Scholarship Granting Organization (SGO)

New tax rules mean your donation goes even further when giving to Marian through our SGO!

A Scholarship Tax Credit is available to individuals or corporations who donate to SGOs for the purpose of supporting Marian students. Any donation made to an SGO designated for Marian will be applied directly to the cost of tuition for incoming or existing students who qualify.

Donations to SGOs are eligible for a 50% Indiana state tax credit that allows donors to minimize state taxes paid for this year’s income. In addition, the donation is eligible for a federal tax deduction.

For example: a $10,000 donation would be eligible for a $5,000 state tax credit as well as a federal tax deduction of $3,000 (depending on tax bracket). Therefore, the net cost of the $10,000 donation may be as little as $2,000. Please consult your tax advisor for specific information relative to your situation.

Notes:

There is no limit or minimum on the size of the contribution, however, there is a statewide maximum of $18.0 million in credits during a fiscal year. (UPDATE: As of 12/21/23 $10,741,651.00 in credits are remaining.)
Student recipients must meet certain family income levels and other criteria set by the state of Indiana.

Gifts can be made via cash, check or stock. To make your gift to the SGO online via credit card, please visit this website. Contact Alicia Redinger at 574.258.7675 or [email protected] if you are interested in making a gift with stock. To make your gift via check, please make your check out to SGONEI. Send it with an accompanying letter indicating your gift to Marian's SGO as well as your contact information and mail it to:

Attn: Karen DeRose

SGONEI

915 South Clinton St

Fort Wayne, IN 46802

(1) The net federal deduction is equal to the contribution less the state tax credit as state taxes are deductible for federal income tax purposes. (2) Actual after tax cost will vary based on your individual income tax status.

The Indiana credit cannot be carried back to prior years but can be carried forward for nine years. Consult your tax advisor to verify your ability to utilize the state tax credit and federal tax deduction.