GOAL Announces Updated Program Results for 2018
Georgia GOAL Scholarship Program, Inc. ("GOAL"), the largest K-12 student scholarship organization ("SSO") operating under Georgia's Education Expense Credit law has announced its updated 2018 contribution and scholarship award results.
• 11,092 Georgia taxpayers contributed a total of $20,715,233 to GOAL (this number is after DOR proration of 54.99%, due to overwhelming taxpayer demand).
• Of the 2018 contributons, 49% came from individuals, 37% came from individual owners of pass-through businesses, and 14% came from corporations.
• Since the inception of the program in 2008, GOAL has received $156,734,804 in contributions, which represents an estimated 33% of the total amount contributed statewide under the K-12 tuition tax credit program.
• Through 2018, GOAL has awarded 34,482 scholarships worth $128.2 million to 14,340 students, with an additional $28.6 million being obligated and reserved for the funding of multi-year scholarships that have been awarded or for the awarding of future scholarships.
• The average value of the scholarship awarded to each student has been $3,718, 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 $27,275.
• GOAL has awarded over 50% of its scholarships to families with an AGI of less than $24,000 and approximately 90% of its scholarships to families with an AGI of less than $48,000.
• 45% of GOAL scholarship awards have been provided to minority recipients.
• GOAL has awarded 3,868 scholarships in north Georgia; 13,648 scholarships in metro Atlanta; 8,306 scholarships in middle Georgia; and 8,660 scholarships in south Georgia.