What is the Children’s Promise Act and why should you choose Lighthouse Academy for your donation?

Lighthouse Academy for Dyslexia services children with dyslexia in the Gulf Coast region and supports educators and administrators throughout the state of Mississippi.

DEADLINE FOR SUBMISSION IS APRIL 1st, 2022

  • We are only 1 of 3 accredited special purpose schools in Mississippi.

  • Lighthouse Academy services 42 students in 2nd through 6th grade

  • 3-4 year program to prepare students for traditional school environment.

 Change a Child’s Life While Receiving a Tax Credit!

In 2019 the Mississippi Legislature passed “The Children’s Promise Act” which provides dollar for dollar TAX CREDIT to individuals and companies who give to a qualified charity. Through this act, you can give to Lighthouse Academy for Dyslexia and receive your tax credit.

Tax Credit For Business

  • 1. Download and submit the MSDOR application for tax allocation.

  • 2. Give a donation to Lighthouse Academy for Dyslexia.

  • 3. Send your gift certification form to the MSDOR with your Mississippi tax return.

Your donation to Lighthouse Academy can be a DOLLAR-FOR-DOLLAR TAX CREDIT up to 50% of your Mississippi state tax liability. The total funding available for ESCOs is $8 million, but it is first-come-first-serve. Act now to ensure your business benefits!

 

 Tax Credit For Individuals

How your Business Can Change a Child's Life through the Children's Promise Act

  • 1. Download and submit the MSDOR application for tax allocation.

  • 2. Give a donation to Lighthouse Academy for Dyslexia. Your donation may be used for credit to of set your ad valorem tax.

  • 3. Send your gift certification form to the MSDOR with your Mississippi tax return.

When you make a cash contribution to Lighthouse Academy this year, your gift may be used as credit against your ad valorem taxes on real property.

 MSDOR Application

To make sure your gift to Lighthouse Academy is eligible for the full tax credit, you must apply for certification of the credit amount with the MS Department of Revenue. Your gift will be certified within days based on the funds available in the $8 million tax credit fund. You will submit your certification with your state tax return to receive your credit. 30-

Download the application for the:

Business Tax Credit

https://www.dor.ms.gov/sites/default/files/2022%20Application%20for%20Allocation%20to%20ESCOs.pdf

Individuals use the same application as businesses Simply check the box "Applicant is not a corporation and intends to use the credits to offset ad valorem tax" on the back of the form.

Additional Information:

Lighthouse Academy for Dyslexia is a Qualified Educational Service Charitable Organization (ESCO). This designation allows your gift to be eligible for the tax credit.

To learn more about how your gift can benefit the work of Lighthouse Academy, contact: Traci Barrientos at t.barrientos@lighthousedyslexia.org or call (228) 447-4941.

Information shared is based on guidance from the MS Department of Revenue’s Income Tax Technical Bulletin TB 80-501-19-1. Further information can be found at www.dor.ms.gov.