SCHOLARSHIP PROGRAM
Learn, step by step, how to apply so you can help provide students with scholarships.
Make a Difference
Your taxes can create scholarships
Chances are, you're already paying Georgia income taxes. Why not redirect some of your hard-earned dollars to provide tuition assistance to financially eligible Foundry Academy students?
In 2019, Foundry Academy partnered with the Georgia GOAL Scholarship Program, a Student Scholarship Organization (SSO) created through the Georgia Education Expense Tax Credit Program. This program enables Georgia residents, corporations, trusts, LLCs, and partnerships the opportunity to designate a portion of their state tax liability to the school's need-based scholarship program. While there is no cost to participants, the program has a tremendous impact on the Foundry Academy's ability to provide financial assistance to students in need.
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Participants apply to GOAL by December 31 each year. GOAL sends all applications to the Department of Revenue (DOR) on the first business day in January. The DOR will then send approval letters. Once approved by the DOR, participants must make their payments to GOAL within 60 days. Participants can take a state tax credit when filing their taxes the following spring.
Many thanks to those who are participating in the GOAL program! We are deeply grateful for the financial support this program will provide Foundry Families.
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For more detailed information please click here
GOAL FAQ
The GOAL Program is a remarkable and important opportunity provided to Georgians by our elected officials.
In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100% state income tax credit!
This is a proven opportunity that is a win-win-win for taxpayer donors, scholarship recipients, and our school community. By simply contributing to Georgia GOAL for a 100% Georgia income tax credit – in other words, by contributing with dollars you must spend anyway – you will help maximize financial aid for deserving families desiring to receive a [School Name] education.
Tax Credit Limits Based on Filing Status have been expanded, effective in 2023!
Tax Filing Status New Limit
Single Filer $2,500
Married Separate Filer $2,500
Married Joint Filer $5,000
Pass-Through Owner (not making HB 149 election)* $25,000
C Corp, Trust, or Pass-Through electing to pay tax at the
entity level (HB 149)* 75% of annual tax liability
*Favorable state and federal tax laws and regulations allow pass-through businesses to achieve remarkable benefits through the GOAL tax credit: a state tax credit, a federal tax deduction, and a meaningful philanthropic impact! Learn more.
Apply Now Complete the 2023 GOAL Tax Credit Application today (takes just 20 seconds!)