Registration is Now Open!
You can help now more than ever. The statewide cap on tax credits has increased to $100 million. Your tax dollars can provide a Mercy education for more young women at St. Vincent’s Academy.
Give the gift of a Mercy education to a young woman who wishes to attend St. Vincent’s Academy by choosing to redirect all or a portion of your 2021 Georgia State Income Tax liability to St. Vincent’s Academy.
It is a quick and easy process! Watch our video by clicking here.
Q: What is GRACE?
A: GRACE Scholars is a Georgia nonprofit corporation and tax-exempt charity. In 2008 the organization was founded by Cardinal Wilton Gregory (formerly the Archbishop of Atlanta) and Bishop Emeritus J. Kevin Boland of Savannah to take advantage of the SSO/tax credit legislation. Current Bishop of the Diocese of Savannah, the Most Reverend Stephen A. Parkes, endorses GRACE’s mission of creating accessibility for all to a Catholic School education. GRACE has met the requirements for designation as a student scholarship organization (SSO) in Georgia. Because GRACE is an SSO, Georgia taxpayers can redirect part of their tax liability to GRACE and qualify for a generous tax benefit created by the Georgia legislature – a 100% tax credit. As GRACE is a tax-exempt charity (501-c-3 organization), gifts to GRACE also qualify charitable contributions under federal law.
Since 2008 more than 3,000 taxpayers have redirected part of their Georgia income taxes to GRACE which, in turn, has awarded scholarships to students wishing to attend Georgia Catholic Schools. All students receiving GRACE awards have demonstrated financial need.
Q: What is the current cap on tax credits?
$100 million *funds are still available for the 2021 tax year*
Q: What are the tax credit amounts by filing status?
Individuals/head of household can redirect up to $1,000 of their Georgia tax liability
Couples filing jointly can redirect up to $2,500 of their Georgia tax liability
C-Corporations can designate up to 75% of their Georgia tax liability
Pass-Through (LLC, S-Corp, Partnerships) can designate up to $10,000
Q: What is the 2021 contribution process?
Step 1: Pre-register with GRACE Scholars today at https://www.gracescholars.org/
For preferred treatment, please submit your pre-registration by December 31, 2020. GRACE will enter pre-registrations into the Georgia Department of Revenue (DOR) online portal on January 1, 2021.
YOU CAN STILL PRE-REGISTER for 2021!
Step 2: Be on the lookout for an approval letter from the DOR in early January 2021.
The letter gives your approval date and the amount of your tax credit. If you register after January, you will still receive an approval letter from the DOR.
Step 3: Complete contribution during the 60-day window.
The window starts on the date of approval letter. Contributions cannot be accepted before that date. When the 60-day window closes, the tax credit expires. No extensions are possible.
This is a dollar-for-dollar contribution.
Q: How do I make a donation?
Within 60 days of your approval, you may write a check or give online at https://www.gracescholars.org/donate/
You may use a major credit card, debit card, or process your check using your bank routing number via the secured online portal.
You may also donate gifts of stocks and mutual funds. Contact Melissa Bassett, GRACE Scholars Executive Director, at 404-920-7902 for stock or mutual funds questions.
Q: To whom do I address a check?
Q: Where do I mail a check?
GRACE Scholars, Inc.
2401 Lake Park Drive SE
Smyrna, GA 30080
Contact Mary Anne Hogan, at firstname.lastname@example.org or 912-236-5508.