The Illinois Tax Credit Scholarship
You may have heard about Invest in Kids Tax Credit Scholarships. The program, which becomes effective in Illinois on January 2, 2018, will offer scholarships to students from low-income families who choose to attend private elementary and high schools in the state. In order to qualify for scholarship aid, student families must earn less than 300 percent of the federal poverty level; $73,800 for a family of four.
From a donor’s perspective, the program offers both individuals and corporations the opportunity to make donations to an independent Scholarship Granting Organization (SGO) in return for a tax credit on their Illinois income tax equal to 75% of their gift.
Empower Illinois is the preferred SGO of the Diocese of Joliet. (Note that if you apply for the Illinois tax credit, you will be unable to include the donation to the SGO as a deduction on your federal tax return.) Individual donors who participate in the Invest in Kids program should designate All Saints Catholic Academy as their school of choice when they make their donation to Empower Illinois. Funds directed to All Saints through this program can only be used to provide scholarship assistnace to student families that (a) have made application to the Empower Illinois SGO requesting assistance and (b) meet the household income eligibility requirements. The law gives initial priority to student families who are most in need or who reside in school districts with “Focus” public schools.
In order to apply for a tax credit under the program, donors must visit https://mytax.illinois.gov, create an account and request a Letter ID. Your Letter ID must be issued before you reserve your tax credits.
As the details for this program are just now coming together, we understand that obtaining your Letter ID can take 7-10 business days. Therefore, it is very important that you register and receive your Letter ID immediately so you are prepared to apply for your tax credits on January 2nd.
Please click here for detailed Illinois Tax Credit Scholarship donor instructions.
Interested donors will be able to apply for their Invest in Kids tax credits on the Illinois Department of Revenue’s website beginning on January 2, 2018. It is expected that the entire allotment of tax credits will be claimed within minutes of their becoming available. So please, visit https://mytax.illinois.gov and register today.
By making a gift to Empower Illinois in 2018 and designating All Saints as your school of choice, you will be offering students who otherwise couldn’t afford to attend our school the opportunity to do so. A great way to invest in a Saint!
Of course, you may always support our school directly by visiting: https://co.clickandpledge.com/sp/d1/default.aspx?wid=110623
Thank you for your participation!
2017-2018 Annual Fund Appeal
The Annual Fund Appeal is an opportunity for ASCA supporters to contribute to the school. This program provides funds for school budget needs in areas such as staff development, technology and program enhancement. Many of our donors’ employers provide matching gifts to increase overall Annual Fund receipts. The Annual Fund Appeal will begin in November and conclude during Catholic Schools Week in February; however, your donation is greatly appreciated in any amount at any time.
Your check payable to “ASCA Annual Fund” can be dropped off at, or mailed to, to the school office. It will help us to accurately record your gift if you use the ASCA Annual Fund Reply Card.
If you prefer to donate on-line, you can use the Annual Fund Appeal “Click ‘n Pledge” screen here.
We are grateful for all your interest and support!
Overview of 2017-2018 Family Fundraising Obligation (FFO) Options
Part of the tuition and fees structure at All Saints is the Family Fundraising Obligation, or FFO, a per-family rather than per-student fee set at $500 for families with one or more students in kindergarten through 8th grade, and $250 for families with one or more students only in pre-school.
In the Diocese of Joliet, each school is required to offer families some fundraising opportunities as a part of the cost-to-educate plan. All Saints Catholic Academy works hard to keep fundraising at a minimum, and does not foster the concept of children making solicitations for their school. We will offer each family an opportunity to meet their fundraising commitment in various ways, as outlined below. (Please be advised that there will be, from time to time, other fundraisers at the school that do not qualify for FFO credit, which benefit other areas such as operating budget, classroom initiatives and various charitable activities.)
As an All Saints school family, you may quickly begin fundraising by participating in our Gift Wrap sale which will be announced before the end of August, or by ordering Scrip gift cards or certificates. Other options will be offered as the year progresses. It is our experience that families who systematically utilize a combination of these programs will be most successful at meeting their FFO by the April 2018 due date and not having to arrange for direct payment.
Approved Fundraising Options
1. Charleston Gift Wrap and Gift Sale
Each year we have a fall fund-raiser, selling wrapping paper and supplies and a selection of gift items as well as Christmas cards and magazines. Since 2015, we have a new gift wrap vendor whose array of products have been very well received, Charleston Wrap. This fundraiser begins with distribution of catalogs in late August, continues with orders placed in mid-September, and concludes with delivery of orders to the school or to buyers’ homes in early November.
Orders can be submitted by our school families and their extended families and friends using traditional Paper Order Forms. Extended families and friends will need to make payment directly to the submitting school family, because total balances are ultimately paid by the school family using our automated FACTS payment system. For items paid for via FACTS and sent to the school for pick-up, credits of 50% to 30% will be applied toward your FFO commitment.
On-line credit card orders, whether from school families or from their extended families and friends, will also be credited to your FFO account, provided the person placing the order has entered the school and family identifiers. On these orders, credits will range from 40% to 30%.
Direct home delivery of on-line credit card orders is available, with shipping charges waived on orders of $75 or more. Another option to avoid delivery charges is to have the order delivered to the school to the attention of your family, along with traditional Paper Order Form orders.
2. Auction Item Donations
Our annual Dinner Dance Auction (DDA) will be held on Saturday, March 17, 2018 (St. Patrick's Day). To receive credit toward their FFO commitment, families may donate their own auction items, or obtain item donations from businesses not presently solicited by the DDA Committee, and apply the winning bid amount of the item(s) to their FFO.
The sale amount of auction items that will be applied to a family’s fundraising commitment will not exceed their $500 or $250 FFO for the 2017-2018 school year. There is no carryover or tuition credit on sale amounts in excess of a family’s FFO commitment.
In the fall, when auction items are solicited, helpful guidance will be offered by the DDA Committee on the number and the minimum value of items that can be donated and the types of items we find are most desirable. Information is also available on businesses we already solicit each year.
3. Scrip Cards and Certificates
Throughout the school year, we offer families the opportunity to purchase gift cards and certificates for grocery and department stores, gas stations, local restaurants, travel services and many other businesses. A percentage of the purchase offered by these retailers, etc. (typically 1 1/2% to 6%, but as much 10% or more) will be applied toward the fundraising commitment. (For more information on the wide array of Scrip retailers, go to https://www.shopwithscrip.com and click “Shop” on the menu bar.)
Families will receive credit for their 2016-2017 fundraising obligation for all Scrip orders placed from March 1, 2017 through February 28, 2018. Orders received after February 28th will be credited towards your 2018-2019 fundraising obligation.
Please note the following information about how Scrip credit is applied to a family’s FFO commitment, and may also earn tuition credit for the following year.
Scrip is the last fundraising amount applied to your FFO calculation in March, after all other fundraising credits (gift wrap, DDA donated item sales, etc.) have been applied. Scrip is the only fundraiser that allows you to earn FFO credit for the current year, and possibly tuition credit for the next. After all other fundraising credits are applied to your obligation, Scrip is then applied. Any remaining unused Scrip rebate will then be divided in half, with 50% of the remaining amount going to the family’s tuition credit for the following year (2018-2019 school year), and 50% of the remaining amount going to the school operating budget.
SCRIP is a convenient and powerful fundraising program which earns money for the school, helps school families satisfy their Family Fundraising Obligation, and can even generate future year's tuition credit through the purchase of gift cards/certificates to establishments where the buyer is already shopping anyway!
These gift cards and certificates carry full purchasing power and generate revenue for our school families which range from 4% or 5% (Mariano's, Jewel, Koh's, JCPenney) to 10% and higher (Macy's, Gap, Lands' End)!
For more information and to get started , you can download the following forms and links:
SCRIP Retailers and Rebate Percents
SCRIP Program Overview
2017-2018 SCRIP Easy Order Info
2017-2018 SCRIP Order Release/Waiver Forms
ASCA SCRIP Wisdom from a Current School Family
4. FACTS Payment
Upon request of the family, we will arrange for payment of the FFO balance with a single charge to their FACTS account, any time up to the April 9, 2018 deadline.
All Family Fundraising Obligation balances are due in full by Monday, April 9, 2018. Balances unpaid after April 9th will convert to Tuition, by school policy, and will be collected at that time via direct payment or FACTS Tuition Payment Agreement.
Dinner Dance Auction - Saturday, March 17, 2018
Forms you need to know below:
These forms can be accessed by clicking on each form above; and will also be found on the ASCA website and the DDA website at ascadda.org.
Don’t forget that the auction, “A Green Tie Affair”, will be held on St. Patrick’s Day at the Chicago Marriott Naperville on Saturday, March 17. We look forward to seeing you all at the auction!
TUITION CREDIT RAFFLE
Do you want to win a $5,000 ASCA tuition credit for the 2018-2019 school year?
Buy a ticket for the All Saints Catholic Academy 2018 Tuition Credit Raffle and you could win a $5,000 tuition credit for your family or the ASCA Scholarship Program. Tickets are $100 and only 150 tickets will be sold. Please see the ASCA DDA website for complete rules and restrictions. Remember to buy your ticket early. Tickets purchased before December 18th are also eligible to win a Fees and Forms credit for the 2018-2019 school year!
Tickets go on sale on All Saints Day, November 1st
If you have any questions, please contact Jeanette Jimenez (firstname.lastname@example.org).
How to Purchase a Raffle Ticket
- Tuition raffle tickets can now be purchased online! Go to the ASCA website and look for the Dinner Dance link under "About ASCA". Click on "Tuition Raffle" and you'll be able to purchase your raffle tickets. Or simply click on this link - https://ascacademy.ejoinme.org/MyEvents/AGreenTieAffair/TuitionRaffle/tabid/909642/Default.aspx
- Send in a form with your payment - Click here for the form.