GIVE

DIRECT YOUR
IL STATE INCOME
TAXES TO NORTHRIDGE

Have you heard of the Invest in Kids Act and the private school scholarships that result?

75% TAX CREDIT SCHOLARSHIP DONATION

By making a Northridge earmarked donation to a Scholarship Granting Organization (we use Empower Illinois), you can reduce (or even eliminate) your state income tax liability and provide scholarships to Northridge students.

75% of your scholarship donation amount goes towards a state income tax credit for you while financially assisting Northridge students.

A friend of Northridge estimates his/her State Illinois tax liability is $7,500…

SCENARIO 1

  • Pay $10,000 to a Scholarship Granting Organization (SGO) through the Illinois tax credit program
  • Receive a $7,500 IL state tax credit (75%)
  • Net cost to you: $2,500

NORTHRIDGE STUDENT RECEIVES

$

(Includes 5% admin fee)

SCENARIO 2

  • Pay $7,500 to the State of Illinois

NORTHRIDGE STUDENT RECEIVES

$

Would you like to take advantage of this or just learn more?

Contact Pat Healy (CFO) at [email protected] or 847-375-0600 (Ext. 480)

More Information

  • In 2017, the Illinois Legislature passed the Invest In Kids Act, allowing individuals and corporations to direct up to $1,000,000 of their state income tax liability towards education.
  • The Tax Credit Scholarship (TCS) is awarded annually through a lottery system to families who meet a household income level set by the State of Illinois.
  • Scholarships are awarded by third-party organizations (e.g. Empower Illinois) to students that Northridge admits.
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