KNIGHTS OHIO TAX CREDIT FUND
The Knights Ohio Tax Credit Fund is Hoban's Scholarship Granting Organization (SGO), and was created to allow donors to make donations to support tuition assistance for Hoban students while also receiving eligibility for an Ohio tax credit. It is a dollar-for-dollar credit but is limited to the lesser of $750 for an individual (or $1,500 if married filing jointly) or the donor's related State of Ohio tax liability.
Your contribution to the Knights Ohio Tax Credit Fund will directly impact Hoban students while giving you the power to direct your tax dollars. It is a win-win for taxpayer donors and our scholarship recipients. Please take advantage of this opportunity to direct your tax dollars and provide scholarship dollars to our students.
A taxpayer may also be eligible to receive a federal tax deduction for this contribution since it is considered a qualifying charitable contribution. This means that there could be both a state and a federal tax benefit for a charitable contribution depending upon certain taxpayers’ situations.