Stop Sending
Posted on February 10, 2016 by
Jon Dize
-
SGO
That is what the email from the Indiana Department of Revenue said this week: “Stop Sending”. While most people dread an email from the DOR, we get them regularly at The Lutheran SGO of Indiana as we secure SGO Tax Credit certificates for donors to the 48 schools in our SGO family.Unfortunately, this email told us what we already knew was coming: no more credits available. Return to sender, no one home.While last year we ran out of $7.5 million in credits in the middle of June, having to wait only a couple of weeks to have credits available again, this year across the state the SGO program went through $8.5 million in about seven months. Yes, we’re addressing these numbers correctly: even with an extra million of credits, donors zipped through the benefits of supporting scholarships coupled with a 50% state tax credit in record delivery time.