As independent school giving is so important to fulfilling St. Andrew’s mission, we are always looking for ways to assist our kind donors in their investment in St. Andrew's. This year the state of Mississippi has made a unique tax credit available to donors to Education Service Charitable Organizations (ESCO) like St. Andrew’s. The Mississippi income tax credit is available for business enterprises engaged in commercial, industrial, or professional activities operating as a corporation, limited liability company, partnership, or sole proprietorship in Mississippi. The amount of the dollar for dollar tax credit that may be utilized in a taxable year shall be limited to an amount not to exceed fifty percent (50%) of the total tax liability of the business enterprise for the taxes imposed by such sections of law. St. Andrew’s is also limited in receiving $250,000 in gifts through this opportunity.
Traditionally, these monies run out slightly after midnight on the morning of January 1. The state will accept applications via email beginning at midnight and time stamp them in order of receipt as the funds available are first come first served.
For more information, see this link
. Any funds directed to St. Andrew’s should list “St. Andrew’s Episcopal Day School” and the organization type is “ESCO”. The current list of ESCOs does not list St. Andrew’s as we have only recently been notified by the state of our qualification.
If you are considering a new gift to St. Andrew’s and you’d like to discuss this more, please contact Donor Relations Coordinator Karri Chaney at email@example.com
and/or your tax advisor.