Can corporations contribute to the GCSSF Scholarship Program?
Yes, corporations can receive a tax credit for amounts contributed to the GCSSF Scholarship Program, up to 75 percent of their Georgia income tax liability. Presently, this tax credit is only fully available to C corporations. Until the law is changed, regardless of the amount contributed to GCSSF by an S corporation or other passthrough entity, S corporation shareholders (or the owners of such other pass-through entities) are subject to the individual limitations of $2,500 or $1,000. • If an individual donor itemizes deductions, can they take a charitable income tax deduction on their federal income tax return for the amount of the contribution to GCSSF? Yes. • If I re-direct some of my Georgia income tax payment to GCSSF, can I designate that it be used to provide scholarships for students who will be attending a specific Partner School? Yes, by placing the Partner Schools name on the memo line of your contribution check, at least 90% of the donation will be allocated toward GCSSF sc
