Tax Credit

The $120 million in Georgia Private School tax credits allocated for 2023 has been fully claimed. The cap was exhausted in 1 day (Jan. 3, 2023). We will begin accepting forms for the 2024 tax year on Jun. 1 through Dec. 15, 2023, and will submit them to the state on Jan. 2, 2024, the first business day of the new tax year.

YOUR Tax Credit: A BIG Impact to Students

At Pace, the Georgia Private School Tax Credit Program makes an extraordinary impact to our student body—providing financial aid for highly qualified students with financial need.

Through the program, state residents, S- and C-corporations, LLCs, partnerships and trusts can redirect a portion of their Georgia tax liability to a Student Scholarship Organization (SSO) in support of financial aid at one or more independent schools of the taxpayer's choice.

When you participate, you receive a 100% tax credit to your state income tax bill for the 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 percent of state eligible tax liability for Corporations or Trusts, or S-Corp/PassThrough electing to pay Georgia tax through the entity.

Participation is Fast and Easy—here’s how:

Pace Academy partners with Apogee Scholarship Fund, a state-approved SSO. You apply to support Pace through Apogee.

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
Email: scholarships@apogeescholarships.org
Fax: 404-419-7101

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.

IMPORTANT NOTE:
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 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.

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Tax Credit Program

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Application form

Tax Credit FAQs

What is the Georgia Private School Tax Credit?

How can these tax credits benefit Pace Academy and me?

You can redirect a portion of your Georgia income tax liability to provide need-based financial aid to qualified students who wish to attend an independent school and are entering Pre-First, first grade or transferring from a public school at any grade. You will receive a dollar-for-dollar tax credit on your state income taxes for the amount of your contribution. The maximum limits are $2,500 for individual filers; $5,000 for married filing jointly; $2,500 for married filing separately; $25,000 for pass-through income received from an LLC, S-Corp or Partnership; and 75 percent of state eligible tax liability for Corporations or Trusts, or S-Corp/PassThrough electing to pay Georgia tax through the entity.

How does it work?

Pace has partnered with Apogee Scholarship Fund, a state-approved Student Scholarship Organization (SSO), to help administer this program. By making a donation to Apogee, your Georgia state taxes are reduced by the same amount as your donation. You receive a tax credit statement to include when you file your state income taxes. Apogee in turn gives your tax credit dollars to Pace Academy to be used for need-based financial aid.

How do tax credit funds help the financial aid program at Pace?

Tax credit dollars are earmarked for students accepted to Pace in Pre-First or transferring from public schools at any grade. These families must demonstrate financial need and must apply for financial assistance through Pace’s Office of Financial Aid. Pace does not award merit-based scholarships. All financial assistance is need-based and must be applied for annually. Tax credit dollars are allocated for the duration of a student’s enrollment at Pace, assuming there is demonstrated need each year.

How many Pace students have received tax credit funds?

Since 2009, Pace has awarded financial aid using tax credit funds to more than 100 outstanding and deserving students across all divisions - Lower, Middle and Upper Schools. Our tax credit budget has steadily grown to allow us to support more students each year, assuming there is demonstrated need each year. These students are thriving in all areas of Pace student life including the arts, athletics, service and school leadership.

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