South Carolina’s ECENC helps students with special needs attend credentialed private schools. Parents can chose either tuition tax credits or scholarships funded by Exceptional SC.
Individuals and corporations who pay South Carolina taxes can donate to Exceptional SC. Their South Carolina income tax credits are reserved once Exceptional SC reports the donation to the Department of Revenue.
You can learn about the process at ExceptionalSC.org, selecting “Donors” SC Taxpayers can:
No, online donations to Exceptional SC do not require any additional forms or information. Exceptional SC will notify the SC DOR of your donation. However, those donating with stocks or paper check must fill out the Donor Form, which Exceptional SC will forward to DOR. In all cases, DOR will send donors a notification letter for their tax records if they successfully donate before the $10 million cap is met.
You can see how much of the $10m statewide credit cap remains by visit dor.sc.gov, selecting “individual,” then “tax credits” and choosing “what’s new.” Click on “Exceptional Needs Children Educational Credit Information.”
Exceptional SC is organized as a not for profit corporation. Donations made to Exceptional SC may be eligible for a federal income tax deduction in addition to the South Carolina state income tax credits. Talk with your tax advisor for details.