If you have any questions regarding the SGO program and how it benefits The Montessori Academy Edison Lakes please contact Susan Finster at SFinster@tma-el.org
You will receive an email receipt immediately after making your gift; this receipt acknowledges the initiation of the gift. A second receipt letter will be emailed to you in 7-10 days which will include the tax certification number needed to claim the credit on your state tax return.
Please contact us if you have questions about either receipt or about claiming your credit. If you would prefer that we mail a hard copy of the receipt letter that has your tax credit certification number please email us at firstname.lastname@example.org
If you are making a large gift you may want to check with your bank or credit card company to assure that the gift is within their transaction limits.
Please consult a tax professional about your individual tax situation!
Q: Is there a limit to how much I can give and still receive the credit?
No, there is no limit on your donations as long as there are tax credits available (see section above for link to check remaining credits). The credit is applied to your Indiana state tax liability. If the amount of your credit exceeds your tax liability, the unused credit may be carried forward for up to nine years, but it may not be carried back or refunded.
Q: Can I designate a school or student to receive my gift?
Yes, and no. You may designate one of our participating schools to receive your gift. However, SGO donations may not designate a particular student; this would be considered a tuition payment and is not eligible for a tax credit.
Q: How do I claim my credit?
The receipt letter that you receive from Sagamore Institute will include the amount of the donation, the tax credit certification number, and instructions for claiming the credit. We also send out year-end letters in January that summarize your donation and include detailed directions.
Q: Is this gift eligible for a federal deduction?
Yes, if you itemize. Pending IRS rules change the amount eligible for federal tax deduction to 50% of the value of the SGO gift for all SGO gifts made after August 27, 2018. Under the pending rules, gifts made on or before August 27, 2018 are eligible for 100% federal tax deduction. All gifts, no matter the date, receive a 50% Indiana state tax credit, so long as credits remain. See the "Understanding the Tax Benefits" page for more information.
Q: Can I give using a Donor Advised Fund?
The Indiana Department of Revenue will give a donor a tax credit certification number for a gift given from a DAF. HOWEVER, we strongly advise against giving to the SGO program through a DAF because of the potential penalties and fines from the IRS on the federal side. If you want to use DAF funds to benefit a school, please consider giving directly to the school.