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SGO (Scholarship Granting Organization)

Tax credits for 2016-2017 have expired. Please check back July 1, 2017.

Thanks to Indiana’s tax credit program, donors can receive incredible tax incentives by making gifts to St. Richard's through our qualified Scholarship Granting Organization (SGO), the Institute for Quality Education (I4QED). Qualified donors receive a 50% Indiana tax credit for their donation and the school receives much needed funds for financial aid.

This opportunity is available to individuals and businesses who donate through the Institute for Quality Education, and will ultimately allow a low-income student, who otherwise may not have the opportunity, to attend St. Richard’s.

The table below illustrates the potential tax savings (at a 33% federal income tax bracket) for making a gift to St. Richard’s 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.

If you have any additional questions regarding the SGO Program, or would like to discuss giving to St. Richard’s through this initiative, please contact the development office by calling 317-926-0425. If you are ready to support St. Richard’s today, please click here to be directed to the Institute for Quality Education’s homepage. Click donate in the upper-right corner of the screen, find “Saint Richard’s Episcopal School” in the list of available schools, and enter the remaining details for your donation.

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