How to fund a Scholarship

By now, many of you have probably seen the news about our partnership with Scholarships for Kids. This program is the best chance we have to operate at capacity next year.

Hopefully, you’ve read that the program operates under a provision in the Alabama Accountability Act that allows an individual to designate 50% of their Alabama tax liability (up to $7500) toward private school scholarships for families that meet the income requirements.

This attached Alabama Accountability Act Informational Flyer provides more detail.

For now, I want our families to consider the math:  based on the average family income in Shelby County, the average state tax burden is around $2700.  50% of that is $1350 per family.

There are 134 families enrolled at CCS.

$1350 x 134 = $180,900.  

That is the amount of money that potentially exists–just within our existing CCS families.  That’s not considering alumni, grandparents, aunts, uncles, local businesses.

That’s around forty kids. Forty kids that will get a chance at a CCS education that otherwise wouldn’t have.

Forty kids that will get a chance to meet our Cornerstone–Christ–every single day they spend on our campus.

Forty kids that will get to join this community–this family–that many of us have been a part of for quite some time.

And remember:   this is not a new expenditure. This is money we were all going to spend to fulfill our tax obligation anyway.

So how do you get involved?

1)  Download this guide from Scholarships for Kids. It will walk you through the process of reserving your tax credit. (We have no control over this part of the process.)

2) Mail your check to Scholarships for Kids, being sure to enclose a letter explaining that your funds are intended for Cornerstone Christian–Columbiana. (The ‘Columbiana’ part is especially important, since our school name is fairly common.)

3) Let us know that you’ve done it, so we can keep track internally.  (We don’t need to know an amount–just which families have taken advantage of this opportunity.)

If you have any questions at all about the program, how it works–or if you know a local business that might be interested in a cost-free way to support local private education–please give us a call at the school or email financialaid@cornerstonechargers.com.

Please get involved with this program; parts of it will be a hassle, I know. We are, after all, dealing with tax code. But this program gives us the rare chance to extend our ministry at the same time that we improve our budget, and we must take advantage of that.

And if you have some free time, call your State Representative and thank them for this program; it’s important that we let our elected officials know when we think they got one right.

 

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