MAKE A DIFFERENCE
Chances are, you're already paying Georgia income taxes. Why not redirect some of your hard-earned dollars to provide tuition assistance to financially eligible Foundry students?
In 2019, The Foundry partnered with the Georgia GOAL Scholarship Program, a Student Scholarship Organization (SSO) created through the Georgia Education Expense Tax Credit Program. This program enables Georgia residents, corporations, trusts, LLCs, and partnerships the opportunity to designate a portion of their state tax liability to the school's need-based scholarship program. While there is no cost to participants, the program has a tremendous impact on The Foundry's ability to provide financial assistance to students in need.
Many thanks to those who are participating in the GOAL program! We are deeply grateful for the financial support this program will provide Foundry Families.
YOU MAY BE WONDERING...
WHEN CAN I SIGN UP?
Right now, please. There is still a limited amount of money available in 2020, but it won't last long. Get in while you still can. Registration for the GOAL 2021 program is already in full-swing. Apply online today, and be sure to select "Foundry, The" in Peachtree City.
HOW DOES IT WORK?
Participants apply to GOAL by December 31 each year. GOAL sends all applications to the Department of Revenue (DOR) on the first business day in January. The DOR will then send approval letters. Once approved by the DOR, participants must make their payments to GOAL within 60 days. Participants can take a state tax credit when filing their taxes the following spring.
WHAT'S THE MAXIMUM AMOUNT I CAN CONTRIBUTE?
Single individual or head of household: $1,000
Married couple filing joint return: $2,500
Married couple filing separate return: $1,250
C Corporations and trusts: 75% of Georgia income tax liability
S Corporations, LLCs, and partnerships: up to $10,000
WHERE CAN I FIND MORE INFORMATION?
The Georgia GOAL website contains a wealth of information on the history, purpose, and specifics of the program.