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