ALEF Fund

Your Jewish Education

Through the ALEF Fund, you can support Jewish education in Georgia at virtually no cost to you through a dollar for dollar Georgia income tax credit received for your contribution.

Now open for 2023!

About ALEF Fund

The ALEF Fund was established by Jewish Federation of Greater Atlanta in 2008 in response to new state legislation when Georgia’s General Assembly passed the Education Expense Credit law to provide families in our state with access to better educational opportunities for their children.

The ALEF Fund provides scholarships to pre-k, kindergarten, primary or secondary public school students who wish to attend participating Jewish private schools. It is the only organization in Georgia that provides student scholarships exclusively to Jewish preschools, day schools and high schools.

Our guiding principle is to improve the affordability of Jewish education by awarding scholarship dollars to eligible students.

Meet Our Partner Schools

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean

Got a question?
No problem.

FAQs for Taxpayers

What is the benefit of contributing to the ALEF Fund?

First, you are supporting Jewish Education. Second, since you receive a State of Georgia Income Tax Credit equal to the amount contributed, there is virtually no cost to you. Georgia taxpayers can redirect taxes up to the following amounts:

  • Married filing jointly $5,000
  • Single $2,500
  • Married filing separately $2,500
  • Members of single or multi-member LLC’s, Partners in Partnerships, and Shareholders in S-corporations $25,000
  • Trusts and Estates can offset up to 75% of their State income tax
  • Partnerships and S-Corporations electing to pay Georgia income tax at the entity level, pluc C-corporations can offset up to 75% of their State income tax

Please note the following with respect to the $25,000 limit:

If the individual taxpayer is a member, partner, or shareholder in more than one pass through entity, the total credit allowed cannot exceed $10,000; The individual taxpayer decides which pass through entities to include when computing Georgia income for purposes of the qualified education expense credit. You can include those with income and exclude those with losses. You cannot include any pass-through entities that make an election to pay Georgia income tax at the entity level. All Georgia income, loss, and expense from the taxpayer selected pass-through entities will be combined to determine Georgia income for purposes of the qualified education expense credit. Such combined Georgia income shall be multiplied by the Georgia tax rate (5.75%) to determine the tax that was actually paid.

If the taxpayer is filing a joint return, the taxpayer’s spouse may also claim a credit for their ownership interests and shall separately be eligible for a credit resulting in a married couple filing jointly to contribute up to $20,000. The applications must be submitted separately. If the taxpayer(s) chooses to be preapproved under this option, they are not allowed the additional amounts normally allowed an individual. If the taxpayer is preapproved for an amount that exceeds the amount that is calculated as allowed when the return is filed, the excess amount cannot be claimed by the taxpayer and cannot be carried forward. The new limit will be reduced by any amounts previously approved.

Can I designate some or all of my contribution to a school represented by another SSO?

Yes, just let the ALEF Fund administrator know. We will make sure your contribution gets where you want it to go.

FAQs for CPAs

Which income can be included in the computation?

Income from the following sources is included in the computation:

  • LLC’s, Partnerships and S-Corporations being taxed on your Georgia individual income tax return.

This includes self-employed taxpayers who file a Schedule C with their personal tax return. As long as the entity is legally formed as an LLC, then 100% of the earnings from this entity are included in the computation.

If income is reported as a sole proprietor on IRS Form Schedule C, can this income be included in the computation?

Only if the entity is legally organized as an LLC. You may consider establishing a Georgia LLC effective January 1 so this income can be included.