Tax Credits for Contributions to Scholarship Organizations
Rhode Island
Average Value
$3,009
Schools Participating
51
Student Eligibility
Students must have family incomes at or below 250% of the Federal Poverty Level ($78,000 for a family of four in 2024–2025). _(Last updated July 17, 2024)_
Use of Funds
Qualifying expenses include tuition and fees. _(Last updated July 17, 2024)_
Funding Amount & Source
Scholarships are funded by donations to Scholarship-Granting Organizations (SGOs). Businesses may receive tax credits for donations to SGOs. Those committing to donate for two consecutive years with the second year’s donation equal to or exceeding 80% of the first year’s donation may receive 90% tax credits. Otherwise, tax credits are worth 75% of donations to SGOs. Total credits claimed cannot exceed $1.6 million, meaning roughly 500 students can participate, or 1% of Rhode Island’s K–12 student population. _(Last updated July 17, 2024)_
Legal History
No legal challenges have been filed against the program. _(Last updated February 15, 2023)_
Program Timeline
Program Enacted
Legislation passed to create the program
Program Launched
Program began accepting applications
Last Updated
July 17, 2024