Tax Credit Scholarship Program

PERSONAL BENEFIT, COMMON GOOD – DONATE TO ILLINOIS TAX CREDIT SCHOLARSHIPS

Increase Student Opportunities

The state program Invest in Kids offers a transformational opportunity for private schools through tax credit scholarships (TCS). Children in our state from low-income families will have access to new scholarships to attend non-public schools. Tax credit scholarships cover up to 100 percent of tuition and fees for students. Scholarship eligibility is based on a family's income. For example, a student could receive a scholarship if his/her family income is less than $72,900.

Lower Your Tax Bill

Invest in Kids provides Illinois state income tax credits to individuals and corporations who contribute money to an approved Scholarship Granting Organization (SGO). SGOs are independent 501( c)(3) nonprofit organizations that award scholarships to eligible students from low-income families. Individuals and corporations may receive a credit for their Illinois state taxes equal to 75 percent of donations to an SGO. Individuals can designate their donation to Carmel Catholic High School.

Invest in Kids in Three Easy Steps

  1. Apply for a Tax Credit at MyTax.Illinois.gov
    Applicants are required to have a MyTax Illinois account. Visit archchicago.org/tcs for step-by-step instructions for creating an account and applying for the tax credit.
  2. Donate to an SGO within 60 days
    Once the application is approved, donate to a Scholarship Granting Organization, such as Empower Illinois or Big Shoulders Fund, within 60 days.
  3. Designate Carmel Catholic High School
    During the donation process, donors have the option to donate to a specific school, such as Carmel Catholic High School.

For more information, please contact Mike Looby, Major Gifts Officer, 847-388-3454 or mlooby@carmelhs.org.