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50% State Tax Credit Opportunity plus a Federal Tax credit



Contribution of$5,000
Federal Tax Bracket of 25%
Federal Tax Bracket of 28%
Federal Tax Bracket of 33%
Federal Tax Bracket of 28%
Indiana Tax Savings (50%)
$2,500
$2,500
$2,500
$2,500
Federal Tax Savings (1)
$625
$700
$825
$875
Total State and Federal Tax Savings
$3,125
$3,200
$3, 325
$3,375 
True Cost of the Donation
$1,875
$1,800
$1,675
$1,625

(1) The federal tax savings is generally equal to the net federal deduction multiplied by the donor’s federal tax rate. The net federal deduction is equal to the donation amount less the state tax credit as state income taxes are deductible as itemized deductions for federal income tax purposes. Actual federal tax savings will vary based on your individual income tax status. Please consult your tax advisor.

Please consider assisting St. Matthew Cathedral School students with this wonderful donation opportunity.

You can make your gift online via credit card at the SGONEI – Select St. Matthew Cathedral School website: https://app.sgonei.org/donations/new?school_id=20

Or you can send a check payable to: Scholarship Granting Organization of Northeast Indiana (SGONEI) with St. Matthew Cathedral School in the memo line and mail to:

Attn: Karen DeRose
SGONEI
915 South Clinton Street
Fort Wayne, IN 46802

Or drop off a check at the John Paul II Center on Dragoon Trail: Attn: Karen DeRose
SGONEI
915 South Clinton Street
Fort Wayne, IN 46802

Please note that the State is requiring paperwork before the end of the year in order to receive tax credit for this calendar year. I strongly encourage you to make your gift before Christmas in order to give the necessary time to allow the diocese to meet all of these deadlines.

Please contact Sister Gianna Marie if you have any questions: 574-289-4535 or 574-303-4771.