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Posted Thursday, December 1, 2022
There is a great new way to support Roger Bacon High School. Roger Bacon is a member of the Catholic Education Foundation (CEF) which has been certified by the State of Ohio as a Scholarship Granting Organization (SGO). By donating to Roger Bacon through the CEF-SGO, you can receive an Ohio income tax credit up to $750 per individual or $1,500 per joint Ohio tax return. (Please note that according to a representative from the Ohio Department of Taxation, if you file a married joint return, each taxpayer needs to make their own $750 contribution to claim the maximum tax credit of $1,500)
Please join us in this exciting new opportunity! It is our hope you will take advantage of this new legislation in addition to your support of the annual fund campaign. As always, please consult your tax advisor regarding your specific tax situation.
For specific questions about the CEF-SGO in regards to Roger Bacon, please contact our Treasurer/Business Manager, Mike Engel at mengel@rogerbacon.org.
Frequently Asked Questions
What is the CEF-SGO?
The Catholic Education Foundation (CEF) is an accredited 501(c)3 and has been certified by Ohio as a Scholarship Granting Organization (SGO). In keeping with the mission of the CEF and the regulations of a SGO, the CEF-SGO provides financial need-based scholarships to students in grades K-12 within the Catholic schools of the Archdiocese of Cincinnati.
Why donate to Roger Bacon using the CEF-SGO?
Supporting students and their formation through Catholic education at Roger Bacon High School is a great way to share our blessings and faith with younger generations. You can direct your money to go to Roger Bacon High School, and the CEF-SGO may allow for Catholic education supporters to receive a tax credit for their generosity. Ohio taxpayers who donate to SGOs may be able to claim a dollar-for-dollar, non-refundable tax credit on their state income tax return for up to $750 per donor or $1,500 if married and filing jointly. See section 5747.73 of the Ohio Revised Code. Consult with your tax advisor to determine your eligibility for the tax credit, its value to you, and the details of your gift.
Do I need to donate by December 31, 2022?
If you want the tax credit for your 2022 tax year, then the donation needs to be made by December 31, 2022. Any donation made after December 31, 2022 will be eligible for a tax credit during the 2023 tax year.
How do I give to Roger Bacon through the CEF-SGO?
Will I receive an acknowledgement of my gift?
Shortly after your gift has been received and processed, the CEF-SGO will mail a gift acknowledgement letter to you. This letter can serve as documentation for a non-refundable Ohio income tax credit when you prepare your Ohio income tax return. The CEF-SGO will also notify Roger Bacon of your gift so it can be properly acknowledged as well.