department.
WHEN WILL I RECEIVE MY TAX CREDIT?
As long as you make your gift before the state credits expire, you will receive them. The Institute for Quality Education will send the certificate and necessary tax documents directly to you in 4-5 business days. Eman Schools is notified immediately of all gifts.
ARE THERE ANY LIMITS TO THE AMOUNT OF MY DONATION?
There are no limits to how much a donor can contribute to a qualified SGO, however, the entire tax credit program cannot award more than the allocated credits. There is no cap on the number of tax credits a donor can secure to the extent they are available.
For more information, please contact Amr Elzanati at 732-500-5941 or accounting@emanschool.net