Taxpayer-funded scholarship organization releases 2014 financials
Georgia taxpayers gave $15.8 million to 4,314 students to attend private K-12 schools last year, according to a new financial report from the Georgia GOAL Scholarship Program.
The nonprofit entity collects money from the state as directed by donors who get an income tax credit for their contribution. In 2014, taxpayers contributed $18.8 million to GOAL, the largest so-called student scholarship organization created after passage of the state’s 2008 Qualified Education Expense Credit law.
GOAL spent $1.3 million on payroll, marketing, investment advisory fees and other costs, including $110,223 transferred to other student scholarship organizations. Total expenses in 2014, including the scholarships, were $17.1 million. Total revenues, including donations, investment income and in-kind contributions, were $19.5 million.
About the Author
Ty Tagami is a staff writer for The Atlanta Journal-Constitution. Since joining the newspaper in 2002, he has written about everything from hurricanes to homelessness. He has deep experience covering local government and education, and can often be found under the Gold Dome when lawmakers meet or in a school somewhere in the state.
