Alabama Accountability Act
Scholarships for Kids
The Alabama Accountability Act (AAA) authorizes donation-funded scholarships that enable low-income students, often zoned for failing schools, to attend qualified private schools. These scholarships are granted by specially created Scholarship Granting Organizations (SGOs) for the sole purpose of taking private donations and awarding them to low-income students in schools that have qualified to receive funds.
How You Make a Difference in the Lives of Cornerstone Students
Cornerstone receives funding from Scholarships for Kids, a state-approved Scholarship Granting Organization under the Alabama Accountability Act of 2013.
Individual taxpayers who donate to Scholarships for Kids may receive a credit of up to 50% of their state tax liability not to exceed $50,000. Corporate taxpayers may receive a credit of up to 50% of their state tax liability, and there is no maximum.
Over 85% of Cornerstone students are zoned for failing schools. Through this program, over 330 students, who would not otherwise have school choice, are given scholarships to attend Cornerstone and receive an excellent education.
To make a no-cost donation and benefit Cornerstone, follow these steps:
- 1. Register your donation on myalabamataxes.alabama.gov.
- 2. Set up a MAT account, or sign in.
- 3. Click on “Report a donation to an SGO”
- 4. Choose “Scholarships For Kids, Inc.” as the SGO name
- 5. Enter your donation amount (up to 50% of your tax liability)
- 6. Mail your check:
- Scholarships for Kids
- P.O. Box 10204
- Birmingham, AL 35202
- 7. Include a note with your check that your donation is inspired by Cornerstone Schools of Alabama.
After the steps are completed, you will receive a letter from the State confirming your tax credit. Please feel free to contact your accountant with this information. If you have questions or need assistance, please contact Mary Claire McDougald via email or 205-769-0278.
Scholarships for Kids is a Birmingham-based SGO that works with Cornerstone Schools to make Cornerstone a feasible option for any family seeking quality private education in a Christian environment.
If you are curious about Scholarships for Kids or other ways to become involved with Cornerstone Schools, click the link below. For additional information or if you need help making your donation, please contact Mary Claire McDougald via email or 205-769-0278.