The Illinois Tax Credit Scholarship Program, “Invest in Kids,” provides a 75 percent Illinois state income tax credit to individuals and corporations that contribute money to a non-profit Scholarship Granting Organization (SGO). The SGOs award scholarships to eligible students from low-income families. Donors will use money already owed to the state (taxes) and donate it to a needs-based scholarships instead, all while receiving a 75 percent state tax credit.
Through this program:
Beginning on January 2, 2018, individual and corporate donors will be able to reserve tax credits through mytax.illinois.gov. Visit https://schools.archchicago.org/donating-to-a-tax-credit-scholarship for more information.
Through the “Invest in Kids Act,” Illinois children from low-income households who want to attend private schools will have access to new scholarships. The scholarships offered through this program could cover up to 100 percent of tuition and eligible fees for next school year*. Visit https://schools.archchicago.org/applying-for-a-tax-credit-scholarship for more information.
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