Earn Oklahoma Tax Credits for Public School Donations

August 8, 2019

Oklahoma Public School Resource Center (OPSRC) is an organization that supports public schools across the state – particularly smaller schools and districts – in an effort to provide a quality education to every child in Oklahoma. It provides discounts and professional training for teachers but also facilitates tax benefits for businesses or individuals who donate to Oklahoma’s public schools.

The Catalyst Education Fund was created from legislation in 2011 and gives grants to rural public schools that deploy innovative academic programs. Any school that is a member of OPSRC and has fewer than 4,500 students in the district is eligible for the grant and can use the money to purchase smart boards, offer STEM programs or other programs deemed “innovative” and “academic.” In Oklahoma, fewer than 30 districts exceed 4,500 students.

Donors who contribute to qualifying public schools through the Catalyst Education Fund can receive an Oklahoma state tax credit of 50% for one year or 75% for a two-year commitment. OPSRC facilitates 100% of the donation to schools and does not charge an administrative fee, despite being responsible for administering the grants.

View a complete list of eligible schools here. If a school you support is not on the list but has fewer than 4,500 students, contact OPSRC to help bring the district on as a member. And of course, be sure your tax advisor is aware of any charitable donations you make.

 

Blog by Crystal Harmon, Tax Director.

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