Equipping schools, connecting donors, empowering parents, and improving the delivery of scholarships.
SCHOLARSHIP GRANTING ORGANIZATION
What Does Advance Carolina Provide?
· A proven, no-cost SGO program built on integrity, excellence, and accountability
· An online platform that allows schools 24/7 access to program data
· A comprehensive “toolkit” for communication with donors and families
How the Program Works
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Individuals may contribute up to $1,700 per year to an approved Scholarship Granting Organization (SGO).
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Donors receive a dollar-for-dollar federal income tax credit, effectively reducing their tax bill by the full amount donated – donors can specify recipient school.
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Donations fund scholarships that help students pay for qualified K-12 educational expenses – student eligibility for families up to 300% of AGI
ROLES & REQUIREMENTS OF SGOs
· SGOs must be 501(c)(3) nonprofits
· Distribute at least 90% of contributions directly to scholarships
· Maintain legal compliance
ROLE OF STATE
· State must opt in annually
· Must list participating SGO’s annually
ROLE OF SCHOOLS
· Partner with qualified SGO
· Communicate with donors – any person with a federal tax liability
· Promote available scholarships
FEDERAL TAX CREDIT SCHOLARSHIP PROGRAM
The One Big Beautiful Bill signed into law on July 4, 2025 created the first-ever federal tax credit scholarship program for K-12 education. Implementation begins January 1, 2027.
CONTACT US
Please submit your contact information to learn more about partnering with Advance Carolina.
