NO Cost to you!
SGO funds provide substantial funding for Lincoln Academy students and we depend greatly on their financial assistance. Lincoln Academy is affiliated with the SGO Scholarship for Kids in Birmingham and RocketSGO in Huntsville. Your gift is a tax credit, not a deduction. In other words, you can provide a scholarship at NO cost to you!
Alabama Tax Credit | SGO Scholarships
Lincoln Academy Scholarships: The Alabama Accountability Act (AAA) authorizes donation-funded scholarships which help low-income students access high-quality education options in qualifying private schools like Lincoln Academy in Huntsville AL. These scholarships are granted by Scholarship Granting Organizations (SGOs) for the purpose of taking private donations and awarding them to low-income students in qualifying schools. You can provide a scholarship at NO cost to you!
How does the Alabama Accountability Act (AAA) work for taxpayers?
You are getting a tax credit. By redirecting a portion of your tax liability to a Scholarship Granting Organization (SGO), you reduce the total amount of your Alabama tax bill by 50%.
Taxpayers may donate up to 50% of their Alabama tax liability for a 100% tax credit. ($50,000 max for individuals; no max for businesses)
Qualify for a federal income tax deduction. (Example: an individual with $10,000 state income tax may make a $5,000 donation to an SGO, receive a $5,000 state tax credit for the donation, and only owe the state $5,000)
At midnight on January 1, $30 million dollar-for-dollar Alabama income tax credits are available on a first-come, first served basis to taxpayers who wish to support low-income children in our state. We expect funds to be claimed before the end of February, so please act quickly!
How do I register my donation for a tax credit?
Estimate Your Donation
Taxpayers estimate their 2019 Alabama income tax liability. If you overestimate and your donation exceeds your 2019 liability, you may carry your credits forward up to 3 years.
Reserve Your Tax Credits
Report your donation to the state through your My Alabama Taxes (MAT) Account.
Don't Have an Account?
Ask your accountant to set one up for you, or follow these instructions:
- Visit myalabamataxes.alabama.gov to create an account (click “Sign Up Here”)
- From the drop-down box, scroll down to choose “Individual Income Tax” and add your SSN and previous year’s Alabama Adjusted Gross Income.
- Choose a username, password, and enter your contact information.
- Print your confirmation screen. You will receive an email with an Authorization Code to use the first time you log in to the MAT system.
Make Your Donation
Sign into your account with your newly created username and password to reserve your tax credit > click “Report a Donation” > choose either Scholarship for Kids or Rocket City SGO.
Get Your State Tax Credit and Federal Charitable Contribution Deduction
- Print your confirmation screen and mail your check within two weeks, payable to either Scholarship for Kids or Rocket City SGO. Checks must be in the same amount as the donation amount entered on MAT. With your check, please enclose a note specifying you were motivated by Lincoln Academy to make your donation.
- Once your donation is verified, you will receive your tax credit receipt from the Alabama Department of Revenue in the mail.
How does how the Alabama Accountability Act (AAA) benefit Lincoln Academy?
The cost to educate a student per year at Lincoln Academy is $9,285. Currently, 98% of students receive a scholarship through an SGO, covering 70% of the costs for the student to attend Lincoln Academy. Parents are responsible for paying $50/month towards tuition, and the remainder is funded by your donations to Lincoln Village Ministry.
Lincoln Academy students receive a Christ-centered education. The staff comes alongside Lincoln Academy students and their families to serve as a support system and help provide needed resources. Lincoln Academy has a licensed counselor on site four days a week to meet with children who need counseling. A HEALS clinic is available to students to address medical, dental, and optometry needs. Personal items including uniforms, coats, backpacks, and shoes are provided to Lincoln Academy students in need. Breakfast, lunch, and food to take home over the weekend are given to children who would otherwise not be fed at home. A variety of resources for parents are made available to help provide a stable and healthy home environment for Lincoln Academy students. By addressing the needs of the children we serve – both educational and others – they are in turn healthier learners.
Once Lincoln Academy students graduate, their scholarship is available for them to attend a qualifying private high school if they so choose. In addition, Lincoln Academy has partnerships with several local private schools who offer high school scholarships to our graduates. Currently, Lincoln Academy has graduated 24 students; 14 attend local public schools, and 10 attend local private schools. 2018 was a milestone year as our first group of Lincoln Academy students graduated high school. Of the seven graduates, five are currently in college, with two receiving scholarships!
The future is bright for Lincoln Academy students. Your partnership to help provide a scholarship for a student to attend Lincoln Academy is greatly appreciated. Please note that while participating in the AAA is a blessing, we pray it will not replace your donations to Lincoln Village Ministry as we rely on the generosity of our ministry friends to cover the remaining cost of tuition and advance the mission of sharing the gospel of Christ. Thank you for coming alongside us as we serve the families of Lincoln Village!
About Lincoln Academy
Lincoln Academy is a private school which seeks to provide a high quality, Christ-centered education to K-8 students who are zoned to public Title I schools. It is our commitment to provide academic content, character-building opportunities and spiritual guidance in a small, Christian environment.
Alabama Tax Credit Videos
Why We Participate
Giving a scholarship to a child at Lincoln Academy is so easy! Learn more about donating up to half of your state income tax liability at...
Alabama Accountability Act
Directing up to half of your state income tax liability to provide scholarships for Lincoln Academy students is so quick and easy! It's a tax credit, not...
In The News
Here are the Alabama private schools---41 of them---that enrolled 30 or more students using tax-credit scholarships.
Please check this page often as additional guidance and information will be included as it becomes published. Reserving a tax credit requires the use of the Department's online portal for taxpayers, My Alabama Taxes. Taxpayers who have not previously set up an account will need to Sign Up for My Alabama Taxes.