GOAL Announces Updated Program Results for 2017
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 2017 contribution and scholarship award results.
• 10,846 Georgia taxpayers contributed a total of $17,313,644 to GOAL (this number is after DOR proration of 49.95%, due to overwhelming taxpayer demand).
• Of the 2017 contributons, 52% came from individuals, 36% came from individual owners of pass-through businesses, and 12% came from corporations.
• Since the inception of the program in 2008, GOAL has received $136,012,039 in contributions, which represents an estimated 33% of the approximately $420 million contributed statewide under the K-12 tuition tax credit program.
• Through 2017, GOAL has awarded 29,484 scholarships worth $108.9 million to 12,614 students, with an additional $27.5 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 $3,697, 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 $26,812.
• 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.
• 44.5% of GOAL scholarship awards have been provided to minority recipients.
• GOAL has awarded 3,405 scholarships in north Georgia; 11,479 scholarships in metro Atlanta; 7,286 scholarships in central Georgia; and 7,314 scholarships in south Georgia.