Organization Reaches $10 million milestone in less than four years
OKLAHOMA CITY (Jan. 26, 2017) – More than 1,000 Oklahoma students from lower-income families are now able to attend private school thanks to a tax-credit scholarship program.
The Opportunity Scholarship Fund (OSF), a scholarship granting organization for Oklahoma K-12 students, raised $5.1 million in donations last year. This was a 50 percent increase from the $3.4 million raised in 2016.
“If it wasn’t for OSF, our children wouldn’t have access to better education in a school that matches our needs,” said Danielle Marie, a parent at Oklahoma Christian School (OCS) and OSF scholarship recipient. Four of Marie’s children use these scholarships to attend OCS in Edmond.
“Our kids were experiencing bullying and discipline issues at their previous schools,” said Marie. “Now they have smaller classrooms, less discipline problems and a better chance for a college scholarship. This scholarship has impacted our family tremendously.”
The record number of donations allows even more low-income students to attend an accredited private school that better fits their individual learning needs, including children with autism, hearing impairments or other special education needs.
“Through the generosity of our donors, we are able to change the lives of thousands of Oklahoma kids,” said OSF President Charlie Daniels.
OSF administers tax-credit scholarships for 60 member schools across Oklahoma.
Scholarships are funded through donations from individuals and businesses. Donors to OSF receive generous tax benefits, including state income tax credits and charitable contribution deductions.
Learn more about OSF scholarships or how to donate at www.osfkids.org.
About Opportunity Scholarship Fund
The Opportunity Scholarship Fund (OSF) is a 501(c)(3) charitable organization helping promote and manage the Oklahoma tax-credit scholarship program. Students qualify based on standards established by individual member school’s financial aid criteria and meet the requirements established by the Oklahoma Equal Opportunity Education Scholarship Act. According to an independent fiscal impact study in 2017, the fiscal return to the state is $1.24 of savings for every $1 of tax credit issued based on the state’s per-pupil spending on common education. When accounting for all funding sources, the fiscal return is $2.58 for every $1 of tax credit issued. Established in late 2014, OSF is the premier scholarship granting organization in Oklahoma.