GOAL Program Results as of December 31, 2020
Georgia GOAL Scholarship Program, Inc. ("GOAL"), the largest K-12 student scholarship organization ("SSO") perating under Georgia's Education Expense Credit law, has updated its 2020 contribution and scholarship award results.
As of December 31, 2020:
• 12,559 Georgia taxpayers contributed a total of $38,631,117 to GOAL.
• Of the 2020 contributons, 54% came from individuals, 37% came from individual owners of pass-through businesses, and 9% came from corporations.
• Since the inception of the program in 2008, GOAL has received $232,291,963 in contributions, which represents an estimated 40% of the total amount contributed statewide under the K-12 tuition tax credit program.
• Through December 31, 2020, GOAL has awarded 47,547 scholarships worth $191.5 million to 19,232 students.
• The average value of the scholarship awarded to each student has been $4,027, with the balance of tuition costs being paid by scholarship families together with other financial aid provided by the participating private schools.
• Since inception, the average adjusted gross income ("AGI") of the scholarship recipient families (as adjusted for family size) has been $28,056.
• GOAL has awarded approximately 50% of its scholarships to families with an AGI of less than $24,000 and 87% of its scholarships to families with an AGI of less than $48,000.
• 46.02% of GOAL scholarship awards have been provided to minority recipients.
• GOAL has awarded 5,306 scholarships in north Georgia, 19,500 scholarships in metro Atlanta, 10,992 scholarships in middle Georgia, and 11,749 scholarships in south Georgia.