Oklahoma
Equal Opportunity
Education
Scholarship Act 

The Oklahoma Equal Opportunity Education Scholarship Act allows Oklahomans who donate to eligible public school foundations or public school districts to reallocate tax liabilities and receive a portion of their gift back in state income tax credits.*  Gifts to designated educational improvement projects allow donors to support innovative educational opportunities for public school students and save on their state taxes.

Couples filing jointly are eligible to receive a tax credit of up to $2,000;
a person filing as an individual can receive up to $1,000;
and a qualified business entity can receive up to $100,000 in state tax credits.

You can make a pledge for a one-time gift or a two-year gift.
One-time gifts are eligible for a 50% tax credit,
while gifts given in two consecutive years are eligible for a 75% tax credit.

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.  You can deduct the portion of your gift not reduced by the tax credit from your federal taxes as a charitable gift contribution if you itemize, making the cost of donating to your local public school even lower.*  
Forms

Learn more about your potential tax credit on the individual or corporate pledge form.  Upload your agreement and agreement using the secure link.

Individual Pledge Form
Corporation Pledge Form
Required Agreement

Upload Your Form and/or Agreement

Deadlines

All contributions must be postmarked on or before December 31st. Gifts made by December 31st will be reported to the Oklahoma Tax Commission on January 10th, of the following year, to be considered for credit in year donated. 

Agreement

Contributions and the required signed agreement should be mailed to:  Edmond Public Schools Foundation,  Attn:  Deanna Boston, P.O. Box 30837 Edmond, OK 73003].  Agreements can be downloaded HERE

Documentation

Edmond Public Schools Foundation will submit the required information to the Oklahoma Tax Commission as confirmation of the Donors’ eligibility for a tax credit under the Oklahoma Equal Opportunity Education Scholarship Act. Donors must also submit proof of donation to the Oklahoma Tax Commission when claiming the tax credit.  A secure link will be sent to you to upload the required Agreement or upload it HERE.

Donate

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 goods or services, etc.  Donate online HERE
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.  This is provided for information purposes only.  For additional questions, please contact your tax professional.    
*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.