Benedictine Military School
You can turn your tax dollars into tuiton dollars through the GOAL Scholarship Program. Would you rather send your tax dollars to the State of Georgia or to Benedictine? Now you have the choice!
What is GOAL?
Through the Georgia GOAL (Greater Opportunities for Access to Learning) Scholarship Program, alumni and friends are able to receive a Georgia tax credit in return for financial support of Benedictine. GOAL allows donors to direct their donations to the participating private school of their choice. Once the donation has been designated for a particular school, the funds will stay with that school until awarded in scholarships.
For more information on the Georgia GOAL Scholarship Program, please contact Greg Markiton '92,at 912.644.7016. or email@example.com
How Can You Participate?
Now you may complete the process of applying for approval by completing the GOAL Tax Credit Form online and entering an electronic signature. Instructions are provided at the GOAL Paperless Processing link. This process will just take two or three minutes and will ensure the fastest possible method for participation.
Via US Mail:
1. Complete the GOAL Contribution Form: http://www.thebc400.com/GOAL%20Contribution%20Form-2011(1).pdf
2. Print page two of this TP-1form and sign “Section C”: http://www.thebc400.com/GOAL%20TP1%20Form%20v9.pdf
3. Make your check payable to “Georgia GOAL Scholarship Program”.
Write “Benedictine Military School” in the memo line of your check.
4. Please mail your forms and check to: Benedictine Military School
Attn: Greg Markiton 6502 Seawright Drive Savannah, GA 31406
5. GOAL will process your contribution and send you a tax receipt to file with your
2013 Georgia income tax return.
Frequently Asked Questions
How does GOAL work?
Taxpayers in Georgia can “redirect” part of their Georgia income taxes to GOAL to provide scholarships for students to attend Benedictine. They receive an income tax credit against their Georgia income taxes for the amount of their contribution.
How much can I redirect?
• A single taxpayer can redirect up to $1,000
• A married couple filing jointly can redirect up to $2,500
• A “C” corporation can “redirect” up to 75% of their Georgia tax liability
Why should I participate?
You are paying the taxes anyway. Wouldn’t you like to tell the state how to spend some of your hard earned money? You can redirect that money to help young men earn a Benedictine education. Plus, if you itemize deductions on your federal income tax return, your contribution to GOAL may be deductible as a charitable contribution.
My son doesn’t receive financial aid at BC. How does GOAL benefit our family?
Over the last five decades, there have been hundreds of young men from public schools attend BC. A diverse student body provides our Cadets with the opportunity to learn and build relationships with students from a variety of backgrounds. Our tradition of diversity prepares our young men to be leaders in a world that doesn’t always look, think, and act like they do. The GOAL program also frees up our traditional financial aid resources for students from parochial and private schools.
Who is eligible to receive this financial aid?
These funds are used for qualified young men who meet Benedictine’s admissions requirements, possess a demonstrated financial need, and have attended a Georgia Public School. Recipients of the GOAL Scholarship follow the same admissions process as every other student applying to Benedictine.
How soon should I participate?
Please don’t wait. The sooner you participate, the sooner you can begin helping these young men. The program is capped at $51.5 million and GOAL projects the state to reach the cap this summer. Last year, over one thousand tax payers were denied because they waited too late.
I participated last year. Do I have to fill out new paperwork again this year?
Yes. New paperwork is needed each year, but it is still a simple five minute process.
Can I count this as my Annual Fund contribution?
No, this is not a substitute for the Annual Fund. This is a “tax credit” or simply a redirection of the state taxes you were already paying. It is restricted for financial aid.
Your gift to the Annual Fund is a tax deductible charitable contribution. Since tuition doesn’t cover 100% of the cost of education, the Annual Fund is used to support Benedictine’s operational expenses such as teacher’s salaries, the power bill, insurance costs, and classroom technology.
How long does the process take?
It only takes a couple of minutes to complete the paperwork and send it to the state. The state has thirty days to approve your participation. Once approved, you have 60 days to send your check to GOAL.
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