Student demand for Illinois’ tax credit scholarship is at all-time high. This past school year, 377 students in the Diocese of Springfield in Illinois received scholarships valued at $1,073,290.31 thanks to generous donations to Illinois’ tax credit scholarship program. When you learn, however, that 1,326 students in our diocese applied, it’s clear the demand is far exceeding the supply.
An individual or corporate donor will receive a 75 percent credit on their donation. This means that if a donor contributes $1,000, they will receive a state tax credit of $750. Individual donors can direct their donations to a school or subset of schools of their choice. To receive the credit for this year, donors must make their donation before the end of the year. Information for donors and those wanting to apply should visit empowerillinois.org.
In 2017, bipartisan lawmakers passed the Invest in Kids Act. This historic law — the first of its kind in Illinois — transforms lives by providing up to $100 million in scholarships for children from low-income and working-class families in Illinois. Scholarships from the Invest in Kids Act provide parents with a way to help their children find success.