Scholarship Granting Organization
The Lutheran Scholarship Granting Organization of Indiana, Inc. is a 501(c)(3) charitable organization, created to help ensure that all eligible families in Indiana have the opportunity to attend a Lutheran school. Your donation made to the Lutheran SGO and designated for Lutheran High School of Indianapolis will be applied directly to the cost of tuition for incoming or existing students who qualify.
Your Donor Impact
Donors that are Indiana residents or Indiana businesses are eligible to take a 50 percent tax credit against their Indiana state tax liability for their contribution to the Lutheran SGO in the name of Lutheran High School of Indianapolis. In addition to the 50% state tax credit eligibility, gifts are also tax-deductible to the full extent of the federal charitable tax laws. Depending on your tax bracket, your true cost of donating may be as little as 20% of your donation.
Please hurry, Indiana tax credits are limited
Please note, that contributions made later in the state’s fiscal year are more likely to be subject to a maximum cap for Indiana state tax credits. To learn how much has been donated state-wide for this year, you can visit http://www.in.gov/dor/4305.htm.
Frequently Asked Questions
How does the Indiana tax credit work?
The amount of the Indiana tax credit you will receive is equal to 50% of the amount you contribute to the Lutheran SGO in the name of Lutheran High School of Indianapolis. If you donate $6,000 to the Lutheran SGO in the name of Lutheran High School of Indianapolis, you will receive a tax credit of $3,000. This tax credit is directly applied to your Indiana tax liability. If your Indiana tax liability is $4,000, then the bottom line tax you will owe is $1,000. This is a tax credit, which has much more impact than a tax deduction.
A gift to the Lutheran SGO in the name of Lutheran High School of Indianapolis results in two very important outcomes. First, it does enable students to obtain scholarships to attend Lutheran High School of Indianapolis which they may otherwise be unable to do so because of financial considerations. In addition, a donation to the Lutheran SGO provides an Indiana resident or an Indiana company with a significant tax credit benefit on their state of Indiana income tax form.
Who is eligible for the Indiana tax credit?
Any Indiana resident that is subject to the Indiana income tax code may be eligible for this tax credit. This tax credit eligibility also includes Indiana corporations, partnerships, limited liability companies, professional corporations, and sole proprietorships.
How do I donate to the Lutheran SGO?
To contribute to the Lutheran SGO in the name of Lutheran High School of Indianapolis, you must complete a donation form and make the donation to the Lutheran SGO. A form is available in PDF format here to download, complete, and return with your payment. You may also donate online at LutheranSGO.org. In the Fund field, scroll down and choose ‘Lutheran High School, Indianapolis.’
Once your donation is received, the Lutheran SGO will send you an acknowledgment letter along with your Indiana school state tax credit certificate number. It is very important that you retain in your possession the Indiana school state tax credit certificate for use when your Indiana tax forms are prepared as you will need the certificate number.
What forms of donations to the Lutheran SGO are acceptable?
- check, money order, credit/debit card
- publicly-traded securities
- stocks, bonds, and mutual funds
- real estate
- any type of farm commodities.
What is the contact information for the Lutheran SGO?
The Lutheran SGO of Indiana, 1145 Barr St, Fort Wayne IN 46802; 260-312-3289; lutheransgo.org
What other sources of information exist?
Please feel free to call Bill Ayres, LHS Chief Development Officer, 317-791-4092, for more information or to receive help implementing your donation. You may also email Bill at email@example.com.