The above graphic says it all. The COVID 19 pandemic has created even greater economic challenges for CRSM and our families. Before the pandemic, the average CRSM family income was under $40,000, and we estimate over 40% of CRSM families have lost one or both incomes since March. The uncertainty of business partners’ return to work plans has increased the … Read More
Illinois Tax Credit Program Bulletin #1
The Illinois Tax Credit Scholarship Program allows you and your company to target donations to scholarships for CRSM students from low income families. For your generous donation, you would receive a 75% direct credit – not a deduction – on your Illinois taxes. For example, a $1,000 donation would save you $750 in taxes while, at the same time, quadrupling … Read More
CRSM DONORS CAN SUBTRACT 75% of a SCHOLARSHIP GIFT FROM 2019 ILLINOIS TAX BILL
The Illinois Tax Credit Scholarship Program allows individuals and corporations to donate to a Scholarship Granting Organization (SGO) – whose primary aim is to give scholarships to qualifying CRSM students. For their generous donation, donors receive a 75% credit on their Illinois taxes. Donors receive a direct credit, not a deduction. After just one year, 134 students have been able … Read More