Tax Credit Scholarship Program and Giving to CAI

You can make a donation that benefits Christian Academy of Indiana (CAI) and receive a tax CREDIT (not just a deduction) on your state tax bill as well as a Federal tax deduction through Indiana’s innovative Tax Credit Scholarship Program. Here’s how it works:

  • You make a donation to the Sagamore Institute, a scholarship granting organization (SGO). The CAI Fund at Sagamore has been established to accept donations designated for Christian Academy of Indiana.
  • Christian Academy School System | Christian Academy of Indiana | SGO (Scholarship Granting Organization) | SagamoreSagamore grants scholarships to eligible children at Christian Academy of Indiana, thereby allowing the school to receive tuition for a student who otherwise might not have been able to afford it.
  • The state of Indiana gives you a tax CREDIT equal to half the amount of your donation. For example, if you paid $5,000 in state taxes but made a donation of $10,000 to Sagamore, you would owe NO state taxes. In addition, you can still deduct the donation from your federal taxes, meaning that your gift costs even less from your pocket than ever. For example, a donation of $25,000 may cost you only $3,750 after claiming all of your credits and deductions–see the special illustrations.

In effect, you can decide how the state will spend your tax dollars by directing them to Christian Academy of Indiana.

Do it now! If you are interested in cutting your tax bill and helping Christian Academy of Indiana at the same time, consider doing so in early July. The state has set aside $9.5 million in tax credits for this program the upcoming fiscal year (July 1, 2016 - June 30, 2017). When donors have claimed that amount in any particular fiscal year (July 1 - June 30), the credits are no longer available until the following year. 

PLUS, the state allows any taxpayer to carry forward credits from one year to the next. That means that you do not have to wait until you know what your tax liability will be so that you avoid making too large a donation. You can make a donation of any size and use the tax credits over the course of nine subsequent years.

This program works for any size donation, there is no minimum amount.

Questions? Check out our FAQs and answers, contact Becki Rucker at Christian Academy of Indiana, (502) 400-5411, or go directly to the Donation Form.

Note:  Christian Academy of Indiana is not engaged in the practice of providing tax advice and this information does not constitute and is not a substitute for tax advice. Christian Academy of Indiana recommends you secure the advice of competent tax advisors with respect to your personal tax situation.



The Impact of SGO at CAI

Additional Information


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