Home / SGO Calculator SGO Calculator Estimate your reduced cost after tax savings when you donate to Evansville Christian School through the SGO. How Much Would You Like To Donate? Do you plan to itemize your federal tax return? Yes, I itemize my taxes No, I take the standard deduction If you take the standard deduction, you will not qualify for a federal income tax deduction on the donation.Tax Bracket0%10%12%22%24%35%37%Will your donation contain stock? Cash Only Contains Stock or other Securities Donating stock allows you to eliminate the taxes that would have ultimately been owed on that growth when the stock is sold. The growth is called “Capital Gains”.How much capital gain (growth) is in the stock or securities you are donating?This is the current value minus the cost of the stock or securities.HiddenDonation AmountTax Savings50% SGO State Tax CreditValue of Federal Income Tax DeductionValue of Capital Gains Tax EliminatedCost to Donor After Tax SavingsThe cost of the donation after reducing it for the 50% SGO state tax credit.The cost of the donation after reducing it for the 50% SGO state tax credit.For every $1.00 of cost to you, ECS gets:The cost of the donation after reducing it for the 50% SGO state tax credit and the gains tax eliminated.The cost of the donation after reducing it for the 50% SGO state tax credit and the gains tax eliminated.For every $1.00 of cost to you, ECS gets:The cost of the donation after reducing it for the 50% SGO state tax credit and the value of the federal income tax deduction.The cost of the donation after reducing it for the 50% SGO state tax credit and the value of the federal income tax deduction.For every $1.00 of cost to you, ECS gets:The cost of the donation after reducing it for the 50% SGO state tax credit, the value of the federal tax deduction, and the gains tax eliminated.The cost of the donation after reducing it for the 50% SGO state tax credit, the value of the federal tax deduction, and the gains tax eliminated.For every $1.00 of cost to you, ECS gets: The Institute for Quality Education will provide you with a tax credit certification number (TCCN) for your 50% SGO state income tax credit which you can use to pay your Indiana income taxes for up to 10 years. This calculator is for illustration purposes only. Please work with a tax professional when you plan your charitable giving.
