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Illinois Tax Credit Scholarship Program

Do you want to direct your Illinois tax dollars to help deserving students access a scholarship?
Individual taxpayers can direct their contributions to DePaul College Prep.


About the Program:
$75M        Annual statewide cap for total tax credits
75%         Of a total contribution to a SGO is available as a tax credit against an individual's IL income tax bill
$1M          Annual cap per taxpayer

Invest In Kids Act

Illinois enacted the Invest In Kids Scholarship Tax Credit Program in 2017. This program offers a 75 percent income tax credit to individuals and businesses that contribute to qualified Scholarship Granting Organizations (SGOs). The SGOs then provide scholarships for students whose families meet the income requirements to attend qualified, non-public schools in Illinois.

Tax Credit Scholarships

The Tax Credit Scholarship will cover up to 100% of private school tuition up to a maximum of the average Illinois cost to educate which is roughly $13,000.

 

The new Illinois Tax Credit Scholarship Program, made possible by the Illinois Invest in Kids Act, provides donors a unique opportunity to contribute to scholarships that help lower-income families send their children to private schools — while reducing their own tax bill on dollars otherwise owed to the state.  Big Shoulders Fund has been approved to participate as a Scholarship Granting Organization (SGO) through this program, and individuals can designate DePaul College Prep as the recipient of their donation.

Contribute through big shoulders fund

Empower Illinois is an independent 501(c)(3) non-profit SGO responsible for serving approximately 80% of participating private schools statewide; including all of Illinois’ Catholic Dioceses, most area Jewish schools, Lutheran Schools, secular schools and many more. Individuals may direct their donation to DePaul College Prep.

Contribute through empower illinois