Illinois Tax Credit Scholarship Program
Illinois Tax Credit Scholarship Program Details
In celebration of our 25th anniversary, we continue our commitment of helping low-income students attend quality private schools. The State of Illinois has created a new scholarship program that allows donors to help students from qualified families to attend private schools. The Invest in Kids Act allows Illinois residents and corporations to receive a 75% tax credit for qualified donations. HighSight has been selected as a Scholarship Granting Organization (SGO) for this program and your donations will help empower us to help more students attend private schools.
As a SGO, HighSight can receive qualified contributions from individuals and businesses to be disbursed in the form of scholarships to eligible students to attend qualified private schools. For example, a taxpayer making a $10,000 qualified contribution would be awarded a $7,500 tax credit. The credits are capped at $1 million per taxpayer.
After qualified donations are received, HighSight will begin granting scholarships to eligible students allowing them to attend the private school of their choice, subject to availability of funds. HighSight is specifically designated to serve Cook County - Region One. Details on our application process are being finalized.
HighSight has served the families of Chicago for more than 25 years. We look forward to partnering with you through this new program as we create new possibilities for Chicago students. For more information, please email us at firstname.lastname@example.org.
Beginning at midnight on January 2, 2018, individual and corporate donors will be able to reserve tax credits through mytax.illinois.gov. In order to avoid delays and make an authorized contribution, we strongly encourage donors to take the following steps today:
- Create and activate your account at mytax.illinois.gov
- Request a Letter ID
- Click on the "Individuals" tab
- Under "Miscellaneous," select "Request a Letter ID"
- Please allow 7-10 days to receive your Letter ID via US Mail, a requirement to completing your a MyTax Illinois account.
- Contact HighSight regarding the intention of your gift to receive additional information.