Want to support innovative educational programming in Edmond? The Edmond Public Schools Foundation can accept contributions for innovative educational programming for the 2023 calendar year. Programs your contribution could support include DonorsChoose, the Student Ambassador program and the Early College program for underserved students in partnership with the University of Centeral Oklahoma.
The Oklahoma Equal Opportunity Education Scholarship Act allows Oklahomans who donate to eligible public school foundations or public school districts to reallocate tax liabilities and receive a portion of their gift back in state income tax credits.* Gifts to designated educational improvement projects allow donors to support innovative educational opportunities for public school students and save on their state taxes.
Couples filing jointly are eligible to receive a tax credit of up to $2,000;
a person filing as an individual can receive up to $1,000;
and a qualified business entity can receive up to $100,000 in state tax credits.
You can make a pledge for a one-time gift or a two-year gift.
One-time gifts are eligible for a 50% tax credit,
while gifts given in two consecutive years are eligible for a 75% tax credit.
Edmond Public Schools Foundation's policy is to accept minimum contributions of $1,000.
The Oklahoma Tax Commission will publish the percentage of the contribution made in the previous year that may be claimed as a credit by contributors by February 15 each year. You can deduct the portion of your gift not reduced by the tax credit from your federal taxes as a charitable gift contribution if you itemize, making the cost of donating to your local public school even lower.*
*All information provided by the Edmond Public Schools Foundation is for information purposes only. Please contact your tax or legal professional for any professional advice. Your donation is not a guarantee of tax credit. For more information, please refer to the Oklahoma Equal Opportunity Education Scholarship Act.
