GOAL Announces Updated Program Results for 2019
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 2019 contribution and scholarship award results.
• 12,137 Georgia taxpayers contributed a total of $36,223,270 to GOAL.
• Of the 2019 contributons, 52% came from individuals, 38% came from individual owners of pass-through businesses, and 10% came from corporations.
• Since the inception of the program in 2008, GOAL has received $192,958,074 in contributions, which represents an estimated 36% of the total amount contributed statewide under the K-12 tuition tax credit program.
• Through October 31, 2019, GOAL has awarded 40,542 scholarships worth $157.2 million to 16,720 students.
• The average value of the scholarship awarded to each student has been $3,877, 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 $27,668.
• GOAL has awarded over 50% of its scholarships to families with an AGI of less than $24,000 and 88% of its scholarships to families with an AGI of less than $48,000.
• 45.3% of GOAL scholarship awards have been provided to minority recipients.
• GOAL has awarded 4,568 scholarships in north Georgia; 16,400 scholarships in metro Atlanta; 9,513 scholarships in middle Georgia; and 10,061 scholarships in south Georgia.