What is the ECENC?
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.
What is Exceptional SC?
Exceptional SC is a special charity called a Scholarship Funding Organization (SFO). Established by the Department of Revenue (DOR), it is governed by a coalition of South Carolina private school association. It exists solely to award scholarships and 97 percent of its revenues must by spent on these tuition grants. Donations to Exceptional SC are eligible for dollar-for-dollar South Carolina income tax credits, as well as federal income tax deductions.
Who are Exceptional SC donors?
Individuals and corporations who pay South Carolina taxes can donate the ECENC. Their South Carolina income tax credits are reserved once Exceptional SC reports the donation to the Department of Revenue.
- Eligible to claim a dollar for dollar credit on state income tax liability;
- (or) Entitled to a tax credit against bank taxes imposed pursuant to Chapter 11, Title 12;
- Limited to a maximum credit claim that is 60% of their one-year tax liability;
- Not allowed to designate specific student or school as beneficiary.
- Limited by a first come, first serve annual statewide cap of $10 million.
Where can I Donate?
You can learn about the process at ExceptionalSC.org, selecting “Donors” SC Taxpayers can:
- Donate online using a credit card or electronic check.
- Mail a paper check along with a completed Donation Form to: Exceptional SC, P.O. Box 211847, Columbia SC 29221.
- Donate through a gift of Stocks, Bonds, and other Marketable Securities: Your account manager should contact 803-896-1633 for delivery instructions.
What is the SFO donor credit process?
- Individual or Corporate donor sends check or donates online to Exceptional SC
- Exceptional SC reports donation to DOR; donor receives credit reservation confirmation
- Credit applied when taxes filed
- Credits are dollar-for-dollar up to 60% of taxpayer’s liability. First come, first served up to $10 million cap.