We are pleased to announce we now offer a scholarship program. These scholarships have been funded through the Georgia Private School Tax Credit. The scholarships are awarded based on financial need and go to families that could not otherwise afford our tuition without help. Only children four and five years old or elementary children coming from a public school are eligible to receive the Georgia Private School Tax Credit scholarships. The number of partial scholarships awarded each school year is limited only by our ability to fund raise under the Georgia Private School Tax Credit (see fundraising below).
Enhancing Montessori Education is a 501(c) (3) organization that has been created to expand extracurricular activities for our children and provide financial aid to families not eligible for scholarships through the Georgia Private School Tax Credit program. The amount of financial aid this organization is able to disperse is also limited only by our ability to fund raise (see fundraising below). Please see our Head of School for more information about these programs.
Two Ways to Support Our Montessori Classrooms
Enhancing Montessori Education is a 501(c) (3) organization and all donations to this entity are a 100% tax deductible.
A new law has been passed that provides exciting possibilities for our Montessori families. Under the new Georgia Private School Tax Credit, all tax payers are now eligible to receive a dollar-for-dollar state tax credit in exchange for their contribution to a state-approved Student Scholarship Organization, or SSO. This allows for every taxpayer to divert some or all of their state income tax payment for 2009 to scholarships at little to no cost to you. This fund benefits families in need of scholarships based on financial need. In addition to a state tax credit, your contribution can be utilized as a charitable contribution deduction on your federal return.
After careful research, we have opted to partner with the Apogee Georgia School Choice Scholarship Fund, a Georgia 501(c)3 Student Scholarship Organization, to administer the program on our behalf. Maximum contributions are $2,500 for married filing jointly and $1,000 for individuals. C-Corporations can contribute up to 75% of their corporate tax liability and receive that amount as a dollar-for-dollar credit on Georgia taxes.
This is a rare opportunity to have a say in how your tax dollars are spent! This economy has proven most challenging for some families wanting Montessori and for your school’s enrollment. Diverting your tax dollars now can help these struggling families and stabilize your school’s enrollment and finances.
If you have any questions about this program, please do not hesitate to talk to our Head of School or John Panessa, our representative at Apogee, at 404-419-7123. To quickly confirm the validity of this new Georgia Private School Tax Credit you can call the Georgia Department of Revenue at 404-417-4477 or ask your own tax consultant.
