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 Good News - there is still time to give GRACE in 2021

As of January 29, 2021, the Qualified Education Expense Credit has not been met. Here is the official notification from the GA Department of Revenue:

 

January 29, 2021

 

The Qualified Education Expense Credit Cap is $100 million.

 

2021 Year: For pre-approvals processed through the date of this report, $72,956,152 of the $100 million cap has been pre-approved. As such there is $27,043,048 remaining in the cap.

 

The Department of Revenue provides monthly cap status updates. Sometimes the updates are even less frequent. GRACE will continue to provide cap updates to the schools

as status information is available from the DOR.  

 

GRACE is still accepting registrations for the 2021 Tax Credit. Online registration is open at www.gracescholars.org

 

Thank you for your support!  

 

Completing Your Gift to GRACE 

Thank you again for re-directing your 2021 Georgia state tax liability to GRACE Scholars and designating Cristo Rey Atlanta Jesuit High School as the recipient.  We are truly blessed!

 

Once you have been approved, you will receive an approval letter from the Department of Revenue. The next step in the process is to complete your contribution by making your payment within the next 60 days.

 

There are 3 ways to complete your donation:

  • Check: Make check payable to GRACE Scholars and mail to GRACE Scholars 2401 Lake Park Dr. SE | Smyrna, GA 30080
  • Online (credit/debit card or checking/savings account): GRACE welcomes American Express, Discover, MasterCard, and Visa cards. Click on Contribute Now on the GRACE Scholars website homepage at www.gracescholars.org. There is a processing fee. Be sure to select Cristo Rey Atlanta as the recipient.
  • Stock & mutual fund shares: Such gifts are handled through the Archdiocese of Atlanta Office of Finance. Instructions may be found here: https://www.gracescholars.org/donors/gifts-of-securities-and-mutual-fund-shares/
     

IMPORTANT THINGS TO REMEMBER:

  • SAVE: Save your approval letter for your tax records.
  • DOUBLE or TRIPLE YOUR GIFT: If your or your spouse’s employer has a matching gift program (Coke, Delta, Home Depot, for example) your approved amount may be MATCHED.  Please be sure to process any matches before March 11th so that our school may be eligible to receive additional funds.  The administrator of the matching gift program may call or email GRACE to get the required information and verify the gift.
  • DEADLINE: The 60-day window to complete your donation begins by the date on the letter you received from the Department of Revenue.    

 

For more information to check to see if you have already participated in GRACE Scholars, please contact Carol English, Director of Advancement at cenglish@cristoreyatlanta.org or 404/637-2850.