The Ohio Commodores have established a new nonprofit organization, The Ohio Commodores Scholarship Fund, which is certified by the Ohio Attorney General as a Scholarship Granting Organization (SGO).
The Ohio Commodores Scholarship Fund will award academic scholarships to students across Ohio attending primary and secondary schools (K-12), giving priority to students with the greatest financial need.
WHAT DOES THIS MEAN?
Because The Ohio Commodores Scholarship Fund is a certified SGO, you can make a no-cost gift to support our work to provide scholarship awards to students across Ohio at no cost to you.
HOW DOES IT WORK?
The State of Ohio established a Tax Credit Scholarship Program, through which individuals can receive a tax credit (not a tax deduction) against their Ohio income tax liability for gifts to a Scholarship Granting Organization, such as The Ohio Commodores Scholarship Fund.
The maximum amount an individual can contribute and receive a dollar-for-dollar credit is $750. If you are filing jointly with your spouse, you can contribute up to $1,500. To qualify for the credit on your 2024 taxes, your gift should be received or postmarked by December 31, 2024.