When you give to the Sagamore Institute, you’re giving to GCA! Your gift provides access to a Christ-centered GCA education for students with financial needs.

Individuals or corporations of any type are eligible to take advantage of a 50% tax credit against their state tax liability and may also be eligible for a federal deduction if they itemize. This means that a $1,000 gift will cost $500 (or less!) out-of-pocket.

“What’s the catch?”

There isn’t one! These are the only restrictions:

• The State of Indiana sets aside $18.5 million annually statewide for these credits, so if that amount is depleted, tax credits for new donations will not be available until the following July 1st (This has only happened once in the last seven years.).

• If the amount of your credit exceeds your tax liability, the unused credit may be carried forward for up to nine years, but it may not be carried back or refunded.

Contributions toward GCA’s Scholarship Fund through the Sagamore Institute help ensure that a high-quality, Christ-centered education is accessible and affordable for all students who meet the school’s admission requirements. Families frequently share how life-changing financial aid awards have been!

• Your gift qualifies for a 50% state tax credit and will be subtracted from your Indiana tax liability.

• If you itemize your charitable contributions on your federal return, you are able to deduct an additional 50% of your gift.

• Gifts of appreciated stock qualify for multiple tax advantages — sometimes making the final out-of-pocket cost around 17% of the gift amount!

Please consult with your tax advisor for advice regarding your individual situation.

GCA awards more than $300,000 in financial aid each year. The majority of these funds are written off as unrealized tuition payments. Donations to the SGO help to offset this budgeted amount and allow the school to redirect funds to other areas of need!

Donate appreciated stock!

How would you like to give $10,000 for a financial scholarship to GCA – while only spending $1,960 of your own money? This may sound too good to be true, but thanks to Indiana’s School Choice Scholarship Tax Credit Program administered through the Department of Revenue (DOR), it’s possible. It’s a win for the donor AND the school, all while making some local families’ dreams of a Christ-centered education for their children a reality.

Here’s how it works:

Let’s assume Jane gifted $10,000 of appreciated stock.

Total Stock Value: $10,000 with cost basis of $5,000.

Stock with 100% unrealized capital gain.

-$5,000 Indiana income tax credit

50% of $10,000 = $5,000

-$1,850 of federal tax savings

Jane itemizes her charitable deductions on her federal tax return and is in the 37% tax bracket.

-$1,190 in long-term capital gains savings from stock gift

$5,000 of unrealized gains x 23.8% (includes net investment income tax)

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= Jane’s out-of-pocket cost of $1,960 for a gift of a $10,000 scholarship!