st. John’s Jesuit
SCHOLARSHIP GRANTING ORGANIZATION
Scholarship Granting Organization
Welcome to the St. John’s Jesuit Scholarship Granting Organization. We are excited to offer you a new option to support student tuition assistance for those attending St. John’s Jesuit High School & Academy!
In March 2023, the St. John’s Jesuit Scholarship Granting Organization was established. The St. John’s Jesuit Scholarship Granting Organization (St. John’s Jesuit SGO) is a new opportunity for donors who wish to support tuition assistance for St. John’s Jesuit students, to take advantage of the Ohio Tax Credit Program. The funds given to the St. John’s Jesuit SGO will be awarded as scholarships to eligible St. John’s Jesuit students.
Questions? Please see the Frequently Asked Questions section, reach out to your tax advisor, or contact Nick Butler at firstname.lastname@example.org.
Frequently Asked Questions
What is the Ohio Scholarship Tax-Credit program?
In 2021, the Ohio General Assembly established a program that allows Ohio taxpayers to receive a 100% tax credit against Ohio income tax liability for contributions made to a certified Scholarship Granting Organization. The maximum credit amount is $750, or $1,500 if married and filing jointly. The Ohio Tax Credit Scholarship initiative is subject to the rules and directives of the Ohio Attorney General’s Office and is subject to change.
What is a Scholarship Granting Organization?
A Scholarship Granting Organization (SGO) is a non-profit 501(c)(3) organization that receives contributions from donors and grants educational scholarships to eligible students in the State of Ohio. Donors (Individuals and entities) that contribute to Ohio-certified SGOs can receive a tax credit through the Ohio Tax Credit Program. The Ohio Tax Credit Program was enacted in 2021 as part of Ohio House Bill 110.
How does it work?
The St. John’s Jesuit SGO was created to allow donors to make donations for students of St. John’s Jesuit High School & Academy while also receiving eligibility for a tax credit. It is a dollar-for-dollar credit but is limited to $750 for an individual or $1,500 if married filing jointly or the related State of Ohio tax liability.
How does a tax credit differ from a tax deduction?
A tax deduction reduces a taxpayer’s overall taxable income. A tax credit is a dollar for dollar credit against taxes owed to the State of Ohio. Specific tax questions should be directed to your personal tax advisor.
Can I designate my contribution to benefit a certain student?
No. As a 501(c)(3) organization, the St. John’s Jesuit SGO does not accept contributions designated for specific students. Further, the terms of the Ohio SGO program require that priority for scholarship awards be given to low income students (under 300% of the poverty threshold).
Can my employer match my gift made to the St. John’s Jesuit SGO?
Yes! This is an easy way to double the impact of your gift. Contact your employer for information on how to complete this. You will not receive tax credit for the amount of your company’s matching gift.
How do I know what my Ohio tax liability is?
Either consult your tax professional or review your current state return (1040 IT, line 8c).
How will my contribution be used?
Gifts given to the St. John’s Jesuit SGO will be used to fund tuition assistance for our current students. Families that are 300% under the poverty level will be prioritized, but any student needing financial assistance is eligible.
How can I donate?
You may donate online at www.sjjtoledo.org/give/sgo or by sending a contribution directly to the St. John’s Jesuit SGO, 5901 Airport Hwy, Toledo, Ohio, 43615.
Can I make a recurring contribution?
Yes. You may make a one-time contribution or a recurring monthly contribution.
Who is responsible for submitting information to the state of Ohio?
Each donor is personally responsible for maintaining the contribution acknowledgement receipt provided by the St. John’s Jesuit SGO. That receipt can be used to claim the tax credit through the State of Ohio.