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U.S. Treasury Issues Final Regulations on Charitable Contributions and State and Local Tax Credits

TULSA, OKLAHOMA (June 12, 2019) – Yesterday, the U.S. Treasury Department issued final regulations addressing the treatment of charitable contributions to programs that allow for state income tax credits. Under the Tax Cuts and Jobs Act, state and local tax deductions were capped at $10,000. These updated regulations clarify that individuals and businesses cannot get a charitable contribution deduction resulting in state tax credits. However, to protect long-standing tax credit scholarship programs, the Treasury Department offered relief for businesses and…

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  • June 12, 2019

Mount Olive Lutheran School and WovenLife Joins the Opportunity Scholarship Fund

TULSA, OKLAHOMA (May 7, 2019) – The Opportunity Scholarship Fund is excited to welcome two new member schools to its program - Mount Olive Lutheran School in Miami, Oklahoma and WovenLife in Oklahoma City.  These schools, along with our 64 other member schools, join the growing number of private schools that help lower-income families to provide an affordable education option for their children. Started in 1976, Mt. Olive Lutheran School is led by Dan Douglas, a parent of three young…

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  • May 7, 2019

Statement Regarding Failure of SB 407

Over 5,000 students won’t have access to much needed scholarships OKLAHOMA CITY (April 25, 2019) – Rob Sellers, executive director of the Opportunity Scholarship Fund, released the following statement regarding the failure of the House of Representatives to hear SB 407 after the third reading deadline Thursday. This legislation, in part, would have raised the cap on tax credit scholarships for families in Oklahoma. “We appreciate all the representatives who supported this bill, but we are disappointed that more of…

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  • April 25, 2019

It’s Not Too Late to Give for 2018!

There's only 2 days left in 2018, but DON'T PANIC. It's still possible to make your final year-end, tax-deductible donation. You’ll even receive a tax credit! Print a donor form from osfkids.org/donate and mail your donation to 1831 E 71 St, Tulsa, OK 74136 before it’s too late!  All donations must be postmarked on or before December 31, 2018.

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  • December 29, 2018

Benefits to Oklahoma’s Tax Credit Scholarship Program Continue to Grow

Oklahoma City University economists release updated fiscal impact study OKLAHOMA CITY (Dec. 13, 2018) – A new fiscal impact study shows Oklahoma’s tax credit scholarship programs save the state – and public education – money while helping hundreds of lower-income families afford to send their children to private school. The Opportunity Scholarship Fund (OSF) is one of several scholarship granting organizations (SGOs) created under the Oklahoma Equal Opportunity Education Scholarship Act in 2011. An updated study by economists at Oklahoma…

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  • December 13, 2018

Corn Bible Academy, Western Oklahoma Christian School awarded scholarship grants

Clinton, OK (October 11, 2018)  Corn Bible Academy and Western Oklahoma Christian School received scholarship grants totaling more than $100,000 this week from Opportunity Scholarship Fund (OSF). The presentations were attended by school staff, parents, Rep. Todd Russ and OSF director Rob Sellers. The non-profit OSF helps fund the educations of students who might not otherwise be able to attend a private school. “Our donors are very generous, and they want to help low income families have the opportunity to…

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  • October 12, 2018

OSF presents more than $105,000 in scholarships to Enid families

              Ryan Miller | Enid News & Eagle ENID, Okla. — Opportunity Scholarship Fund presented more than $105,000 in scholarships to 47 families at two private Enid schools last Wednesday. The scholarships will allow 47 lower-income families in Enid to be able to afford to send their children to Oklahoma Bible Academy and Emmanuel Christian School.  OSF provided the scholarships to 35 families for OBA and 12 at ECS, said Rob Sellers, executive director. "They would not be…

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  • September 26, 2018