Take a GOAL Tax Credit & Support Rabun Gap’s Mission!
Do you pay Georgia income taxes? If yes, then you could get a dollar-for-dollar tax credit that can support students at Rabun Gap-Nacoochee School. Participants can provide a scholarship and get their money back as a tax credit.
What is Rabun Gap’s mission? Since Andrew Ritchie and his wife Addie Corn founded Rabun Gap in 1903, the school always has provided the opportunity for an excellent educational experience for young people. As in the early days, the school serves learners of all ages, with 600 students from Pre-K through 12th grade, in a college-prep, day and boarding environment.
How can Rabun Gap afford to provide so much financial aid? It can’t! Ever since its earliest days, the school has depended on support from the local community. However, because of the limited economic opportunities in the school’s rural mountain setting and the demographics we serve, it has been blessed to a large degree by caring individuals from farther away, especially from Atlanta and Athens, who have taken an interest in Rabun Gap’s unique mission. These generous people have provided substantial support through their leadership (especially as trustees) and also through their financial donations. Please note, even if all families paid full tuition, it would not cover the cost of running the school. All students, present and past, have depended on the generosity of others. Amazingly, almost 50% of those who support our students through GOAL never had a child or relative at this school; they just help because they like what Rabun Gap is doing!
How did this get started? The Qualified Education Expense tax credit became law in 2008 with the belief that schooling should not have a one-size-fits-all approach. We often refer to the program as “GOAL,” which is the name of our main partner that receives and transfers these tax credit scholarships for us. We also partner with Apogee. For the first ten years, Georgia capped the program at $58 million. It has been so popular that they increased the cap to $100 million starting in 2019.
What if I am a business owner? We appreciate all GOAL participants, but business owners are especially helpful since they can participate at higher levels than non-business owners. Please click here to see which businesses support Rabun Gap through GOAL: Rabun Gap GOAL Business Supporters
How large of a tax credit can I take? Taxpayers can redirect their Georgia income taxes based on their filing status:
Individuals with pass-through income (Partners, LLC members and S-Corporation shareholders) can redirect up to $10,000 per owner. Pass-through participants still receive the dollar for dollar tax credit on their state income tax return.
C Corporations can redirect up to 75% of Georgia income tax liability.
How do I participate in GOAL? 1. Complete the application form at: GOAL Scholarship Application 2. Once you hear from the Dept. of Revenue, fund your scholarship within 60 days, by sending a check to “GOAL” or by using a credit card at: https://www.goalscholarship.org/ 3. When you file your taxes, claim your tax credit.
Rabun Gap-Nacoochee School is a private, coeducational day and boarding school for grades Pre-K through 12, located in Rabun Gap, GA. Centrally located between Atlanta, GA, Greenville, SC, and Asheville, NC, we combine our strong academic program, mountain setting, and Presbyterian heritage to inspire young people who are eager to learn and grow.
Rabun Gap-Nacoochee School does not discriminate regardless of race, color, religion, gender, disability, creed, or national origin.