An SFO is a Scholarship Funding Organization. Basically it is an organization which provides financial assistance for attendance at private school. Each SFO is a legal entity with its own rules and governing regulations.Always ask if an SFO has been set up in your state. Scholarship Funding Organizations are permitted by an act of the state legislature and allow corporations to donate tax-deductible funds for K-12 scholarships.
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A Scholarship Funding Organization (SFO) is an organization which provides financial assistance for attendance at private school.
Frequently Asked Questions
What is an SFO in education funding?
An SFO is a Scholarship Funding Organization that provides financial assistance for attendance at private school and is permitted by state legislature to allow corporations to donate tax鈥揹eductible funds for K鈥12 scholarships.
Are there scholarship programs that use tax credits to support private school attendance?
Yes, examples include the Florida Tax Credit (FTC) Scholarship Program, Iowa Education Tax Credits, and the Pennsylvania Educational Improvement Tax Credit Program.
Can corporations donate to help fund K鈥12 scholarships through SFOs?
Yes, corporations can donate tax鈥揹eductible funds to Scholarship Funding Organizations for K鈥12 scholarships.
Which program offers scholarships for private school tuition in Wisconsin?
The Wisconsin Milwaukee Parental Choice Program provides scholarships for private school tuition.
Does Rhode Island have named Scholarship Funding Organizations supporting private school tuition?
Yes, Rhode Island has the Rhode Island Scholarship Alliance and offers tax credits for contributions to scholarship organizations.
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