The government mandates that every child should be educated. But historically, only well-to-do parents have been able to consistently get their kids access to the best schools.
That’s changing. Below-the-radar programs in several states, including Illinois, are opening doors for the students who need them most.
In August, 2017, the Illinois Legislature passed the Invest in Kids Act as part of a budget package and allocated $75 million for scholarships through tax-credit contributions. This legislation funds scholarships for qualifying low-income students to attend the nonpublic school of their choice.
How it works: taxpayers who donate to state-approved funds like the Children’s Tuition Fund can claim 75% of that funding as a tax credit (so instead of ending up in the normal government pots, it goes straight to schools for scholarships).
For example, if you owe $7,500 in Illinois state income tax and you contribute $10,000 to CTF IL, you eliminate your entire income tax liability because 75% of $10,000 is $7,500. Almost all of your contribution ($9,500) goes to your designated school(s) for scholarships! Both businesses and individuals can participate.
You can make your donation by clicking the button below:Make Your Donation Here