As of January 1, 2018 – you may claim all donations to Building A Better World Scholarship on your personal or business income taxes. Please go here for more information on our Scholarship.
Federal Tax ID # 82-2399098
What exactly does 501 c-3 Non Profit Status mean? For Us – For You? For Oakridge High School graduates?
- Tax Deduction – Your donation is now fully tax deductible on your personal 1040 tax form.
- Business Tax Deductions – Small Businesses and Corporations may now donate directly to our scholarship and provide donation options to their employees. All of this is tax deductible.
- Early College Students and Promise Scholarship Winners – BBW will hold scholarships of Early College Students and Muskegon Promise Scholarship winners until they move onto their next collegiate stop. Without non profit status these kids would not be able to recoup the benefits of both scholarships. Since we are non profit we can issue the scholarship checks to the winners when they go onto university.
- Scholarship Aid Displacement – Many universities practice Scholarship Aid Displacement; this is not in the students best interest. At such places, scholarships like ours, when added to a student’s financial aid package, reduces the school’s grant total by an equal amount; students attending such institutions would not benefit financially from our Scholarship. Being a non-profit, if a school employs such a practice, we can issue a scholarship check directly to the student, ensuring that they receive full financial benefits.
- Checks – Donation checks must now be made out to Building A Better World Scholarship instead of to Oakridge High School.
- Donations – Donations, cash or check, may still be dropped off, or mailed to Oakridge High School– 5493 East Hall Road – Muskegon, MI 49442 – c/o Bob Wood – or you may donate on this website through Pay Pal. All donations will receive an official receipt for tax purposes.
Building A Better World Scholarship is currently incorporated at Chase Bank in Grand Haven, Michigan 49417. Our Board of Directors is made up of four current Oakridge School District teachers (Bob Wood, Kelly Carlson, Kim Wolcott, and Alicia Parker) a retired OSD teacher (Pat Schroeder) and three past Scholarship Winners – (Jordan “Holter” Milham (2007), Dominique “Jessen” Bunker (2014), and Paula Shay (2015).
Please contact Bob Wood bobwoodmsu@gmail.com Pat Schroeder pschroed5@aol.com, or Jordan Milham jordan.holter@gmail.com for further information. Thank you for taking a look…we hope to have you on board 🙂
