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Crossroad Academy Scholarships

 

With help from supporters like you, we can make sure that learning is the top priority for our students at Crossroad Academy. Donors to the Scholarship Granting Organization (SGO) on behalf of Crossroad Academy can also receive a 50% Indiana state tax credit, available July 1. This program is made possible through the Lutheran Scholarship Granting Organization.

Click here to donate to Crossroad Academy Scholarships

 

Frequently Asked Questions

  • What is the Indiana Tax Credit Scholarship?

    • Tax Credit Scholarships, better known as “SGO Scholarships,” are scholarships awarded by the Scholarship Granting Organization to low- and middle-income families to help them afford the non-public school of their choice.
  • Are SGOs and vouchers the same thing?

    • No. The official name for a voucher is a “School Choice Scholarship.” One key difference between SGOs and vouchers is that SGO scholarships are funded by charitable donations, while vouchers are funded by state tax distributions.
  • What is the Lutheran SGO of Indiana?

    • The Lutheran Scholarship Granting Organization of Indiana, Inc. is a separately incorporated, 501(c)3 charitable organization, created to provide SGO scholarships for non-public schools, like Crossroad Academy.
  • Is there a federal tax deduction?

    • Gifts to the SGO are also tax-deductible to the full extent of the federal charitable tax laws.
  • What is an example of possible benefits?

    • A donation of $10,000 could result in the following benefits:
      • $5,000 tax credit from your Indiana state tax due.
      • Additional deduction from your federal tax due for those that itemize.
      • Satisfaction of providing scholarships for students to receive a specialized education.
  • What can donors give to the SGO?

    • Support for SGO scholarships can come from many of the same sources as any gift to charity, including checks, bank cards, stocks, IRA rollovers, etc.
  • How much can donors give?

    • For the 2019-20 school year, there is a $15 million per-fiscal year cap on available state tax credits for up to $30 million in donations statewide. There are no limits on the size of contributions eligible per entity or individual; donors or their businesses could contribute $5 or $5,000,000, depending on the remaining tax credits available statewide.
  • Is there a limit to the tax credits donors could receive?

    • Donors can reduce the full amount they have paid or will owe the state. Donors may roll over any unused credits for an additional nine years.
  • Can donors direct their gift to a specific school?

    • Donors can designate their donation to one or more Indiana schools or to the general fund. To donate to Crossroad Academy, click here, or visit LutheranSGO.org to donate or get instructions to make a gift of appreciated securities.
  • Who can donate to the SGO to benefit Crossroad Academy students?

    • Anyone can support SGO scholarships! However, to receive the tax credit you must pay or owe Indiana state taxes. Donations can come from corporations, partnerships, LLCs, PCs, the self-employed, or individual taxpayers.