Scholarship Granting Organization (SGO)

Midwest Academy has partnered with the Institute for Quality Education (IQE) as our official Scholarship Granting Organization (SGO). An SGO is a state-designated 501(c)(3) that provides financial needs-based scholarships to students enrolled in non-public schools. All of the scholarships that are awarded are funded by private donations, and the donor can elect to designate their gift to a certain school.

By giving through IQE and designating it to Midwest Academy, you will be providing needs-based scholarships to eligible incoming and current Midwest students, giving them the opportunity to receive a progressive education that addresses their specific academic, social and emotional needs.

As a donor to IQE, you will also qualify for an INDIANA STATE TAX CREDIT of 50 percent and the balance is still eligible for a federal tax deduction. This program is not only available to individuals, but to companies as well. In order to receive the 50 percent State tax credit, your gift must be made to the Institute for Quality Education. Designating your gift to Midwest Academy ensures your funds will be used to provide scholarships to MWA students in financial need.

AMOUNT
DONATE
TO SGO
INDIANA
STATE
TAX CREDIT
FEDERAL
DEDUCTION
(assuming 30% tax bracket)*
ESTIMATED TAX SAVINGS ESTIMATED
AFTER-TAX SAVINGS
COST OF DONATION
500 250 150 400 100
1,000 500 300 800 200
5000 2500 1,500 4,000 1,000
10,000 5,000 3000 8,000 2000
50,000 25,000 15,000 40,000 10,000
100,000 50,000 30,000 80,000 20,000

 

*Please consult your tax advisor for your specific situation. This is for illustration purposes only.
Your gift to an SGO is tax deductible to the full extent of the federal charitable tax laws.

 

To give students in financial need the opportunity to attend Midwest Academy, you can make a gift by cash, check, credit card, or gift of stock.

To ensure that Midwest Academy is the beneficiary of your donation, please click the following link, which will provide detailed giving instructions.