Educational Credit For Exceptional Needs Children

Program Information

  • STC
  • Program Type: Scholarship Tax Credit Program, Special Needs Program, Corporate, Individual

Student Participation

  • Student must be designated by the South Carolina Department of Education as meeting the federal definition of a “child with a disability” (34 C.F.R. § 300.8)
  • Private school students are also eligible
  • Not discriminate based on race, color, religion or national origin
  • Comply with health and safety codes
  • Have a curriculum that includes courses set forth in the state’s diploma requirements
  • Administer national achievement or state standardized tests
  • Be a member in good standing of the Southern Association of Colleges and Schools, the South Carolina Association of Christian Schools, the South Carolina Independent Schools Association, or the Palmetto Association of Independent Schools
  • Have a compliance audit conducted by an outside entity or auditing firm
  • Submit previous year's scholarship details
  • Apply to the Education Oversight Committee to be considered an eligible institution; application must include:
    • Participating student test scores, by category, on national achievement or state standardized tests, or both, for all grades tested
    • A copy of a compilation, review or compliance audit of the school’s financial statements, conducted by a certified public accounting firm
 
  • A single, state-sanctioned scholarship funding organization may exist and is governed by five directors, two appointed by the Chairman of the House Ways and Means Committee, one who is based upon the recommendation of the South Carolina Association of Christian Schools, one who is appointed based upon the recommendations of the South Carolina Independent Schools Association,  and one appointed by the governor based upon the recommendation of the Palmetto Association of Independent Schools
  • Use at least 98% of contributions for scholarships
  • Allocate all scholarships to exceptional need students
  • Conduct a financial audit performed by a certified public accountant
  • Must annually report:
    • The number and total amount of grants issued to eligible schools in the fiscal year
    • A copy of a compilation, review, or audit of the organization's financial statements, conducted by a certified public accounting firm
    • The criteria and eligibility requirements for scholarship awards

Data Update

Scholarships Awarded
1,951
Schools Participating
112
SFOs Operating
1
2017 Donations
$11,000,000

Financial

Scholarship Cap
- Whichever is less:
-- Tuition and fees
-- $11,000
Tax Credit Value
- 100 percent of donation
Donor Tax Credit Cap
- 60 percent of tax liability
Statewide Cap
- $11 million