EMPOWER Illinois: Illinois Tax Credit DONOR INFORMATION

Q: What is the Illinois Tax Credit Program?
A. The Illinois Tax Credit Scholarship Program allows for a 75% IL state income tax credit — or $.75 for every $1.00 contributed — for individuals and corporations who make contributions to an approved Scholarship Granting Organization, or SGO.

Q. What is a SGO?
A. A SGO is an independent 501(c)(3) non-profit organization whose primary aim is to give scholarships to students. SGOs are responsible for receiving donations from individuals and corporations, processing scholarship applications from students/families, distributing scholarships to eligible students/families and determining whether students meet the income eligibility requirements to receive a scholarship. We will be working with Empower Illinois as our preferred SGO.

Q. How will my donation be used?
A. Tax credit scholarships will be used to cover the tuition and eligible fees for qualifying K-12 students from families with limited financial resources.

Q. What is the process? How do I get started?
A. Before reserving your tax credit, donors must first establish an account on mytax.illinois.gov. This may take up to 10 days so donors are encouraged to register today.

Beginning January 2, 2018 at 8:00 a.m., individual and corporate donors who have already registered will be able to reserve tax credits. Go to mytax.illinois.gov, sign in to your account and RESERVE your tax credit. You will be e-mailed immediately the information needed to continue to the next step. Proceed to www.empowerillinois.org to make your donation. Make sure you list Empower Illinois as the SGO, your donation to Region 3, and Notre Dame High School – Peoria as the designated school.

Individual donors may direct donations to a particular school or subset of schools, but NOT to an individual student or group of students. Corporate donors may not designate funds.

All donations can be anonymous if preferred.

You may contact Empower Illinois directly at info@empowerillinois.org for assistance with the donation process or call 309-644-4524 beginning January 2 at 8:00 a.m.

Or contact Notre Dame High School for assistance by calling Cindy Dermody, 309-303-5804.

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