SGOs

Scholarship Granting Organization (SGO)

Bishop Chatard High School is proud to partner with the Institute for Quality Education (IQE), a scholarship granting organization (SGO), which allows donors to make gifts to Bishop Chatard that directly benefit the educational grants awarded to our students who are most in need, AND receive a substantial Indiana state tax savings of 50% of the donation (in addition to a Federal tax deduction).

How does it work?

Institute for Quality Education Logo

Instead of donating directly to the school, you give a gift to the Institute for Quality Education (IQE), designating Bishop Chatard High School as the beneficiary.
IQE distributes the money to Bishop Chatard to be used for tuition assistance for the North Deanery high school’s qualifying families.

Donors who are Indiana residents will earn a 50% state tax credit on gifts made through IQE as long as those gifts are received before the tax credits run out.

In addition to the Indiana tax credit, your donation is eligible for existing federal tax deductions. Depending on your personal circumstances, this can result in substantial tax savings, greatly reducing the actual cost of your contribution. Always consult your tax advisor for details.


IMPORTANT TAX CREDIT STATUS

On July 1, 2018, $14 million in tax credit dollars were made available to Hoosier taxpayers. Donations made after these funds are depleted do not receive the tax credit, so we encourage you to donate early.

Check total remaining tax credits.


How do I donate?

Donate Online, designating Bishop Chatard as the recipient school.

OR

Mail your donation to Bishop Chatard.

  1. Download and complete the donation form.
  2. Mail to: Bishop Chatard High School, Attn: Advancement Office, 5885 Crittenden Ave., Indianapolis, IN 46220
  3. We record the donation and then send it to IQE.
 
 

Frequently Asked Questions

Yes. Please contact Liz Hoffman, Lhoffman@bishopchatard.org, 317-251-1451, Ext. 2275 and she will assist you with your donation.
Yes, in most cases. The only exception we are aware of is Eli Lilly. Lilly does not match donations to an SGO.
No. Vouchers (officially known as ‘School Choice Scholarships’) are funded by state tax distributions. SGOs are funded by charitable donations. Family incomes must fall below 150% of the federal free and reduced lunch maximums in order to qualify for a voucher. For SGOs, income must fall below 200% of the Federal free and reduced lunch levels.
A tax deduction can be removed from your taxable income. A tax credit directly reduces the amount of tax you owe.
No, the tax incentives are not valid if a gift is designated to a specific student.

RT @BCHSTrack1 ‘Miss Track and Field’: Beth Barnes! First girls state champion at Chatard! pic.twitter.com/bkelhc8Wwt

About 2 days ago