HFCS receives $436,000 directed towards scholarships

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HFCS receives $436,000 directed towards scholarships

Funds received by Holy Family

  • Holy Family Classical School received $436,137 in the past five years to distribute in scholarships to deserving students.
  • Holy Family donors received tax credits of 75% of their donations if they committed to a two-year gift.
  • Donors received tax credits of 50% of their donation if they made a single one-year gift.

 

Funding directed to HFCS by GO and Veritas in the past five years

 

GO for Catholic Schools and Veritas are two tax credit scholarship granting organizations for all diocesan schools in the Diocese of Tulsa & Eastern Oklahoma. GO for Catholic Schools and Veritas make possible the opportunity of Catholic education for those who may otherwise not be able to afford it.

When you contribute, you may designate up to 90% of your contribution to benefit the Catholic schools of your choice.

 

How Individual Donors benefit

When they contribute to GO for Catholic Schools & Veritas

  • Individual donors may receive up to $1,000 in tax credits
  • Married donors may receive up to $2,000 in tax credits
  • Qualified businesses may receive up to $100,000 in tax credits

Benefactors can give whatever amount they feel that they are able to assist a deserving student to afford to attend their Catholic school. Any donor that pays income taxes in the state of Oklahoma can benefit from these tax credits.

An Oklahoma state income tax credit is like a gift card from the State of Oklahoma that you can use to pay your state income taxes. For example, with a $1,000 tax credit from the State of Oklahoma, you can pay $1,000 in state income taxes. Individuals can receive up to a $1,000 tax credit annually, married couples can receive up to a $2,000 tax credit annually, and legal business entities can receive up to a $100,000 tax credit annually.

GO for Catholic Schools and Veritas are two tax credit scholarship granting organizations for all diocesan schools in the Diocese of Tulsa & Eastern Oklahoma. GO for Catholic Schools and Veritas make possible the opportunity of Catholic education for those who may otherwise not be able to afford it.

You may designate up to 90% of your contribution to benefit the Catholic schools of your choice.

This is part of a series about the scholarship granting organizations which benefit Holy Family Classical School and its donors. Learn more at goforcatholicschools.com and veritasok.org.

 

How Businesses benefit

  • Individual donors may receive up to $1,000 in tax credits
  • Married donors may receive up to $2,000 in tax credits
  • Qualified businesses may receive up to $100,000 in tax credits

 Any individual, couple/family, or qualified business entity filing taxes in the state of Oklahoma are eligible to receive a tax credit. The law states that a “qualified business entity” includes limited and general partnerships, corporations, subchapter S corporations and limited liability companies that file as a partnership, corporation, subchapter S or sole proprietorship.

Qualified business entities may contribute up to $100,000 per year. You may designate up to 90% of your contribution to benefit the Catholic schools of your choice.

 

Friends of Catholic Education

helps students who require scholarships to attend HFCS

  • Friends of Catholic Education (FOCE) was formed 27 years ago
  • FOCE has supported 14,000 students
  • 100% of FOCE donations goes to schools with students in need

Students at Holy Family Classical School, Saint Catherine of Alexandria, Sts. Peter & Paul, and the Instituto Bilingue Guadalupano at St. Francis Xavier benefit from the generosity of Friends of Catholic Education and their donors.

Donors entrust FOCE with their gifts knowing that FOCE matches the gift dollar for dollar.

The beauty of Friends of Catholic Education is its simplicity. There is no overhead. Every dollar donated to FOCE is given to a local Catholic school.

In Holy Family’s case, Head of School Mr. Everett Buyarski and Cathedral Rector Father Brian O’Brien consider the level of need for each individual family. FOCE provides scholarship assistance based on Mr. Buyarski’s and Father O’Brien’s requests.

Learn more at focetulsa.org

 

 

Get more information:

https://goforcatholicschools.com/

https://veritasok.org

https://focetulsa.org

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