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Benedictine Military School is a private, Catholic, college preparatory day school for boys in grades 9-12, located in Savannah, Georgia.
Support BC
Georgia GOAL
Apply this fall as we expect to hit the cap on the first day of January 2025.
The GOAL Program is a remarkable and important opportunity provided to Georgians by our elected officials. In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100% state income tax credit!
The GOAL Program is a remarkable and important opportunity provided to Georgians by our elected officials. In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100% state income tax credit!
This is a proven opportunity that is a win-win-win for taxpayer donors, scholarship recipients, and our school community. By simply contributing to Georgia GOAL for a 100% Georgia income tax credit – in other words, by contributing with dollars you must spend anyway – you will help maximize financial aid for deserving families desiring to receive a Benedictine education.
How to Contribute & Take the Tax Credit
- Apply Now
Complete the 2025 GOAL Tax Credit Application today at www.goalscholarship.org (takes just 20 seconds!).
- GOAL Submits to DOR
GOAL submits your 2025 application to the Georgia Department of Revenue (DOR) on the first business day of January 2025.
- Approved to Contribute
By mid-January 2025, GOAL and DOR notify you of approved tax credit amount and payment deadline.
- Make Payment
Pay GOAL by check, credit card, or ACH within 60 days of DOR approval (by mid-March 2024).
- Take the Credit
New Benefit for Business Owners
Good News from the IRS
IRS proposed regulations provide that a payment made by a pass-through business to Georgia GOAL for a designated school like Benedictine may qualify for an ordinary and necessary business expense deduction, even where the owners receive a state income tax credit for the payment.
Businesses can deduct payments relevant to their trade or business that are made with the reasonable expectation of financial return commensurate with (but, according to the IRS, not necessarily equal to) 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.
Your participation in the GOAL program makes a remarkable impact on deserving families and on the overall financial health of our school.
Contact
Please contact Tim Nelson at tim.nelson@bcsav.net with any questions.
Thank you for your support of Benedictine Military School!
Thank you for your support of Benedictine Military School!
