MOSCHOLARS PROGRAM
In 2021, the Missouri General Assembly passed HB349 and SB86 which established the Missouri Empowerment Scholarship Accounts Program known as MOScholars. The law provides state tax credits for contributions to approved, non-profit Educational Assistance Organizations (EAOs). These EAOs use the contributions to award scholarships to Missouri students with Individual Education Plans (IEPs) and students living in low-income households.
The Bright Futures Fund, a 501(c)3 under the Diocese of Kansas City-St. Joseph, is designated by the state of Missouri as an Educational Assistance Organization (EAO) and awards scholarships to qualifying families in the Diocese of Kansas City-St. Joseph and the Diocese of Springfield, Cape Girardeau and Joplin.
TAX CREDITS FUND MOSCHOLARS SCHOLARSHIPS
Any business or individual can re-direct up to half of their MO State income tax liability to the Bright Futures Fund with MOScholars tax credits. Put the tax dollars you are required to pay anyway towards education and a brighter future for a student!
In 2021, the Missouri General Assembly passed HB349 and SB86 which established the Missouri Empowerment Scholarship Accounts Program known as MOScholars. The law provides state tax credits for contributions to approved, non-profit Educational Assistance Organizations (EAOs). These EAOs use the contributions to award scholarships to Missouri students with Individual Education Plans (IEPs) and students living in low-income households.
The Bright Futures Fund, a 501(c)3 under the Diocese of Kansas City-St. Joseph, is designated by the state of Missouri as an Educational Assistance Organization (EAO) and awards scholarships to qualifying families in the Diocese of Kansas City-St. Joseph and the Diocese of Springfield, Cape Girardeau and Joplin.
TAX CREDITS FUND MOSCHOLARS SCHOLARSHIPS
Any business or individual can re-direct up to half of their MO State income tax liability to the Bright Futures Fund with MOScholars tax credits. Put the tax dollars you are required to pay anyway towards education and a brighter future for a student!
How does the process work?
Like with general donations, your contributions ensure that our students have a brighter future. With the addition of the MOScholars Scholarship program, not only are we able to provide even more funds to families and students in need; but contributors to the program can reserve tax credits, equal to 100% of an eligible contribution*
*not to exceed 50% of the donor’s state tax liability for the tax year the credit is claimed. MOScholars tax credits may be carried forward for four (4) subsequent tax years. The tax credit is not sellable, transferrable, or refundable. Learn more here
*Be sure to select Bright Futures Fund as your organization on the State Treasurer's website.
Once a reservation of tax credits has been made with Missouri's Treasurer Office you are able to pay for that reservation via check or wire. Please note that our online, general, donation form should not be used to pay for reserved tax credits. Additionally, per the program rules set forth by the State, these payments can only come from personal or business checks. Please call (816) 714-2338 with questions.
*Please note, in order to use the tax credits you reserve, you'll likely need a MO-TC form for the filing year. The most current version of this form is available through the Missouri Department of Revenue's website once drafted by the state. Be aware that this form is not generated by us, but rather it is a general tax form for any tax credits available in the state.