Scholarship Granting Organization (SGO)

The SGO and St. Richard’s

Academic excellence is at the heart of the St. Richard’s experience. We believe that every academically qualified student, regardless of socioeconomic background, deserves the opportunity to learn, grow, explore, and thrive at St. Richard’s. Thanks to the generous support of our donors, we can provide nearly $1 million in financial assistance each year. Your gifts to the SGO support our efforts to make the St. Richard’s 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 St. Richard’s Episcopal School. 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 St. Richard’s. 

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 St. Richard’s, this SGO is the Institute for Quality Education. A donor’s tax credit is equal to 50% of the donation amount. 

For the period of July 1, 2024, through June 20, 2025, $18.5 million in state tax credits are available to donors. There are no limits to how much a donor can contribute, provided tax credits remain available. To check how many tax credits remain available, click here. 

How to make your gift 

Giving to our SGO is easy. 

1. Make your gift online today - the fastest and easiest way to do it!
2. Download this form and send it with your check to St. Richard’s. We will process your gift with IQE.
3. Please make all checks payable to Institute for Quality Education or IQE and write “St. Richard’s” in the memo line. 
4. Receive your 50% tax credit on your Indiana state taxes with the certificate from the Institute for Quality Education. 

Making a Gift of Stock or Mutual Funds is Easy

If you own appreciated stock, the combination of receiving the 50% Indiana state tax credit while avoiding capital gains taxes is appealing to many donors. The Institute for Quality Education (IQE) has partnered with the National Christian Foundation to accept stock and mutual fund donations. IQE will immediately liquidate the assets, and state tax credits will be based on the liquidation of the assets minus the transaction fees. Please contact John Kroetz in the St. Richard’s Development Office at 317.926-0425 or jkroetz@sresdragons.org to complete additional documents required for a stock or mutual fund donation via the National Christian Foundation. 

For more information, please contact John Kroetz at 317-926-0425.