GOAL Program Results as of May 31, 2020
Georgia GOAL Scholarship Program, Inc. ("GOAL"), the largest K-12 student scholarship organization ("SSO") operating under Georgia's Education Expense Credit law, has updated its 2020 contribution and scholarship award results.
As of May 31, 2020:
• 11,744 Georgia taxpayers contributed a total of $34,282,162 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 $227,943,008 in contributions, which represents an estimated 40% of the total amount contributed statewide under the K-12 tuition tax credit program.
• Through May 31, 2020, GOAL has awarded 41,229 scholarships worth $160.8 million to 16,980 students.
• The average value of the scholarship awarded to each student has been $3,899, 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 $27,689.
• 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.
• 45.74% of GOAL scholarship awards have been provided to minority recipients.
• GOAL has awarded 4,643 scholarships in north Georgia; 16,682 scholarships in metro Atlanta; 9,680 scholarships in middle Georgia; and 10,224 scholarships in south Georgia.