Goal Scholarship Eligibility Schedule
2012 Prequalifying Form - TP1 Form
Credit Card Authorization Form
GA GOAL Scholarship Program Inc. Tax ID # 65-1280229
Wonderful news! There has been a major breakthrough in the efforts to bring school choice to Georgia. Recently, HB 1133 was passed which allows individuals and businesses to redirect their state income tax payments to an approved scholarship program.
The new law allows for the establishment of scholarship organizations that will receive money from taxpayers and respond to scholarship requests from participating schools like Killian Hill Christian School. Students who are presently in the public schools or students who are entering at the kindergarten level are eligible for up to 50% of the school's tuition rate. Each year, KHCS will use its regular admission and financial aid processes to determine those students who are eligible to receive scholarships and submit the scholarship candidates and amounts to the scholarship organization for final approval.
How this helps you, the school, the children, and the Kingdom
You are already paying income taxes to the state. Why not redirect some of those taxes to this opportunity to bless a family who would not otherwise be able to afford a Christian school education?
Married couples filing jointly, S corporations and LLC's, can contribute and receive a tax credit up to $2,500. For those who file as individuals, the limit is $1,000. If you are the owner of a "C" corporation, you can contribute and receive a tax credit up to 75% of your Georgia income tax liability!
Your contribution helps strengthen and grow Killian Hill Christian School by helping to increase enrollment. The school will be able to help more families in need of financial assistance by accessing funds that are in the new scholarship program.
How can you be a blessing to a child who deserves a Christian Education?
1. You can call the school and we will send you a form (IT QEE TP1) to fill out and return to KHCS. No payment is required at this time. When you return the completed form to KHCS, we will mail it to the Department Of Revenue ("DOR") on your behalf. This pre-approval form allows the DOR to make sure that the annual statewide $50 million cap on these available tax credits has not been exceeded.
2. In 30 days or less you will get a form back from the Georgia DOR approving your contribution.
3. You then have 30 days from the approval date to write your check to:
Georgia GOAL Scholarship Program Inc. and designate Killian Hill Christian School in the memo section of the check. You can mail the check to the school and we will make sure that it gets to GOAL.
You will then receive an acknowledgement from GOAL (form IT QEE SSO1) which you will send along with the approved form (IT QEE TP1) when you file your tax return.
4. When you complete your taxes early next year, you get a direct credit against your Georgia income taxes for the amount of your contribution, AND you get a charitable tax deduction on your federal taxes as well if you normally itemize deductions. You get your money back for the contribution because your Georgia taxes are reduced by the same amount!
Frequently Asked Questions
Is there a website address for the scholarship program that Killian Hill Christian School is using?
Yes, we are working with Georgia GOAL Scholarship Program and their website address is www.goalscholarship.org
What is the intention of the new law?
The law is designed to give school choice to families currently in the public school system and who have limited income.
Which students are eligible to receive scholarships through Georgia Goal?
New students to KHCS from the public school system and incoming kindergarten students.
What is the maximum amount I can contribute?
a). Single individual or head of household - $1000;
b). Married couple filing joint return - $2500;
c). 75% percent of a C corporation's income tax liability;
d) $2500 for an S or LLC corporation.
Will my contribution go to KHCS students only?
You will be able to designate KHCS when you send your contribution in to Georgia GOAL but you will not be able to designate a particular student.
You can be part of this wonderful plan at no expense to you! Please take advantage of this opportunity!
What do I need to do to participate?
There are four steps...
1. A Prequalifying Form (IT-QEE-TP1) must be filled out. (These forms are available online at www.khcs.org in the KHCS offices or www.goalscholarship.org). Simply fill out this form and return to KHCS (attention Karen Harrison) to be processed with the Department of Revenue. The DOR will approve it and mail it back to you. From the approval date, you have 30 days to make your contribution.
2. Attach your contribution check made payable to GA GOAL Scholarship Program with Killian Hill Christian School in the memo line, and return your approved form and check to KHCS:
Killian Hill Christian School
(Attention: Karen Harrison)
151 Arcado Rd SW
Lilburn, GA 30047
We will then send your approved form and contribution check to the GA GOAL office.
GOAL will send you a confirmation letter and Form IT-QEE-TP2 that you will need when filing for your tax credit
4. GOAL will send you a confirmation Form IT-QEE-SSO1 which, along with the approved Form IT-QEE-TP1 (Prequalifying Form), and Form IT-QEE-TP2 you will need to send in with your state tax return in order to claim the Education Expense Credit.
Is there a maximum that the student can receive?
Yes, the maximum scholarship is 50% of the KHCS tuition or $10,000, whichever is less.
Can the same student receive scholarship money for more than one year?
Yes, students must qualify each year but there is no time limit to receive the scholarship money.
Is there a deadline to contribute?
Donors must contribute to Georgia Goal within 30 days of the approval date printed on the Georgia DOR approval letter.
Can I designate my contribution particular student?
No, but you can designate the school by putting the school's name in the memo section of your check.
How does the DOR when to stop approving contributions?
The DOR tracks amounts that have been committed using the IT QEE TP1 form. Approvals of contributions stop when $50 million is reached in each calendar year. Approvals are made on a first come, first served basis.
What if a contributor over estimates state taxes and pays too much to Georgia GOAL Scholarship Program?
The amount paid in can be rolled over to next tax year for up to five years.
What if a contributor changes his mind about the amount he wishes to contribute after he receives approval from the state?
The amount can be changed to a lower amount. A contributor cannot increase the amount he had previously designated on the prequalification form.
Where do contributors designate which school they wish to appropriate funds?
Contributors can designate the school of their choice in the memo portion of the check they write to Georgia GOAL Scholarship Program Inc.
For those who would like to apply for a Goal Scholarship...
If you are reading this and wondering how you could receive the blessing of a GOAL scholarship at Killian Hill Christian School, here are the steps you need to take:
1. Learn about KHCS so you can make a wise decision about which Christian school is best for your family. You should visit the schools' website at www.khcs.org and call the school for an information packet.
2. Call the school and make an appointment to be given a tour of the facilities or attend one of our Open House presentations.
3. If you would like to attend KHCS, fill out an application for enrollment.
4. The school will take you through the normal enrollment process and notify you regarding acceptance for your student and approval for your scholarship request.
To find more information about the Georgia GOAL Scholarship Program please follow the link below.
GA GOAL Scholarship Program
3. Get Credit!
