GHA Scholarship Program - ALEF Fund

Invest in a child’s Jewish education at virtually no cost to you!

New state legislation, called the Georgia Private School Tax Credit allows qualified taxpayers to receive a dollar-for-dollar state income tax credit.  Donations to the ALEF Fund are allocated to Jewish children to attend GHA at virtually no cost to the donor.  Invest in a child’s Jewish education today.

Your questions answered:

How is the education credit better than a tax deduction?

This credit gives you a dollar-for-dollar reduction in the amount you owe in Georgia income taxes. For example, if you donate $1000, your income tax bill will be reduced by the full $1000.

Should I give now or wait until the end of the year?

Please give immediately. The tax credit is capped at $50 million annually. Once the limit is reached, no future donations can be given.

If I am in the Alternative Minimum Tax (AMT) bracket, how does this program impact me?

You will receive a reduction in taxes greater than your donation!

What determines a child’s eligibility to receive this need-based scholarship money?

The child must be a Georgia resident transferring from a public school or entering kindergarten. The child must also meet GHA’s standard enrollment criteria and go through the tuition assistance process. If approved, GHA will receive money for the tuition assistance granted.

Contribution Amounts:

- Up to $1000 for a single individual

- Up to $2500 for a married couple, an S corp, or LLC

- Up to 75% of a C corp’s total income tax liabiliy

How to Instructions:

Pre-Qualification

Complete this Georgia Form and return it to Greenfield Hebrew Academy.

Approval

Within 30 days, you will receive your approval letter from the Georgia Department of Revenue.

Donate

Once you receive the approval letter, you have 30 days to mail in your donation. Please make your check payable to the ALEF Fund and designate "GHA" in the memo line. Please mail your check and approval letter to GHA.

Receipt

When your donation has been processed, you will receive a receipt from the ALEF Fund. Keep this receipt and your approval letter for your tax records.

"Through this wonderful program, we can offer tuition assistance to more families."

  -Bonnie Cook

  GHA's Director of Admissions

"If you are subject to the Alternative Minimum Tax, this gift will actually make you money. This is a win-win all around."

  -Malcolm Minsk

   C.P.A.

"Thank you to the State of Georgia for providing this funding of private school education. My gift is virtually cost free because the State of Georgia reduces my income tax dollar for dollar."

  -Michael Siegel

   GHA Board President

Please contact Adee Weismark if you would like to participate in this program: weismarka@ghacademy.org.  When mailing your form to GHA, please send it care of Adee Weismark.