St. Frances Cabrini  ___ Catholic School ___

GRACE Scholars

 

What is GRACE?

In 2008, the State of Georgia passed the Private School Education Tax Credit allowing up to $50 million annually of tax money to be used for private pre-K to 12th-grade education.  Georgia taxpayers can redirect part of their tax liability to provide scholarships to incoming students at SFCCS.  The Diocese of Savannah, in partnership with the Archdiocese of Atlanta, is participating in this program through GRACE Scholars.

 

Can I “Take the Credit”?

Any Georgia taxpayer can redirect a portion of their tax dollars.  In addition to the State of Georgia tax credit, this amount also qualifies as a charitable contribution on your Federal tax return.

  • Married, filing jointly up to the lesser of $2,500 (filing separately $1250)
  • Individuals or Head of Household up to the lesser of 1,000.
  • “C” Corporations can take a credit equal to 75% of their taxable income)
  • Pass through entities (S-Corp, LLC, Partnership) lesser of tax liability or $10,000.

 

The easiest way to contribute is to preregister on-line.  Click here to complete the form on-line.  Your registration is submitted to the Department of Revenue for approval.  Upon approval, the DOR will send you a confirmation letter with details on payment.  You can also download a paper form from GRACE.  Print out, complete, sign, and return the form to:

 

GRACE Scholars

2404 Lake Park Dr. SE

Smyrna, GA  30080

 

 

St. Frances Cabrini Catholic School  ▪  11500 Middleground Road  ▪  Savannah, GA 31419  ▪  (912) 925-6249  ▪  info@cabrini-sav.org