Pledge to Keep Your Taxes Local: Help Parents in Our Shchuna
Thanks to the new Education Choice for Children Act (ECCA) passed by the federal government, taxpayers across the United States will soon be able to redirect up to $1,700 of their federal taxes to the Crown Heights Scholarship Fund. Instead of sending that portion to the IRS, you will contribute it to a registered Scholarship Granting Organization (SGO), in this case the newly founded Crown Heights Scholarship Fund, endorsed by all Crown Heights schools in true achdus.
The IRS provides a dollar for dollar tax credit, so your overall tax bill stays the same, but now your money goes directly toward tuition scholarships for families in our own community.
Who Benefits?
Families in Crown Heights with a household income under $280,000 will be eligible to receive tuition assistance. The more taxpayers who participate, the more scholarship dollars are available, potentially millions each year. The more the SGO collects, the larger the scholarships to each individual child will be,
When Does This Start?
The law goes into effect in 2027, just 18 months away. For now, we are asking families and community members to commit that, should they have a federal tax liability in 2027, they will direct it to this fund. Importantly, anyone anywhere in the USA can participate and receive a dollar for dollar tax credit.
How Can You Participate?
Visit www.chscholarshipfund.com to pledge your commitment and sign up for updates. Then spread the word, every additional participant increases the support available for our parents.
This initiative has the power to ease tuition responsibilities for hundreds of families and transform Chinuch in our neighborhood.
We thank the dedicated individuals, R. Sholom Wolosow, R. Motti Goldstein, R. Pinny Vishedsky, who worked tirelessly to establish the Crown Heights Scholarship Fund. Your vision, effort, and mesiras nefesh have opened the door to a new era of support, achdus, and opportunity for our community.
P. McDonald
Great job! chscholarshipfund
Parents
Will families receiving these scholarships get the full amount received deducted from their tuition bill?
Mushkie
So I guess tuitions will increase by $1700 to justify the school keeping this money. That’s how they operate. Parents get no benefit of a break in tuition.
Anonymous
It would be nice to get a statement from the schools that they pledge not to raise parents tuition (those not paying full) by $1,700 and to make sure the parents see a benefit and it “eases their burden” like they say.
Another thing not being mentioned by anyone is that if your tax is zero, you will not get it back. People will find this out the hard way.
Amy Jacobson
The article states that the taxpayer may allocate up to $1700 a year of their fedrral taxesto a fund. The recipient organization then may use the money for scholarships for income eligible students. There is no specific amount set for any individual student. If the school gets a lot of these funds then the scholarships can be large and if not they will be small.