Tax-Credit Scholarship

Tax Credits for Contributions to Scholarship Organizations

  • Enacted:
    2006
  • Launched:
    2007
Apply Now

Program Stats

  • 39%

    Students Eligible

  • 1%

    Funded Eligibility

  • 428

    Participating Students (2024)

  • $3,245

    Average Account Value (2024)

  • 15%

    Public School Funding

  • 6

    Providers or Schools

Program Summary

This program offers a 75% tax credit to businesses that donate to SGOs. A business that makes a written commitment to donate for two consecutive years may receive a 90% credit, provided the second year’s donation exceeds 80% of the first year’s donation. Tax credits for any business are capped at $100,000 per year. Unused credit may not be carried forward. Students must come from families with household incomes below 250% of the FPL. Total credits claimed cannot exceed $1.6 million, meaning roughly 500 students can participate, or 1% of Rhode Island’s K–12 student population. An SGO must allocate at least 90% of its annual revenue toward tuition assistance grants to eligible students.  

Funding Mechanism: Private donors fund this program by donating to SGOs. They receive tax credits for their donation, up to certain limits. 

Universal Eligibility: ❌
Universal Usage: ❌
Universal Funding: ❌
Truly Universal: ❌

(Last updated December 16, 2025)

Use of Funds

Qualifying expenses include tuition and fees.

(Last updated December 16, 2025)

Program Guidelines

View program requirements for parents, schools, and scholarship granting organizations by clicking on each hyperlink.

(Last updated December 16, 2025)

Governing Statutes

44 R.I. Gen. Laws §§ 62-1 through 62-7 

(Last updated April 21, 2025)