CISE-SGO
Support Inner-city Students. Reduce Your Ohio Income Tax.
Ohio residents, you can save up to $1500 on your Ohio Income tax when you donate to CISE-SGO (Scholarship Granting Organization).
What You Should Know About CISE-SGO
What is an SGO?
Scholarship Granting Organizations are quite simple. They are nonprofit organizations who do these two things: (1) raise scholarship funds from donors, and (2) disburse scholarship funds to students, primarily from kindergarten to grade 12.
How does it work?
Contributions up to $750 for individuals ($1500 for married couples filing jointly) to CISE-SGO are eligible for a dollar-for-dollar tax credit on the donor’s State of Ohio tax return. A tax credit may be superior from a tax-paying standpoint because it may reduce the income tax liability of the taxpayer.
Why should I use an SGO?
Tax credits reduce the taxpayer’s income tax liability dollar-for-dollar, whereas the charitable deduction is worth only cents on the dollar.