Georgia Goal Scholarship Fund
Redirect a portion of your Georgia income tax payments to provide scholarships to Perimeter School students. For every dollar you give through this program, you can subtract a dollar from the amount of state taxes you owe. If you pay Georgia taxes, you can receive a 100% tax credit against your Georgia income tax liability.
Because of redirected state tax dollars, we can provide over $892,000 in GOAL scholarships for our students for the 2024-2025 school year.
You can sign up to contribute for 2025 now.
Important FOR 2025 -
You must sign up by December 31, 2023, to contribute for 2025. Payment will not be due until mid-March 2025.
The GOAL cap is $120 million
Contribution limits are as follows:
For individuals:
Complete the 2025 GOAL Tax Credit Application online. It takes just 20 seconds! GOAL will then submit your application to the Georgia Department of Revenue.
Receive approval to contribute. GOAL and the DOR will notify you of the approved tax credit amount and payment deadline.
Pay GOAL by check or credit card within 60 days of DOR approval.
Take the credit. GOAL will send you Form IT-QEE-SSO1 (tax receipt) for claiming the credit on your 2025 Georgia income tax return. Note: you will take the credit when you file your 2025 taxes in 2026.
For Businesses:
Please watch this brief two minute video message that describes the business deduction opportunity for pass-through entities contributing to Georgia GOAL for a tax credit. IRS proposed regulations provide that a payment made by a pass-through business to a charity (such as Georgia GOAL for Perimeter School) may qualify for an ordinary and necessary business expense deduction, even where the owners receive a state income tax credit for the payment. Click here for examples of federal tax benefit, which is $3,500 for a $10,000 contribution under certain circumstances.
Businesses can deduct payments relevant to their trade or business that are made with the reasonable expectation of financial return commensurate with the amount of the payment. The business expense deduction reduces the taxable net income of the pass-through business owner at the federal level, resulting in federal tax savings. Learn more here.
Contact Missy Terjung, Director of Development, at 678.405.2399 for more information.