The $120 million in Georgia Private School tax credits allocated by the state legislature for 2024 were fully claimed on Jan. 2, 2024, the first business day of the new tax year. Applications to participate for the 2025 tax year can be submitted from June 1, 2024, through Dec. 15, 2024. Please apply early before 2025 funds are claimed!
YOUR Tax Credit: Impacting pace, impacting students
The Georgia Private School Tax Credit Program makes an extraordinary impact at Pace Academy each year by providing financial aid dollars that allow Pace to enroll the most highly qualified applicants regardless of financial circumstances.
Through the program, state residents, S- and C-corporations, LLCs, partnerships, and trusts are able to redirect a portion of their Georgia tax liability (see limits below) to support financial aid at the independent school(s) they choose. Participants apply for the tax credit and make payments to an approved Student Scholarship Organization, or SSO. Pace partners with the Apogee Scholarship Fund.
Think of it as prepaying taxes you already owe to the state and giving them to Pace. You receive 100% credit on your state tax return for the full amount of your contribution.
TAX CREDIT LIMITS
- $5,000 married filing jointly
- $2,500 married filing separately
- $2,500 single individual
- $25,000 S-Corp/LLC/Partnership
- 75% of state-eligible tax liability for Corporations or Trusts, or S-Corp/PassThrough electing to pay Georgia tax through the entity
Paperless – apply online.
- Click here to complete the electronic form.
- No signature is required.
Printed form – apply by mail, fax or email.
- Click here to print the form.
- Mail, fax or email the completed form to Apogee at:
Apogee Scholarship Fund
3330 Cumberland Blvd, Suite 400
Atlanta, GA 30339
Apogee stays in touch with you throughout the process, notifies you by email (or letter if an email address is not provided) when your application is approved and provides payment details. To finalize your participation, Apogee must receive payment from you within 60 days of state approval. Think of it as prepaying taxes you already owe to the state and giving them to Pace. You receive 100% credit on your state tax return for the full amount of your contribution.
Please visit the Apogee Scholarship Fund website for more information.
Participation in the Georgia Private School Tax Credit Program is NOT a charitable donation to Pace Academy; rather it’s a redirection of tax liability already owed to the state of Georgia. We hope you will also contribute to The Pace Fund, each year, to help Pace fund other important educational priorities.
About Financial Aid
Tax credit funds are an important part of Pace Academy's overall financial aid resources and are restricted to students starting at Pace in Pre-First or first grades or matriculating to Pace from public schools in any grade. Funds are assigned based on a family’s demonstrated financial need.
Parents or guardians interested in applying for financial aid should contact Pace Academy's financial aid office at 404-240-9109. Visit the Pace Academy Tuition & Financial Aid page.
For more information about the Georgia Tax Credit Program, go to the Georgia Department of Education website.
- When and why was the Georgia Private School Tax program established?
- How can these tax credits benefit Pace Academy and me?
- How does Pace determine distribution of tax credit financial aid?
- What is the impact of the program at Pace?
- Does my participation in the Georgia Private School Tax Credit program count as a charitable deduction?