GRACE Scholars - Blessed Trinity Catholic High School

Pre-register NOW for the 2024 Tax Credit Year!
GRACE Scholars is the only Student Scholarship Organization (SSO) that exclusively supports Catholic education. It allows taxpayers in Georgia to contribute to GRACE and receive a 100% tax credit on their state income taxes. This is a no-cost contribution! Money that would have gone to the state can now support Catholic Schools in Georgia. A donor can designate funds to a specific GRACE participating school. The donation can directly benefit Blessed Trinity Catholic High School students!

The goal of the GRACE Scholars program is to afford qualifying families a quality education while providing donors with an opportunity to use their tax dollars towards Catholic school scholarships. Click here to learn more.

For the 2022-2023 school year, 131 benefactors made Blessed Trinity Catholic High School their school of choice for contributions made
to the GRACE Scholars program - changing the lives of children while realizing a great tax benefit. We want to thank all of the families
that chose to participate in this program and hope that they continue to choose GRACE as part of their tax planning strategy for years to come.
For a complete list of all GRACE Scholars contributors, please consult the Annual Report.

Should you have questions relating to the GRACE Scholars program at Blessed Trinity Catholic High School, please contact Maria Diaz at 770-255-5125.

Frequently Asked Questions About GRACE

WHAT IS GRACE?

GRACE Scholars, Inc. is a Student Scholarship Organization (SSO) that allows taxpayers in Georgia to contribute to GRACE and receive a 100% tax credit on their state income taxes. Money that would have gone to the state is now supporting Catholic Schools in Georgia.
A donor can designate funds to a specific GRACE participating school. The donation can directly benefit Blessed Trinity Catholic High School students! All GRACE Scholarships are based on demonstrated financial need.

HOW MUCH CAN I CONTRIBUTE?

Single/head of household – lesser of tax liability or $2,500
Married filing jointly – lesser of tax liability or $5,000. Names and SSN’s are required for both taxpayers
Married filing separately – lesser of tax liability or $2,500
Owners of interests in pass through entities (S corporations, LLCs and partnerships) – Up to $25,000 per owner
C corporations and fiduciaries (estates and taxable trusts) up to 75% of state estimated income tax liability

HOW DOES A TAX CREDIT DIFFER FROM A DEDUCTION?

A tax credit is significantly more beneficial than a deduction. A credit reduces your Georgia taxes dollar-for-dollar. A deduction reduces the taxable income to which the applicable tax rate is applied.
For example: Suppose a taxpayer contributes $1,000 to GRACE. A 100% tax credit reduces the taxpayer’s Georgia income tax by $1,000. On the other hand, the state income tax rate for most Georgians is 6%. So a $1,000 deduction from income would only generate a $60 reduction in taxes. The difference is 100 cents on the dollar for a credit and 6 cents on the dollar for a deduction.

There are 4 easy steps to follow in order
to contribute to GRACE Scholars:

Complete the registration form linked here.
GRACE applies for tax credits with the Georgia Department of Revenue (DOR) in January on the first business day of the new year.
DOR then sends approval letter to the donor in late January and GRACE also notifies donor via email.
Submit contribution to GRACE within 60 days of approval. Deadline around mid-March each year.