"Scholarship organizations" refer to groups or institutions that provide financial support to students or individuals who demonstrate academic excellence, skills, or achievements to pursue further education or training.
Full definition
A reputable
scholarship organization does not need your bank account information; it would most likely send funds directly to your school after verifying your attendance.
Low - income and middle - class students would benefit directly from up to $ 150 million in annual charitable contributions to nonprofit
scholarship organizations providing tuition assistance.
Furthermore, the amount of money for tuition made available for tuition by private
scholarship organizations often does not actually cover the full cost of attending a private school.
It is up to the donating businesses and
scholarship organizations rather than politicians to determine how much scholarships should be to serve the most students and use dollars efficiently.
According to information provided by the Arizona Department of Revenue, it took just three days for Arizona businesses hit the cap on donations to private school
scholarship organizations for low - income children and students with special needs.
This bill proposes to increase taxpayer funding for private / religious school scholarships to $ 180 MILLION / year by providing $ 55 million in NEW corporate tax breaks for businesses that contribute to private / religious
school scholarship organizations through the Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs.
Business Leadership Organized for Catholic Schools (BLOCS), the
largest scholarship organization in Pennsylvania, is at risk of losing nearly $ 15 million in pledged funding for next year, executive director Bill O'Brien said.
However, donors have not yet come close to hitting the cap because of a legislative effort to repeal the tax - credit law and a legal challenge that put the program's future in doubt during the first two years.21 The only
scholarship organization operating at the time, the Network for Educational Opportunity (NEO), raised just shy of $ 130,000 in the first year and less than half that in the second year.
Gov. Andrew Cuomo in his 2016 - 17 executive budget proposed establishing a $ 150 million credit for donations made to public schools, local education funds, school improvement organizations or private
education scholarship organizations.
As noted, Florida's publicly funded ESA program is privately administered by the same non-profit
scholarship organizations whose donors receive dollar - for - dollar tax credits for their contributions to scholarships.
(It's important to note that a government study found that 62 % of
Pennsylvania scholarship organizations disbursed 100 % of their collected funds while only 5 % used the maximum administrative expenses.)
Privately - funded
scholarship organizations like CSF and its affiliates are doing noble work for low - income families, but their ability to expand to reach the more than 16 million children living in povertyin America is limited.
The STC laws in six states offer credits for 100 percent of donations to
authorized scholarship organizations and eight states receive full credit for their maximum donation amounts.
Thus far, there is only one
active scholarship organization, the Network for Educational Opportunity (NEO), which distributed $ 128,340 in scholarships to 103 students.
In 2001, we launched the Education Resource Center (ERC), originally housed at the Dayton Area Chamber of Commerce and later within a private -
scholarship organization named PACE.
Every STC program requires that
scholarship organizations spend no more than 10 % on administrative costs, the exceptions being Florida's 3 % maximum and Pennsylvania's unnecessarily high 20 % maximum.
However, what was initially the state's
sole scholarship organization, the Network for Educational Opportunity (now an affiliate of the Children's Scholarship Fund), would sometimes make exceptions in cases of particular financial hardship.
1 Over the past eight years, the program has proven enormously popular: With more than 13,000 students, it is the sixth largest tax - credit scholarship program in the country.2 Twenty - nine
scholarship organizations accept private, tax - credit - eligible donations to offer scholarships to those students.3
Under their bills (H.R. 895 and S. 148), faith -
based scholarship organizations would be placed in the untenable position of only being able to participate if they agreed to award scholarships to students attending any private school, regardless of its religious affiliation or lack - thereof.
This year, the EITC program is capped at $ 75 million, with a waiting list of hundreds of businesses waiting for the opportunity to donate $ 15 million to educational improvement organizations and
scholarship organizations around the state.
Pennsylvania offers tax credits for corporate contributions to the following nonprofit organizations: Scholarship Organizations (SOs), which provide private school scholarships; Educational Improvement Organizations (EIOs), which support innovative programs in public schools; or
prekindergarten scholarship organizations (PKSOs).
Since passage of the EITC, the REACH Foundation has worked with the state Department of Community and Economic Development to create user - friendly guidelines for the program and has
assisted scholarship organizations with start up money and technical assistance.
Fortunately, a fellow homeschooler told Jennifer about the Network for Educational Opportunity (NEO), the
first scholarship organization to participate in New Hampshire's trailblazing scholarship tax credit program.
Florida already has the most regulated scholarship program in the nation, which explains why the state has only one
scholarship organization while other states have dozens or even (in the case of Pennsylvania) hundreds.
«When you donate, you will receive both a Georgia state tax credit AND a federal charitable deduction,» as Georgia's
scholarship organization puts it on its web site.
Most scholarship organizations reported having little to no trouble soliciting donations from businesses when the tax credits were worth 90 percent of the donations.
Phrases with «scholarship organizations»