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Were going to do everything we can to keep that family here. When it was first created in 2017, the program was supposed to last five years, ending in 2022. Visit Tax Credit Scholarship Information for more information, or contact the Tax Credit Scholarship Office at the archdiocese at tcs@archchicago.org or (312) 534-2617. For more information, please visit the Archdiocese of Chicago's Tax Credit Scholarship page. <>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> You'll get a 75% credit on your IL state income tax from your donation. That does not count independent Catholic schools or those operated by religious communities. The school has a capacity of 244 students and would love to accommodate more, McAfee said. The page you are looking for is either no longer available or have moved to somewhere else. All funds designated to the trust are reserved exclusively for scholarships for students in Catholic schools in Cook and Lake counties. To ensure the trust is a long-term source of funding for scholarships, only a portion of its income is disseminated each year through The Phoenix Scholarship Program. Chicago, IL (May 7, 2018) - Today, the Archdiocese of Chicago released a video message featuring Cardinal Blase J. Cupich, Archbishop of Chicago, and Sr. Jean Dolores Schmidt speaking in support of tax credit scholarships. 0000062718 00000 n %PDF-1.5 mVp0l4]^xe 30ag@g Y(`U?>oP~I^#HsZVSNF $ @Q| xmkAwZp}Dmc4/4 Illinois bishops issue letter urging Catholics to save Tax Credit CHICAGO (CNS) Donations for tax-credit scholarships to the Archdiocese of Chicago's Catholic schools are up about 20% this year compared with the same time last year, archdiocesan. 0000008653 00000 n No donation is too large or too small. Catholic Schools TAX CREDIT SCHOLARSHIPS 1-for-1 Matching Program The reason is simple: Donations are accepted all year, but those made in the winter and early spring allow schools to accept students for the following year knowing for sure that they will have a scholarship. H\n0yCBZY+q i(o? The matching gifts are limited to $50,000 per school and are available through the end of February. 0000000816 00000 n Saints & Scholars: An Evening Celebrating Catholic School Excellence. The "Invest in Kids" state tax credit scholarships are funded by taxpayers, who then get a credit to reduce or eliminate their tax liability with the state. When the Tax Credit Scholarship Program began in 2018, three of Ebony's children were able to attend Sister Thea Bowman Catholic School on full scholarships. xohUq]wlN:7 >@} fH% We are writing to urge you to support an alternative plan which includes (1) scholarships to trade schools, (2) an increase in the Invest in Kids tax credit and (3) annual renewals for scholarship students. That means a $500 donation for scholarships at a particular school will triple to $1,500 in scholarship money at that school. Consider applying for your tax credit today. endobj This program: * allows you to direct your taxes where you want them to go * provides financial assistance to low-income families * helps the 19 Catholic schools in the Archdiocese of Oklahoma City, particularly those most in need Maximum Credit Scenarios The samples below are examples based on the maximum state tax credits. We ask you to oppose the Governor's plan and join us. Donations for tax credit scholarships to archdiocesan Catholic schools are up about 20 percent over the same time last year, according to archdiocesan officials. Application process open for tax-credit scholarships - Chicago Catholic Tax Credit Scholarships Invest in Catholic Schools - Fund a Child's Future The Invest in Kids Act's Tax Credit Scholarship Program provides strong incentives for donors to support Illinois children from low-income homes and guarantees a high-quality education at a Catholic school of their choice. For the list of offices and ministries, please go here:https://www.archchicago.org/offices-and-ministries, For the office of catholic schools directory please click here: https://schools.archchicago.org/office-of-catholic-schools, Catholic High School Admission Information, Saints & Scholars: An Evening Celebrating Catholic School Excellence, https://www.archchicago.org/offices-and-ministries, https://schools.archchicago.org/office-of-catholic-schools. 0000004320 00000 n I think donors have been watching whats been happening with schools, Keating said. For information, call 312-534-2617 or email [emailprotected]. This year, Empower Illinois received $9.5 million in cash and commitments designated for archdiocesan Catholic schools between Dec. 1, 2021, and Jan. 6, Keating said, with donation running about 20% ahead of last year. By Regina Waldroup Published May 4, 2023 Updated on May 4, 2023 at 5:29 pm NBC Universal, Inc. Illinois residents are debating the effectiveness of a program that allows students to use. We tell them, If you dont get it this year, you try again next year, Menden said. Donate to a Tax Credit Scholarship Catholic School Board Chair Asks For Your Support - "Invest in Kids" Tax Credit Scholarship Program Watch on We are here to help with the donation process. The matching program, which Keating hopes to repeat in December 2022, makes dollars go even further. Participants hold signs as representatives from over 10 Catholic schools in the Archdiocese of Chicago gathered March 11, 2019, at St. Agnes of Bohemia School for a tax-credit scholarship celebration with Empower Illinois. <> 0000002402 00000 n My husband and I live just outside Chicago with our two children. Through this program: An individual or corporation will receive a 75 percent credit on donations to an SGO. That means making sure they see and hear messages about tax-credit scholarship donations multiple times, and that they understand that they can take 75 percent of what they donate off their state income taxes. The credit may be rolled over for five years. Archdiocesan Council of Catholic Women (ACCW), Immigrant Affairs and Immigration Education, Stock/Mutual Fund Donation Procedures with Letter of Intention, Annual Catholic Appeal Stock/Mutual Fund Donation Procedures with Letter of Intention, Annual Catholic Appeal Stock Gift Letter of Intention, TTWCI Stock/Mutual Fund Donation Procedures with Letter of Intention, Quickly access account information and balances, Send and receive secure messages regarding accounts, Set email alerts for notification of specific transactions or events. The cap on donations $100. Then they come back to the community.. For new users, getting started is easy. Now they need more Illinois residents and businesses to donate to the organizations that grant such scholarships to Catholic school families. Individuals are eligible to contribute through a Scholarship Granting Organization (SGO) and can choose which Catholic school will receive the funds. Tax credit scholarships are awarded on a first-come, first-served basis. The Big Shoulders Fund has supported schools with scholarships for over 30 years! 6 0 obj 7 0 obj (Comenzar el proceso. 0000057262 00000 n endobj How to Apply. Annual Catholic Appeal Stock Donation Procedures. endobj Since then, over $2.7 million dollars and 1,800 scholarships have been given to qualifying students. We, the diocesan bishops of Illinois, write to you on an important matter of public policy and social justice. For more information on scholarship eligibility, click here. Photo provided For Yuridia Carbajal and her family, the Illinois Invest in Kids tax credit scholarship program has been a lifeline. They also offer help to families who want to apply. DESIGNATE the donation to the Archdiocese of Chicago Catholic Schools or a specific Catholic school. Donors who would like to receive the tax credit for their 2022 taxes should begin the process prior to Dec. 15, 2022, to ensure they have enough time to make their gift by the end of the year. This law allows for a 75 percent state income tax credit for any charitable donation to an approved scholarship granting organization (SGO). Archdiocese of Chicago - Tax Credit Scholarship Program In addition, our Catholic schools individually offer financial assistance to help make a Catholic education both affordable and accessible for all those who wish to attend. L.6*,+:K[RxL}"nd$*M,};_[Mi. To review the process, click here. %PDF-1.4 % Brendan Keating, chief development officer for the Archdiocese of Chicago, said that just having the program in its fourth year has made people more aware of it, as has the coverage of Catholic schools providing in-person education throughout the 2020-2021 school year. For Yuridia Carbajal and her family, the Illinois Invest in Kids tax credit scholarship program has been a lifeline. endstream Bank Operations. Current users can sign inhere. % Illinois bishops issue letter urging Catholics to save Tax Credit This year, in mid-January, when the school offered help filling out the application forms for the third year of the scholarship program, more than a half-dozen parents were waiting at 7:30 a.m. Its not that they dont know how to fill out the forms, said Usauskas, whose school is at 6424 S. Kenneth Ave. Its that this is so important, so critical to them, they want to make sure all their is are dotted and ts are crossed and everything is exactly right.. For more information, please contact me or the archdiocese's Tax Credit Scholarship Office at tcs@archchicago.org or 312.534.2617. Donations dropped to about $41 million last year. REGISTER for a MyTax Illinois account onmytax.illinois.gov. Phoenix Scholarship. Region to which he/she plans to donate (choose region 1 or 2 for. The increase is likely because more people are aware of the program, known as Invest in Kids, which allows Illinois income taxpayers to make a donation to a scholarship-granting organization and then take 75% of that donation off their state income tax bill, and people are aware of the work Catholic schools have done to provide safe, in-person education during the COVID-19 pandemic, archdiocesan officials said. However, another 4,000 students remain on the wait list for a scholarship. To receive a full scholarship, a family of four cannot have an income of more than $48,500. How A Group You've Never Heard Of Now Controls $33 - WBEZ Chicago The scholarship is awarded to families in need of financial support to continue placing their child or children in Catholic school. (Karen Callaway/Chicago Catholic). Donations are capped at $75,000 per school and other limitations apply. The scholarship may be renewable annually based on a continued demonstration of need and meeting other criteria. ;:iseYF~lke[aoykoEvh0^vs}s"WOfZDoUz-`g:,f Mes">R}&{ It and a scholarship-granting organization run by the Big Shoulders Fund are the two preferred organizations that work with schools in the archdiocese. <> If you have questions, please contact the Tax Credit Scholarship Office at the Archdiocese of Chicago at tcs@archchicago.org or 312.534.2617. Under Invest in Kids, donors who give $1,000 towards scholarships will get back $750 when they pay their taxes, meaning they are only $250 out of pocket. This law allows for a 75 percent state income tax credit for any charitable donation to an approved scholarship granting organization (SGO). endobj Chicago, IL 60690-1979 312.534.8393 F: 312.534.8302 [email protected] Evelina Dadal Senior Administrative Assistant 312.534.5293 F: 312.534.8302 [email protected] Jim Hennessy Director, Financial Planning & Analysis 312.534.8063 [email protected] Shannon Miller Manager, Treasury & Banking 312.534.5399 [email protected] Tony Dinolfo Bank . Chicago - (Dec. 1, 2021) - Today, the Archdiocese of Chicago released a video message featuring Cardinal Blase J. Cupich, archbishop of Chicago, and Catholic school families speaking in support of tax credit scholarships. Receive fixed payments for life - for yourself or a loved one age 60 or older. 3 0 obj 0000004718 00000 n This program: * allows you to directyourtaxes where you want them to go * provides financial assistance to low-income families * helps the 19 Catholic schools in the Archdiocese of Oklahoma City, particularly those most in need. Your Impact - Stewardship and Development - archchicago.org The financial assistance and scholarship application processes are handled at the local school level. 4 0 obj The first Phoenix Scholarships were awarded from the Catholic Education Scholarship Trust for the 2016-17 school year. Catholic Education Scholarship Trust, Strengthening Catholic education was a key element of To Teach Who Christ Is Campaign, with over $150 million in campaign funds pledged to the Catholic Education Scholarship Trust. <> About 2,970 Catholic school students in the Archdiocese of Chicago received scholarships averaging $5,965 for this school year, Sullivan said. More than 11,000 scholarships have been awarded since the program began in 2017. That includes 138 archdiocesan schools, along with independent Catholic schools and those operated by religious communities. Please contact us at[emailprotected]or 312.534.2617 to speak with the Tax Credit Scholarship Office at the archdiocese. Holter is hoping the matching gifts which could amount to between $4 million and $5 million will help drive that total up. The following Archdiocese of Chicago Catholic schools are eligible for the 1-for-1 match through the Invest In Kids Tax Credit Scholarship Program. St. Nicholas families and board members work to share the schools story and encourage people to donate for tax-credit scholarships, Menden said, including helping them through the process, which has several steps. endobj Supporters of tax credit scholarships take their stories to Springfield For Yuridia Carbajal and her family, the Illinois Invest in Kids tax credit scholarship program has been a lifeline. The Tax Credit Scholarship program (TCS) awards scholarships to students whose families would not otherwise be able to afford Catholic school tuition. To try to make more scholarships available, a group of donors in the Archdiocese of Chicago have banded together to offer a two-to-one matching gifts to any donations made to Empower Illinois, a scholarship-granting organization, as long as those donations are earmarked for Catholic schools in the Archdiocese of Chicago. #O?8Y\sc+T,t>|9;g4 @_x. |y`wH{_ ?iDKR Q.-SZ 0HK&SZB h&CSZss}G x@, j )MPFt&`F)MPH4A DtHK+Rt'A >wuf>,%MO90= j ,U "r|1^>KP_ Ii~d Sh-ZbDw0FtU `*0cYjd)-,=T`FqK+F tFduQ j:6 S3Yd+;#vm:O{J{J;YX ~2n;_i[]bs>c {o"WOo;g9U@()";?l[q_E#2 v._,zspf6m(ry LJQcF:?O#/YD/F;o {6)=ta4 jO v=py;?Lo-p Nw.A:rOJNuvfur35*wJ>WR1 ` DZ|C^=`mr_o^= HIaMsN-?F]bv6/=VnK;O vH\;ctY {7Y@Kp5nL)m-&_ & B/,5!l@i&KiwZ{ >6fu]m Us They had people lined up and ready to donate on Dec. 1.. This year, eight major donors provided $5.2 million in matching funds. For example, if a person donates $10,000, they will receive a state tax credit of $7,500. hb```e``~"@ (IJ1''(XYC+:@*30242a\x5U.l{%30j3@s00iF ` endstream endobj 10 0 obj <>>> endobj 11 0 obj <> endobj 12 0 obj >/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 234>>/PageWidthList<0 612.0>>>>>>/Resources<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 13 0 obj <> endobj 14 0 obj <> endobj 15 0 obj <>stream Through this program: An individual receives a 75% state tax credit on donations. <> It really is a win-win situation.. Individuals can reserve tax credits throughmytax.illinois.govby following these steps. 0000012125 00000 n To donate to a Tax Credit Scholarship, review the process here. (Karen Callaway/Chicago Catholic). Especially now that were in the application phase for next year, Holter said. Its been an opportunity to increase our enrollment. We are here to help with the donation process. 0000001212 00000 n qW. No donation is too large or small. endobj 11 0 obj <>>> endobj . 0000005207 00000 n 0000009464 00000 n Donors match gifts to tax-credit scholarships for - Chicago Catholic We are here to guide you through the process. . However, many students remain on wait lists hoping that a scholarship will help fund their Catholic school education. Who is eligible to receive a scholarship? Theyve been very impressed by Catholic schools commitment to providing safe, faith-filled, in-person education. Financial Services - Archdiocese of Chicago - archchicago.org <> Donate to a Tax Credit Scholarship - Catholic Schools The Invest in Kids Act's Tax Credit Scholarship Program provides strong incentives for donors to support Illinois children from low-income homes and guarantees a high-quality education at a Catholic school of their choice. Its more difficult than we anticipated to make potential donors aware. As many of you know, four years ago Democrats and Republicans worked together to pass the Invest in Kids Act on a bipartisan vote. How It Works: Make a gift of $10,000 or more to the Archdiocese of Chicago. Tuition / Financial Assistance - Saint Ferdinand Catholic School 0000007410 00000 n Frequently Asked Questions - Catholic Schools A gift or pledge may be made at anylevel that fits your circumstances. If you are a prospective Catholic elementary school parent, the first step is to identify the preferred school for your child.