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Opportunity Tax Credit

Make a meaning impact in the lives of our students!

The Oklahoma Equal Opportunity Education Scholarship Act empowers you to choose our students as beneficiaries of a portion of the taxes that you pay. Your contribution powers innovative education initiatives that benefit ALL students in Tulsa Public Schools.

To participate in the Oklahoma Equal Opportunity Education Scholarship Tax Credit, simply complete the contribution form and submit it with your payment. You may mail the form and check to the Foundation for Tulsa Schools or drop them off at our office during business hours. You can also email us the form and contribute through our online portal. Once received, we will process your contribution and provide the documentation you need for your tax records. Your participation helps expand educational opportunities for Tulsa Public Schools students while allowing you to receive a valuable state tax credit.

Contribution Form
Tax Credit Giving Portal
Questions? Connect today

One-year contributions may receive up to 50% in tax credits and two-year contributions may receive up to 75% in tax credits. The sample amounts below are calculated to receive the maximum state tax credit.

1-Year Commitment

 

Annual Amount

50% Tax Credit

Filing as an individual

$2,000

$1,000

Couple Filing Jointly

$4,000

$2,000

Business Entity

$200,000

$100,000

2-Year Commitment

 

Pledge

Annual Amount

75% Tax Credit

Filing as an individual

$2,667

$1,333

$1,000

Couple Filing Jointly

$5,334

$2,667

$2,000

Business Entity

$266,000

$133,000

$100,000

 

“We are excited for this opportunity to support Tulsa Public Schools and public school districts throughout the state. We know that a healthy and strong public school district is paramount to have a thriving community. We hope that individuals and companies of all sizes take advantage of the Oklahoma Equal Opportunity Education Scholarship Act and support the school districts near them. We know that together we can build a stronger community through the support of public education.” 

– Moises Echeverria, President & CEO of the Foundation for Tulsa Schools

Frequently Asked Questions

Tax credits and tax deductions both decrease the total that you’ll pay in taxes, but they do so in different ways. A tax credit is a dollar-for-dollar reduction of the money you owe, while a tax deduction will decrease your taxable income, leading to a slightly lower tax bill.

               A Tax Deduction                  A Tax Credit
     REDUCES TAXABLE INCOME       REDUCES INCOME TAXES
  A $1,000 tax deduction in a 35% tax       bracket saves you $350 in taxes       A $1,000 tax credit in ANY tax            bracket saves you $1,000 in taxes

Any individual, family or qualified business entity paying taxes in Oklahoma is eligible to contribute to their foundation designated fund and receive tax credits.

  • All individual taxpayers making a single-year contribution are eligible for Oklahoma income tax credits up to 50% of the allowable contribution amount. The amount of tax credits may not exceed $1,000 for individual filers, $2,000 for those filing jointly. Contributors who pledge in writing to give the same amount over TWO consecutive years may receive up to a 75% tax credit for BOTH years.

 

  • All qualified businesses are eligible for Oklahoma income tax credits up to 50% of the allowable contribution amount. The amount of tax credits may not exceed $100,000. Contributors who pledge in writing to give the same amount over TWO consecutive years may receive up to a 75% tax credit for BOTH years.

 

Yes! All taxpayers can make a contribution if filling taxes individually or jointly both for their personal taxes and for their qualified business.

Your tax credits may be used in the immediate following year.  For example, tax credits received from a 2025 contribution may be used to offset income taxes on your 2026 Oklahoma tax return filed in 2027.

The tax credit is good up to the state tax liability.  The tax credit from a public school district or school foundation is not refundable.  You may only use this tax credit as an offset to Oklahoma income taxes.  Any tax credit not used in a given tax year due to no tax liability may be carried over for up to three years.

Donations that are postmarked by December 31 will count as a charitable contribution made during that calendar tax year.

The tax credit that you get for contributing may be claimed when you file your tax return the following year.  Federal and state tax deductions for your charitable contribution may also be claimed, if you itemize, when filing your annual tax returns.

Please consult your professional tax advisor for specific tax advice.