Oklahoma Equal Opportunity Education Scholarship Act
We are thrilled to share with you a new opportunity that will allow you and other donors to make an even greater difference for Edmond Public Schools students. The Oklahoma Equal Opportunity Education Scholarship Act allows supporters of public education to receive an up to 50-75% tax credit for their contributions to Edmond Public Schools Foundation.
Funds will be used to provide innovative educational opportunities for Edmond Public Schools students. Donations will be used to fund educational programming that aligns with the Edmond Public Schools Foundation strategic goals. Donations will not count as sponsorships for events, partnerships, other sponsorships, in exchange for good or services, etc. Information about these other opportunities can be found on our website https://www.edmondpsf.org/ok-tax-credits
Our organization can honor a total of $200,000 in tax credits this year according to the following criteria:
One-year donations are eligible for a tax credit of up to 50%.
Two-year commitments each year are eligible for a tax credit of up to 75%.
We would love to visit with you in greater detail about this opportunity to partner together to transform educational opportunities for students. Deanna Boston, CEO, will contact you soon to see if you are available for a meeting to learn more. If you have any questions or would like to talk immediately, you are welcome to contact Deanna at (405) 340-2819 anytime. You will also find a pledge form attached to this letter and upon your commitment, we will follow up with you to obtain the required paperwork.
Thank you for your support of Edmond Public Schools Foundation. We are grateful for your investment in Edmond Public Schools students.
Chief Executive Officer
Edmond Public Schools Foundation
Important Tax Credit Information: The tax credit has a statewide cap of $25,000,000 and a district cap of $200,000 annually. If total credits claimed exceeds either cap, the credit to the taxpayer will be a proportionate share of the cap for the taxable year after allocation of any amount of credits not claimed by other eligible organizations and taxpayers under the Act. Credits earned, but not allowed due to the application of the statewide cap, will be considered suspended and authorized to be used in the next immediate tax year and applied to the next year’s statewide cap. Any credits authorized by the Act allowed but not used in any tax year may be carried over, in order, to each of the three (3) years following the year of qualification. The Oklahoma Tax Commission will publish the percentage of the contribution made in the previous year that may be claimed as a credit by contributors by February 15 each year.
*All information provided by the Edmond Public Schools Foundation is for information purposes only. Please contact your tax or legal professional for any professional advice. Your donation is not a guarantee of tax credit. For more information, please refer to the Oklahoma Equal Opportunity Education Scholarship Act.