Sample document

Sample scholarship tax credit receipt

This is what our written acknowledgment for the federal K-12 Scholarship Tax Credit (IRC Section 25F) will look like. You'll give the real one to your accountant. What else your CPA needs →

How the tax credit works
SAMPLE DOCUMENT — FOR ILLUSTRATION ONLY (NOT A TAX RECEIPT)

Next Step Charity, Inc.

EIN: 43-2962320
info@nextstepcharity.org · (337) 366-1464
https://nextstepcharity.org

Written Acknowledgment of Qualified Scholarship ContributionsIRC Section 25F: Federal Scholarship Tax CreditTax year: 2027 (sample)Date issued: January 15, 2028 (sample)

Donor

Jane Doe
123 Sample Street
Anytown, ST 00000

Unique donor number

SAMPLE-000000

The real number follows the format set by the IRS SGO portal. Each spouse gets their own number and acknowledgment.

Qualified Section 25F cash contributions

Date receivedMethodFundAmount
March 3, 2027Cash (online card payment)K-12 Scholarship Fund$1,700.00
Total designated as qualified contributions under IRC Section 25F$1,700.00

Statements

  • Fund designation: The donor designated the contribution(s) above as qualified contributions under IRC Section 25F, made exclusively to the Next Step Charity K-12 Scholarship Fund. They are held in a separate scholarship account.
  • Cash contribution: All amounts above were contributions of cash.
  • No goods or services: No goods or services were provided in exchange for these contributions. (Good-faith value: $0.00.)
  • No earmarking: The donor did not designate or earmark any contribution for the benefit of a specific student.
  • Use of funds: Over 90% of scholarship donations go directly to K-12 student scholarships for qualified elementary and secondary education expenses, and overhead charged to the Scholarship Fund stays under 10%.
  • SGO status: For the year shown, Next Step Charity, Inc. was a 501(c)(3) public charity listed as an approved Scholarship Granting Organization by a participating state. (On a real acknowledgment this line is included only if it is true for that year.)
Authorized officer, Next Step Charity, Inc.
Date

For your tax preparer: The donor claims the federal Scholarship Tax Credit under IRC Section 25F on IRS Form 8525, Federal Scholarship Tax Credit (announced by the IRS; not yet released), listing this SGO and the unique donor number above. The credit is limited to $1,700 per taxpayer per year and is reduced by any state tax credit allowed for the same contribution. Keep proof of payment with this acknowledgment.

Pre-approval notice: Next Step Charity, Inc. is currently completing its IRS 501(c)(3) and qualified SGO setup. Real tax credit acknowledgments will be issued only for qualifying gifts made after our 501(c)(3) recognition and SGO qualification are in effect. This sample is not a receipt, has no tax value, and isn't tax advice. Please consult your tax advisor or CPA.