? Illinois Tax Credit Scholarship - Important Information for Marian Catholic Families
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Illinois Tax Credit Scholarship

Illinois Tax Credit Scholarship, Marian Catholic, Scholars with a soul

The Illinois Invest in Kids Act, passed by the Illinois state legislature, was designed to create a more equitable formula for school funding. It includes a provision that has the potential to provide increased scholarship funding for families who choose to enroll their children at private schools including Marian Catholic. The provision allows individuals and corporations to donate to scholarship granting organizations (SGOs) and receive a 75% credit against their state taxes in return. The SGOs will then use the donated funds to grant scholarships to qualifying Illinois students to attend the private school of their choice.

Individuals may direct their donations to any private K-12 school in Illinois, including Marian Catholic. However, they cannot direct their donation to a specific student. Corporate donations will be placed in a general scholarship fund to be divided among all families applying for a scholarship, including Marian Catholic families.

Donations are capped at $1 million per taxpayer per year. The total number of tax credits statewide is capped at $75 million per year (or $100 million in donations).

Since opening earlier this year, Illinois taxpayers have contributed over $38 million to authorized SGOs. While that may seem like a significant number, consider that more than 45,000 families statewide applied for tax credit scholarships including over 400 eligible Marian Catholic families. Clearly, the demand for a quality education, like that offered at Marian Catholic, is high.

Over $13 million in tax credits remain available in Region 1 (Marian Catholic's region). Thank you to all those who choose to participate in the program. You will not only get the benefit of a tax credit, but also the satisfaction in knowing you are investing in the future of a child.

Detailed instructions on how to participate in the Illinois State Tax Credit Scholarship Program as a donor. 

Visit the Illinois Invest in Kids Web Site

The Illinois Department of Revenue has approved the following Scholarship Granting Organizations (SGOs) for Region 1 (Marian Catholic's region). They include:

Organization

Applications
Open

Website

Application
Site

Empower Illinois

Tuesday, February 27 at 7:00 p.m.

Empower Illinois

How Do I Apply?

Big Shoulders Fund

Applications Suspended

Apply at Big Shoulders Fund

Big Shoulder Fund: Forms

Highsight

Applications Suspended

Highsight.org


ASCI Children Education Fund

January 22

ASCI Children Education Fund


Institute for Community, Inc.

TBD

Institute for Community, Inc.

Apply: Institute for Community, Inc.

Children at the Crossroads Foundation

Applications Suspended

Children at the Crossroads Foundation: Invest In Kids


Urban Prep Foundation

TBD

Urban Prep Foundation


Chicago Minority Supplier Development Council

TBD

Chicago Minority Supplier Development Council



Information for Families 

Tax Credit Scholarships have the potential to increase the scholarship funds available to Marian Catholic families beginning with the 2018-19 school year.  While not all families will be eligible for the new scholarships, we want to make sure everyone is aware of the opportunity. It is important that families who do qualify for the scholarships fully understand the process before applications open since scholarships will be awarded on a first come, first served basis

Tax Credit Scholarships have the potential to cover 50%, 75%, or 100% of tuition and eligible fees depending on household income. A document highlighting the key elements of the scholarship program, including a chart outlining qualifying income levels, is available via the links below. 

The Chicago Archdiocese has also compiled a list of Frequently Asked Questions regarding the Tax Credit Scholarships.

Families are encouraged to apply to multiple SGOs to increase their scholarship opportunities. Updated information will be posted on a regular basis. 

Tax Credit Scholarship Highlights (English)

Tax Credit Scholarship Highlights (Español)


Information for Donors

  • Donors must establish an account through MyTax Illinois before they can apply for the tax credits. Note: The registration process, which can take up to 10 business days, must be completed before tax credits can be reserved. Those interested in applying for the credits are encouraged to create a MyTax Illinois account as soon as possible at mytax.illinois.gov.
  • The tax credit application is available through MyTax Illinois at tax.illinois.gov.
  • Tax credits will be awarded on a first-come, first-served basis. Approval is automatic as long as the regional and statewide thresholds have not been met.
  • Once your tax credit application is approved, you will be issued a Contribution Authorization Certificate that must be submitted, along with your donation, to the SGO within 60 days. An option to designate your donation to a school or subset of schools (including Marian Catholic) will be available when you make your donation to the Scholarship Granting Organization.
  • Donors will receive a certificate of receipt from the SGO within 30 days of the donation. The SGO will also notify the Department of Revenue that a donation was made.
  • If a donor reserves a credit and does not donate or, gives less than the amount they indicated to the Illinois Department of Revenue, they forfeit their tax credit.
  • Donors cannot take a federal tax deduction for donations associated with the Invest in Kids Act.
  • Credits are non-refundable, but can be carried forward for five years. The Invest in Kids Act will automatically be repealed effective January 1, 2024 if the Illinois legislature does not extend the program.

All of the SGOs including Empower Illinois, the preferred SGO for the Archdiocese of Chicago, are responsible for processing donations from individuals and corporations. If you would like to reserve a tax credit and make a donation to support Catholic education visit:

Specific questions regarding Tax Credit Scholarships can be directed to Sr. Judine Hilbing, OP, Director of Scholarships/Tuition Assistance at 708-996-4624, sjh@marianchs.com.
For Donor Information, please contact Dan Kozlowski, at 708-996-4652 or dkozlowski©marianchs.com.