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NW Illinois News

Thursday, April 9, 2020

Strong demand to grow Invest In Kids Scholarships initiative

Schools

By Emily Moore | Feb 27, 2020

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There is a high need for funding for Invest In Kids, a vital program for scholarship assistance, according to Illinois Republicans.

Many House Republicans, including House Minority Leader Jim Durkin, played a key role in the program's development. 

“House Republicans played a key role in helping to enact Invest in Kids in 2017 and are fighting to protect and extend the life of this vital program,” according to a statement on Durkin’s website. 

In its first year, the program raised $61.4 million in scholarship funding, three-fourths of which came from Empower Illinois. 

Businesses and individuals who give a part of their earnings to a scholarship granting organization can receive a 75% income tax credit. The Illinois Department of Revenue allows for $75 million in tax credits each calendar year for the Invest In Kids program. 

For the 2020-21 school year, Empower Illinois alone received 25,000 requests for scholarships. 

“While this level of public interest may mean that not everyone who applied will be able to get aid in the 2020-21 school year, the high level of popular support indicates the continued vital nature of this program,” according to the statement on Durkin’s website. 

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Organizations in this Story

Illinois House of RepresentativesEmpower Illinois

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