You can Direct
Your State Income Tax

Have you heard of the Invest in Kids Act and the private school scholarships that result? 

Pay Your State Taxes While Helping Wheaton Academy Students

You may direct your individual or corporate state income tax liability by making a charitable donation to a state-certified scholarship organization. The Children’s Tuition Fund of Illinois (CTF IL) and Empower Illinois are both scholarship organizations that focus on placing underprivileged students in great private schools. Until recently, Illinois residents had little control over how their tax dollars were distributed. However, in August 2017, the Illinois Legislature passed Senate Bill 1947, allowing individuals and corporations to direct up to $1,000,000 of their state income tax liability. Now, for example, taxpayers can secure credits of $7,500 by sending $10,000 to a state-certified scholarship-granting organization like Empower Illinois. Empower Illinois makes sure your charitable donation is recognized by the Illinois Department of Revenue and that you, the donor, receive a tax credit for that donation.

A friend of Wheaton Academy estimates his State of Illinois tax liability as $7,500…

Scenario One

  • Pay $10,000 to a Scholarship Granting Organization (SGO) through the Illinois tax credit program
  • Receive a $7,500 IL state tax credit (75%)

Wheaton Academy Student Receives:

$ 0

Scenario Two

  • Pay $7,500 to the State of Illinois

Wheaton Academy Student Receives:

$ 0

Your Step-by-Step Guide

Use this step-by-step guide to donate to Invest in Kids, a tax credit scholarship program.

Want to Know More?

These resources can help you take advantage of the Invest in Kids program:

Reach out to Joy Crowe, Director of Development, for more information: 630-562-7580.