How to Make a Scholarship Donation to CSF & Claim Your Education Tax Credit
Businesses and individuals donating to Children’s Scholarship Fund to fund scholarships for low- and middle-income K-12 children in New Hampshire can receive an 85% Education Tax Credit from the State of New Hampshire against business profits tax (BPT), business enterprise tax (BET), and interest and dividends tax (I&D).
2020 NH Education Tax Credits are available now!
To receive a 2020 Education Tax Credit for your donation to CSF, the following steps must take place in 2020.
Education Tax Credit Applications can be submitted to the NH Department of Revenue are processed on a first-come, first-served basis until the cap in credits is reached. Therefore, businesses and individuals are encouraged to submit the Education Tax Credit Application early in the year and we are happy to assist you. Click here to contact us.
Step 1. Determine your eligibility and contribution amount
Estimate your New Hampshire BPT, BET, or I&D liability for the year. Determine the amount of this liability you would like to contribute to Children’s Scholarship Fund.
Step 2. Apply
Mail your completed Education Tax Credit Application (Form ED-02) to the New Hampshire Department of Revenue Administration at:
NHDRA Education Tax Credit
P.O. Box 637
Concord, NH 03302-0637
You may also file Form ED-02 online at Granite Tax Connect.
Step 3. Once approved, send contribution to CSF
Approximately 1 week after applying, you should receive written approval via mail from the Department of Revenue Administration. Within 60 days of receiving your approval, send your contribution (amount on line 7 of ED-02 application) to:
Children’s Scholarship Fund New Hampshire
89 South Street
Concord, NH 03301
Or donate online via Direct Debit
Note: When making an online donation for an Education Tax Credit gift, you must select Direct Debit rather than credit card for payment method.
Step 4. Receive your tax credit
CSF will send you the Education Tax Credit Scholarship Receipt within 15 days, which you must include with your New Hampshire State Tax Return to receive your tax credit. CSF will use your contribution to assist low-income children with scholarships.
We look forward to partnering this year and for many many years to come to reduce the achievement gap and help New Hampshire children get the education they need.
Which Businesses Are Eligible?
Any business that pays BPT and/or BET in New Hampshire is eligible to apply for Education Tax Credits. If you are interested in making a donation through your business and receiving an Education Tax Credit, please contact CSF Executive Director Kate Baker at email@example.com or (603) 785-0174.
Which Individuals Are Eligible?
Any individual who pays I&D tax in New Hampshire is eligible to apply for Education Tax Credits. If you are interested in making a donation and receiving an Education Tax Credit, please contact CSF Executive Director Kate Baker Demers at firstname.lastname@example.org or (603) 785-0174.
Note: If you are not eligible for an Education Tax Credit, you can still contribute to the Children’s Scholarship Fund (a 501c3 nonprofit) by making a federally tax-deductible charitable contribution.