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Completing 2014 Tax Forms

The info below is how individuals and families filing jointly should  claim the tax credits and deductions for donations made to the Opportunity Scholarship Fund. Businesses should consult their tax preparers. STATE TAX CREDIT: The Tax Commission has been provided your donation information and is expecting you to claim the credits. Make sure that you have your receipt letter from the Opportunity Scholarship Fund in case the Oklahoma Tax Commission asks for it after you file. The amount of the credit will be HALF…

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  • March 11, 2015

Positive Tomorrows Joins OSF

The Positive Tomorrows is the latest school to join the Opportunity Scholarship Fund. Positive Tomorrows began in 1989 as a real collaborative effort among a group of community organizations that recognized that the educational needs of homeless children were not being met. Founding partners included OKC Public Schools, the State Dept. of Education, CampFire USA, Neighborhood Services Organization and the YWCA. As an affiliate of the OKC Public Schools System, the school purpose was to help homeless families collect needed documentation to…

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  • February 17, 2015

Destiny Christian: Not Costly Just Priceless

Destiny Christian School in Del City is the newest member of the Opportunity Scholarship Fund family. For over 25 years, Destiny Christian has been serving children and families in the greater OKC area as Mid-Del Christian School. Thousands of students have walked the halls of the school, learning to read, write, and think critically in an atmosphere of loving discipline not often found today. Hundreds of graduates have gone on to become skilled employees in the workforce – attorneys, accountants, entrepreneurs, medical…

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  • February 11, 2015

OK Tax Credit Facts

The foundation of the Opportunity Scholarship Fund is the ability to offer Oklahoma tax credits as an inducement to contributors. Tax credits in Oklahoma periodically experience criticism and debate in the Legislature and elsewhere. Listed below are several facts about our Fund and Oklahoma tax credits. Oklahoma allowed 40 different tax credits in 2014. Only two of these credits benefit education. One is for donations to Scholarship Granting Organizations (SGOs) that benefit private school students - such as our Opportunity Scholarship…

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  • February 11, 2015

An OSF School: Mission Academy

Published on Apr 24, 2014 (4+ minutes)  Teen Recovery Solutions is a comprehensive recovery program for teens and families. It includes Mission Academy, one of only 24 recovery high schools in the nation. Other programs include Alternative Peer Group, the after-school and weekend program, and counseling. This video is a peek at who we are, what we do, and the key role we play in keeping teens clean and sober.Mission Academy is a participating member of the Opportunity Scholarship Fund.

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  • February 8, 2015

Donors & Tax Preparers

The Opportunity Scholarship Fund (OSF) is one of three Scholarship Granting Organizations (SGO) in Oklahoma. Donations to the OSF create Oklahoma tax credits AND federal and state deductions for charitable contributions. Every donor to the OSF should have received an OSF receipt letter explaining the tax credits and deduction. If you have not, contact our offices and we will assist you. The maximum donation for taxpayers filing individually is $2,000 per year; for families filing jointly is $4,000 per year. Certain business…

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  • February 3, 2015

Isabella in Colorado

Published on Apr 25, 2013 (1+ minutes) Isabella's imaginary story shows how a K-12 scholarship tax credit program could work in Colorado. Everybody wins: Kids like Isabella, taxpayers who contribute to nonprofit scholarship organizations, and the public schools that have more money available per student.

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  • February 2, 2015