News > Fostering Success Tax Credit Supports Youth Aging Out of Foster Care

Fostering Success Tax Credit Supports Youth Aging Out of Foster Care

Posted: July 31, 2023

Did you know that the State of Georgia has over 11,000 children in foster care and that each year hundreds of youth age out of the foster care system without the support network they need to transition to adulthood successfully?

Fortunately, the Fostering Success Tax Credit, also known as the Qualified Foster Child Donation Credit, creates a new income tax credit for donations made by taxpayers to qualified foster support organizations that provide additional support to foster youth between the ages of 16 and up to age 25. This means you might be able to offset Georgia state income tax liability by making a donation!

Three Georgia Methodist-related nonprofits, including The Methodist Home of The South Georgia Conference, Murphy-Harpst Children’s Centers, and Wellroot Family Services, have been certified by the Division of Family and Children Services to be eligible for the Qualified Foster Donation Credit Program for the calendar year 2023. To learn more, please contact the Georgia Department of Revenue or visit The Methodist Home, Murphy-Harpst, or Wellroot Family Services. Please contact your tax advisor with any specific questions.

Helpful Hint for Church Leadership

Fall and the charge conference season is a great time for church leadership to do an annual audit of who can sign documents and authorize financial transactions on behalf of the church. When church officers...