Invest in Kids at OLW!
There is an amazing opportunity for you to support Catholic education at OLW AND significantly reduce, or eliminate, your state tax bill at the same time. It is the Illinois Tax Credit Scholarship Program, “Invest in Kids” and it provides a 75% Illinois state income tax credit – not just a deduction – to individuals who contribute money to Empower Illinois.
You must earmark your donation for Our Lady of the Wayside School so it will be used for students that want to attend our school but need financial assistance. For this academic year of 2020-21, OLW provided scholarships to 19 students through Tax Credit Scholarships.
There are a few steps to the process, but the benefit is truly worth the effort. Currently, there is a matching gift program available to help donations make an even greater impact. This program offers 2-for-1 matching to the more than 160 schools run by the Archdiocese of Chicago. There is a cap of $50,000 per school. The program is available until February 28, 2021 or until the matching funds are exhausted. It is expected that matching funds will be used up by the end of January 2021.
For details visit the school website at: http://www.olwschool.org/olw-parents/il-state-tax-credits-empower-illinois