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The GRACE Scholars Program

 

Turn your TAX dollars into TUITION ASSISTANCE for our school.

 

As a Georgia taxpayer, you can make a donation to GRACE Scholars, designate that 100% of your donation be sent to STM School to be used for tuition assistance, and in exchange receive a dollar-for-dollar state income tax credit.

This opportunity has enabled us to help so many families afford an STM Catholic education that otherwise would not be possible.

The GRACE Scholars program was created to help qualifying families afford a quality Catholic education while at the same time provide donors with an opportunity to redirect their tax dollars towards Catholic school scholarships.

As a Georgia taxpayer, you can receive a 100% dollar-for-dollar tax credit against your Georgia taxes which means that you actually can lower the amount you owe to the state by the amount of your donation to GRACE Scholars.

You can designate Saint Thomas More Catholic School as the beneficiary of 100% of your GRACE donation. This means that 100% of your donation to GRACE will be used for tuition assistance for our very own STM School families.

How can I make a donation to GRACE Scholars to benefit STM students?

  • Pre-register for your GRACE Scholars Tax Credit here.
    Why do I need to pre-register?  Because there is a statewide cap each year, a taxpayer interested in contributing to GRACE must be pre-approved by the Georgia Department of Revenue (GA DOR). The $120 million cap typically is met on the first business day of the year, so pre-registering prior to December 31st (of the previous tax year) is necessary.
  • Once your tax credit has been received and processed by the GA DOR on the first business day of the year, a tax credit approval letter will be mailed to you.
  • The letter provides you with your approval date and amount of your tax credit. Keep the letter for your tax records. 
  • Make your contribution during the 60-day window which starts on the date of the approval letter.


*Pass-through income required to support a $25,000 tax credit is $434,783 ($25,000 divided by .0575 = $434,783). Keep in mind that income from the pass-throughs can include both profits (K-1) and wages (W-2) income.

If you have any questions about the program or the application process, please contact Ansley Murphey, Advancement Director, at 404-373-8456 or amurphey@stmga.org or visit the GRACE Scholars web site.

Thank you for your support!
 

Pre-register for your GRACE Scholars Tax Credit

For More Information

Ansley Murphey

Advancement Director