Invest in Louisiana’s deserving students, and earn a 95% state income tax credit
At ACE Scholarships, we are changing lives one child at a time by giving low-income parents the freedom to choose the school that is right for their children. You can provide this life-changing opportunity of a quality, K-12 education to disadvantaged children at almost no cost by donating to ACE through Louisiana’s Tuition Donation Credit (TDC).
95% of every donation to ACE directly funds a child’s scholarship. You receive a 95% state income tax credit as well as a federal tax deduction on the non-credit portion of your gift—enabling taxpayers to earn a tax benefit of up to 97%. The TDC also saves the state an estimated $1,103 per K-8 student and $552 per high school student. For those inclined to make a positive, powerful impact on our community, the TDC is simply one of the best tax incentives available.
The best part of your investment in ACE scholars? See your IMPACT firsthand on:
Check our latest third-party research publications for further detail.
Using the above example, assuming the donor owes $1,000 in state income taxes and has a combined tax rate of 30% (federal rate of 24% and state rate of 6%), the tax implications of a $1,000 tax credit donation to ACE Scholarships are as follows:
For questions or more information on how to make a donation, contact Ashley Nelson, President of ACE Louisiana at (985) 246-0011 or [email protected].
Additional Resources
- LA RS 47:6301 is the law that governs the program.
- Rev.Proc.2019-12 allows corporations to treat the tax-credit generating portion of their gift as an ordinary and necessary business expense under section 162 of the Internal Revenue Code (not section 170 or 164)—reducing the corporation’s overall taxable income.
- LA Dept. of Education
- Dept. of Revenue
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Our Students, Our Future: Your support will power the future of our Louisiana community.
TDC PROGRAM INFO
Please note: to receive Louisiana’s Tuition Donation Tax Credit (TDC), you will need to complete the Louisiana Tuition Donation Tax Credit (TDC) Pledge Form associated with your ACE donation.
THE RIGHT SCHOOL CAN CHANGE THE STORY FOR A CHILD IN NEED
Donate Today »EVERY CHILD DESERVES
A GREAT EDUCATION
That’s our stand. At ACE Scholarships we’re committed to helping lower-income parents provide that opportunity to their children. Our mission is to advance K-12 educational freedom, with a focus on securing financial support for families so they may access the quality education of their choice.
