Reduce Your Illinois Income Taxes
and Help Fenwick Students!
The IL Tax Credit Scholarship program has been extended for at least one more year to include 2021, 2022 and 2023! You can “pay” your Illinois income taxes in 2021 by taking advantage of the Illinois Tax Credit Scholarship program as follows:
- Make a contribution to a scholarship granting organization (SGO) like Big Shoulders Fund or Empower Illinois.
- Direct your contribution to Fenwick
- Get a 75% state income tax credit (not a deduction, a credit!) for the amount of your donation
Take advantage of this program now for 2021! If you do not use all your tax credits in 2021, you can roll them forward for up to five years!
The stock market is still trading near all-time highs! Take advantage of double tax savings by contributing long-term appreciated stock to an SGO (thus avoiding capital gains tax), direct your gift to Fenwick, and receive a state income tax credit of 75% of the amount of your gift!
“You might ask yourself, ‘Is it really worth it?’ Believe me, it is! Pay your Illinois income taxes and feel good about it by helping a deserving Fenwick student. That’s a win-win!”
-Tim Culhane ‘85
For more information about the Illinois Tax Credit Scholarship program, please see either of the above SGO websites or contact Chris Ritten, V.P. of Institutional Advancement, at Fenwick: 708-948-0350, email@example.com.
For a list of Frequently Asked Questions
Fenwick High School does not provide tax or legal advice.
Please consult your tax/legal advisor before making any contribution through the IL tax credit scholarship program.