Donate to St. Matthew School Scholarships:
Help Families Afford a Quality Catholic Education
and Get Substantial Tax Credits
Dear Parishioners and Generous Benefactors:
We are very proud of the accomplishments of St. Matthew Catholic School. This success would not be possible without the support of St. Matthew parishioners and benefactors. Our school provides a quality Catholic education and continues to receive an “A” grade–the highest possible–from the Indiana Department of Education. As our costs continue to increase, we want to help children from low- to middle-income families receive the benefits of attending our school.
St. Matthew Catholic School partners with the Institute for Quality Education, a scholarship granting organization (SGO), which allows donors to support private education through tuition assistance and receive a substantial Indiana state tax savings of 50 percent of the donation (in addition to a federal tax deduction).
How Does It Work? Instead of donating directly to the school, you give a gift to the Institute for Quality Education (IQE), designating St. Matthew Catholic School as the beneficiary. IQE distributes the money to St. Matthew to be used for tuition assistance for qualifying families.
Donors who are Indiana residents will earn a 50 percent state tax credit on gifts made through IQE. In addition to the Indiana tax credit, your donation is eligible for federal tax deductions. Depending on your personal circumstances, this can result in substantial tax savings, greatly reducing the actual cost of your contribution. Consult your tax advisor for details.
Over the past 10 years, our SGO donations, funded by individuals like you, have allowed many students to attend St. Matthew School. Through that generosity, we have given 176 SGO grants totaling $211,951.81. However, that in turn gave families a qualifying pathway whereby 211 students received vouchers from the state in future years totaling $2,055,256.51!
Unlike vouchers, SGO scholarships are not funded by the state but instead are funded by charitable contributions. I am asking for your donation today so we can continue assisting students through these scholarships. With the state recently increasing the income eligibility requirements for vouchers, more families will be eligible but will have to receive an SGO first as a pathway, so our need for more funds is crucial this year.
Donate Now. To learn more, watch the video at https://www.i4qed.org/sgo/donors. You can make your contribution printing out and mailing in the form at https://bit.ly/StMattSGO or by donating electronically at https://sgo.i4qed.org/donate. Be sure to specify St. Matthew Catholic School, Indianapolis, as the designated school. Please feel free to contact me with questions.
On behalf of our students and our school, I thank you for your ongoing prayers and support of St. Matthew School.
David D. Smock, Principal