Tax Credit Agreement

SB l080 Tax Credit Info & Sign-Up

Qualifying Oklahoma Equal Opportunity Education Scholarship Act Contributions
ORGANIZATION: Oklahoma City Public Schools Foundation
EIN: 73-1222182
CONTACT: Newt Brown
ORGANIZATION ADDRESS:
431 W. Main Street, Suite E, Oklahoma City, OK. 73102
ORGANIZATION PHONE:
(405) 604-5977

PURPOSE: The donor’s non-refundable contribution will be used to support educational services for Oklahoma City Public Schools students, specifically DonorsChoose project support, ReadOKC activities and Teacher Pipeline Program support.

HOW IT WORKS and How to Maximize Your Credit

First, fill out this form. Need more information first? Click HERE for our guide.

We welcome one-year pledges, however, in order to maximize your state tax credit, please read through the benefits of a one-year pledge vs. two-year.

Because of the rigorous reporting requirements, the following minimum contribution levels have been set:

Individuals/Couple $1000
Businesses $2,500

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The most effective way to maximize your state tax credit is to commit in writing to a two-year pledge for a 75% Credit versus 50%. This form is your commitment to both a one-year or a two-year pledge.

Example:

Donation	One-Year (50%)	Two-Year (75%)
$1,000	$500	$750
$2,000	$1,000	$1,500
$10,000	$5,000	$7,500

Today's Date*

MonthDayYear
Date
Donor Type
Contact Name (Business)

First NameLast Name
Contact Name (Individual)

First NameLast Name
Business/Company Name (if applicable):
SSN Donor 1 (Individual or Married):*
SSN Donor 2 (Married):*
EIN:*
Email*
example@example.com
Best Contact Person for this agreement:*
Phone Number*
Please enter a valid phone number.
Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Donor Filing Status:*

Single/Married Filing SeparatelyMarried Filing JointlyQualified Business Entity
DONATION DETAILS
The donor will contribute $   *   for
1 Year- tax credit of up to 50%
2 Years-tax credit of up to 75%*
Date

MonthDayYear
Date
Dollar Amount
Date

MonthDayYear
Date
Dollar Amount
Date

MonthDayYear
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Dollar Amount
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MonthDayYear
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Dollar Amount
Deadlines: All contributions must be postmarked on or before December 31. Gifts must be reported to the OTC on January 10, of the following year, to be credited in year donated. Contributions and this signed agreement should be mailed to Oklahoma City Public Schools Foundation, 431 West Main Street, Suite E, Oklahoma City, OK, 73102 or submitted online.

Documentation: The Oklahoma City Public Schools Foundation will submit required information to the Oklahoma Tax Commission as confirmation of the Donors’ eligibility for a tax credit under the Oklahoma Equal Opportunity Education Scholarship Act. Donor must also submit proof of donation to the Oklahoma Tax Commission when claiming the tax credit.

Important Tax Credit Information: The tax credit has a statewide cap of $25,000,000 and a district cap of $200,000 annually. If total credits claimed exceeds either cap, the credit to the taxpayer will be a proportionate share of the cap for the taxable year after allocation of any amount of credits not claimed by other eligible organizations and taxpayers under the Act. Credits earned but not allowed due to the application of the statewide cap will be considered suspended and authorized to be used in the next immediate tax year and applied to the next year’s statewide cap. Any credits authorized by the Act allowed but not used in any tax year may be carried over, in order, to each of the three (3) years following the year of qualification.
DONOR AGREEMENT: *

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Donor agrees to make a financial contribution to the Oklahoma City Public Schools Foundation that qualifies for an Oklahoma Equal Opportunity EducationScholarship Act tax credit based on the terms outlined in this document.
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SB l080 Tax Credit Info & Sign-Up

DONATION DETAILS