May 29, 2024 10:07 am
Search
Close this search box.

Local News

Tax credit to help kids aging out of foster care raises nearly $10 million

iStock

Dave Williams, GPB News

ATLANTA — A nonprofit formed to help administer a new state tax credit to support foster children aging out of the system raised nearly $10 million during its first year.

Legislation the General Assembly passed unanimously last year authorized $20 million for the tax credit.

The state Department of Revenue approved $9.7 million in contributions to Fostering Success Act Inc. (FSA), donations that came from more than 180 businesses and individuals. As a result, the nonprofit issued funds to help more than 100 young people enroll at 37 universities and technical colleges across Georgia. 

“These funds will go a long way to make sure many of these kids who have left foster care can have food to eat, afford to get to work — and most importantly — be able to enroll in college or a technical school so they can find a good-paying job,” FSA Chairman Richard L. Jackson said Thursday. “This tax credit will change the trajectory of their lives.”

About 700 young Georgians age out of the foster care system each year, most with no family to return to after they leave the system. Data from numerous studies shows most who leave foster care end up homeless, in chronic poverty, in jail, or become victims of human trafficking.

Under the legislation, individual taxpayers can receive dollar-for-dollar state income tax credits for up to $2,500 per year contributed to the program, while married couples filing jointly can receive up to $5,000. Corporate donations are limited to 10% of the company’s annual tax liability.

“We believe as more people learn about our mission and this important tax credit, more companies and individuals will see how they can make a difference in reducing poverty, addiction, homelessness, and incarceration by donating to the beneficial income tax credit,” said Heidi Carr, FSA’s executive director.

For more information on the tax credit, go to https://fosteringsuccessact.org.

This story comes to OTP Tribune through a reporting partnership with GPB News, a non-profit newsroom covering the state of Georgia, and Capitol Beat.

Georgia Supreme Court justices appear skeptical of Athens DA’s claim of open records exemption

In an upcoming ruling, Georgia’s Supreme Court will weigh in on a claim brought by Athens-Clarke District Attorney Deborah Gonzalez, arguing that top prosecutors are exempt from the state’s open records laws. The case involves assertions that the trial court overlooked a constitutional provision in denying Gonzalez’s motion to dismiss an open records complaint, mirroring similar immunity arguments made by Fulton County District Attorney Fani Willis in a separate case related to the 2020 presidential election interference.

CNN sets first Biden-Trump presidential debate for June 27 in Atlanta

CNN announced today that it will host a debate between President Joe Biden and presumptive Republican presidential nominee Donald Trump at the network’s Atlanta studios on June 27, with no audience present. Both candidates have agreed to participate, marking a pivotal moment in the lead-up to the November election as they engage in direct exchanges over key issues.

Georgia public colleges to expand admissions testing requirements for fall 2026

Georgia colleges are reverting to requiring standardized test scores for all new applicants, signaling a shift from pandemic-era policies. Beginning in fall 2026, institutions including Augusta University, The University of Georgia, and Georgia Tech will mandate SAT or ACT scores, a decision unanimously approved by the Georgia Board of Regents.