FAQs

The Ohio General Assembly established a program whereby Ohioans can receive a 100% tax credit against Ohio income tax liability for cash contributions to certified Scholarship Granting Organizations (SGOs) that grant scholarships to students. The maximum credit amount is currently $750 (if you file "Married Filing Jointly," you can receive a credit for up to $1,500).

St. Edward High School established a Scholarship Granting Organization to be eligible for the tax credit program, now known as the Eagle Ohio Tax Credit Fund. This is a new opportunity for our community to take advantage of the Ohio Tax Credit Program. Funds given to the Eagle Ohio Tax Credit Fund get awarded as scholarships to eligible St. Ed's families. The Eagle Ohio Tax Credit Fund is required to prioritize "low income" (under 300% of the poverty threshold) recipients.

The program will benefit St. Edward High School students and their families by prioritizing scholarships for those with demonstrated need and who seek a Catholic and Holy Cross education. It will also allow taxpayers to reduce their Ohio state tax liability. This is a dollar-for-dollar tax credit against your tax liability or the tax you owe to the State of Ohio.

Anyone. However, only those persons with Ohio tax liability may be eligible for the tax credit.

You can contribute to the Eagle Ohio Tax Credit Fund anytime during the year, including through monthly installments. To be eligible for the tax credit on your 2025 Ohio taxes, you must make the contribution amount (maximum $750 per individual) before you file your 2025 taxes.

$750 ($1,500 if married filing jointly) is the cap for the tax credit.

No. As a 501(c)(3) organization, the Eagle Ohio Tax Credit Fund does not accept contributions designated for specific students.

The easiest way to contribute to the Eagle Ohio Tax Credit Fund is on our website! You can fill out our safe and secure contribution form in just minutes. You will receive an immediate electronic confirmation of your contribution for your records upon submission. You will also receive a tax receipt in the mail from the Eagle Ohio Tax Credit Fund to use when filing your 2025 State of Ohio income taxes and claiming your tax credit.

You can also print and mail a contribution form, available for download here. You must make checks payable to the "Eagle Ohio Tax Credit Fund" to claim the contribution on your 2025 taxes. Please allow 7–10 business days to receive your tax receipt by mail if writing a check.

1. Review your tax liability from last year (2024 Ohio IT 1040, line 8c) to help estimate the amount of your tax liability for 2025, against which the credit can apply if desired. Please remember that the maximum credit amount is currently $750 ($1,500 if "Married Filing Jointly").

2. Make your contribution online on our website. You may also complete a contribution form and mail a check. The Eagle Ohio Tax Credit Fund will send all contributors the required tax receipt after making their contribution.

3. Taxpayers claim the credit when they complete their tax return by writing in their contribution amount on the designated lines of the Ohio individual income tax return and attaching their tax receipt from the Eagle Ohio Tax Credit Fund. You will not receive the benefit of the Eagle Ohio Tax Credit Fund tax credit if you do not have a tax liability to the State of Ohio or have other Ohio tax credits that reduce your Ohio tax liability to zero.

You will claim this credit when you file your Ohio state income tax return. The nonrefundable credit will reduce your state tax liability (the amount you owe in taxes). A nonrefundable tax credit limits your tax benefit to no more than what you owe in taxes. The amount of the tax credit you can claim equals 100% of the amount you contribute, up to $750 per taxpayer.

If you and your spouse file "Married Filing Jointly," you can receive a credit for up to $1,500 on your joint state income tax return.

Here's How it Works:

• If you owe money for the current tax year, you deduct the amount you contribute to the Eagle Ohio Tax Credit Fund from what you owe. Example: You owe $1,000 to the state, and you make a tax credit contribution of $750. You now only owe the state $250.
  
  
• If the state owes you a refund for the current tax year, your refund will increase by the amount you contribute to the Eagle Ohio Tax Credit Fund. Example: You are due a refund from the state of $500. You make a tax credit contribution of $750, and you’ve increased your refund to $1,250.

Contributors to the Eagle Ohio Tax Credit Fund will receive a dollar-for-dollar state tax credit up to the $750 maximum contribution, which is different from a tax deduction. Tax deductions reduce your taxable income. A tax credit is a dollar-for-dollar credit against the taxes you have paid or will owe to the state of Ohio.