Ohio Tax Credit Program

Did you know that you can receive an Ohio tax credit and support a US student at the same time? 
University School participates in a program that allows Ohio taxpayers to receive a dollar-for-dollar tax credit for gifts made through the Ohio Association of Independent Schools (OAIS). The OAIS is recognized by Ohio as a Scholarship Granting Organization (SGO). Gifts made through an SGO are directed to need-based financial aid students. 

You will find more information in the following FAQ section, but the bottom line is that Ohio taxpayers can receive a tax credit of up to $750 for an individual or up to $1,500 for a couple filing jointly. It is simple and easy to give online. 
 
 

FAQ's

List of 8 frequently asked questions.

  • How does it work? 

    Visit the Ohio Association of Independent Schools (OAIS) website, make a gift there, and designate University School.  When you file your taxes this spring, you will get a tax credit of up to $750 for an individual or $1,500 from a couple filing jointly.   

  • Who benefits? 

    University School students who receive need-based financial aid. When you make a gift to the SGO supporting University School, we commit these resources to support need-based scholarships for students in the Upper School. 

  • What’s the difference between a Tax Credit and a Tax Deduction? 

    A tax deduction reduces your taxable income. It does not provide a dollar-for-dollar benefit. A tax credit directly reduces the amount you owe in taxes. In the SGO program, each dollar you donate reduces what you owe in taxes by a dollar (up to $750 for an individual and $1,500 for a couple filing jointly).

  • Who qualifies for the Tax Credit?  

    All Ohio taxpayers, including individuals donating through a pass-through business entity. 

  • Is there limit to how much I can give or the tax credit amount? 

    You may make a donation in any amount. However, the amount you will receive in a tax credit is capped at your full amount of state tax liability or $750 (single) or $1,500 (couple filing jointly), whichever is less. 

  • Do I get Annual Fund credit and gift society recognition? 

    Yes, your gift to the SGO receives Annual Fund credit and counts towards Annual Fund recognition levels. 

  • How can I maximize my SGO gift and tax credit?

    Review your Ohio tax liability from last year (1040 IT, line 8c) to help estimate the amount of your Ohio tax liability for this year against which the credit can be taken.

  • Where do I go to give online?  

    Visit www.us.edu/sgogifts to make your gift through the OAIS SGO. Be sure to select University School from the drop-down list of schools. University School receives notification of each gift. OAIS will issue a receipt for your gift that you will use when filing your taxes.  

Questions?

Contact Ben Malbasa ’96, Annual Fund Director at bmalbasa@us.edu or 216-292-2147 with any questions you may have regarding this tax credit program, or Annual Fund giving. 
   

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20701 Brantley Road
Shaker Heights, Ohio 44122
JUNIOR K – GRADE 8
Phone: 216-321-8260

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2785 SOM Center Road
Hunting Valley, Ohio 44022
GRADES 9 – 12
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University School serves over 850 boys in Junior Kindergarten to Grade 12 on two campuses in suburban Cleveland, Ohio. The School’s mission is to inspire boys of promise to become young men of character who lead and serve. Dedicated faculty, rigorous curriculum, and experiential programs foster intellectual, physical, creative, and moral excellence. University School is a diverse and inclusive community where each boy is known and loved. 
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