Athens Academy is pleased to participate in the Georgia Tuition Tax Credit Scholarship Program. Athens Academy partners with Apogee, a Student Scholarship Organization (SSO) to help Georgia taxpayers redirect a portion of their State tax liability to Athens Academy and receive a dollar-for-dollar credit. Funds received from the program are made available for qualified applicants in the school's existing financial aid program. Since 2009, more than $3.7 million has been raised for our financial aid program.
Click here to apply for 2020! The deadline to pre-register for the 2020 tax year is December 15, 2019.
Individual - up to $1,000 Married Filing Jointly - up to $2,500 Married Filing Separately - up to $1,250 each Pass through income from S-Corps, LLCs, and Partnerships - up to $10,000 C-Corps and Trusts - up to 75% of GA tax liability
The state had placed a yearly cap on the amount of credit available at $58 million. That meant that every school, tax payer, and corporation in Georgia was drawing from the same pool of credits. For the last two years, the state has accepted applications representing more than $58 million and have pro-rated each pledge accordingly. In 2017, the Georgia legislature increased the cap to $100 million, so participants will receive larger credits beginning in 2018.
Apogee Scholarship Fund is Athens Academy’s partner in the process. Apogee is a state registered SSO (Student Scholarship Organization) as well as a 501c3 non-profit organization. Apogee’s primary function is to facilitate the process of distributing tax credits in exchange for donations and to disburse those funds for private school tuition scholarships.
The Georgia Tuition Tax Credit program provides a “win-win” for the Athens Academy community!
The program allows tax payers to redirect a portion of their state tax liability to Athens Academy and receive a dollar-for-dollar credit when filing 2017 taxes.
Itemizers can also receive a charitable contribution deduction on their federal tax return.
$1 Million in Pledges
The Athens Academy community pledged more than $1 million to Athens Academy through the program in 2017 – thank you!
In 2017, the legislature increased the amount of funds available for independent schools statewide to $100 million. This will enable participants in the program to receive larger credits in the future.
More than $100 million in applications were received on the first day, so the state pro-rated each credit at 45%.
Only those who pre-register will be eligible for the credits!
Donors are allowed to redirect up to $1000 per individual and $2500 per couple.
Individuals who receive income from a pass-through entity such as an S-Corp, LLC or Partnership, can re-direct up to $10,000.
C-Corps & Trusts
may donate up to 75% of their GA tax liability.
Consult Your Tax Advisor
Please consult with your tax advisor to match your donation to your anticipated tax liability.
Supporting Financial Aid
The money the school receives is allocated to the school’s need-based financial aid program.