Foster Care Donation Tax Credit
A Foster Care Donation Tax Credit is available for individuals or corporations who donate to the Insuring Foster Youth Trust Fund or an approved foster care organization.
There will be $2,000,000 available per calendar year for the purpose of donation to an approved Foster Care Organization or, beginning July 1, 2023, a qualifying contribution to the Insuring Foster Youth Trust Fund. The renewal of the $2,000,000 will happen every year until December 31, 2027.
Foster Care Organizations are approved by the Department of Child Services through an application process. The approved organizations are below and will be updated yearly.
| Legal Name of Organization | Full address |
|---|---|
| Firefly Children and Family Alliance (Formely Children's Bureau) | 1575 Dr Martin Luther King Jr. Street, Indianapolis IN 46202 |
| Youth Services Bureau St. Joseph County | 2222 Lincolnway West, South Bend IN 46628 |
| Bethany Christian Services of Central Indiana | 7168 Graham Rd, Indianapolis, IN 46250 |
| Family Centered Services, Inc. | 1515 N. Sutton Circle, Bluffton, IN 46714 |
| Ascent 121 | 147 Washington Point Dr. Suite B Indianapolis, IN 46229 |
| Friends of Open Door Youth Services, Inc | 2524 Corydon Pike #108 New Albany, IN 47150 |
| Bashor Children's Home | 62226 CR 15 Goshen, IN 46526 |
| Childplace, Inc | 2420 E. 10th Street, Jeffersonville, IN 47130 |
| Foster Success Inc | 546 E. 17th Street, Suite 206, Indianapolis, IN 46202 |
| The Villages of Indiana | 3833 N. Meridian Street, Indianapolis, IN 46208 |
| Gibault, Inc | 6401 South US Hwy 41 Terre Haute, IN 47802 |
| Isaiah 117 House | 1705 State Line Road, Elizabethton, TN 37643 |
| Lutheran Child and Family Services | 1525 North Ritter Ave., Indianapolis, IN 46219 |
The maximum amount of credit that can be granted is 50% of the donation up to $10,000; this is for all donations to one or multiple approved foster care organizations during any one calendar year.
Interested in Applying for the Foster Care Donation Tax Credit?
Donors are required to complete and submit an application, along with proof of donation to the Indiana Department of Revenue (DOR) to be considered for the credit.
Foster Care Donation Application
DOR will send an approval or denial letter within 45 days. If your application is approved, DOR will issue a certification number to be used when filing your income tax return.
Credit approval is on a first-in, first-out basis. When funds are no longer available, you will receive notification that your application has been denied.
| Total Credits Awarded To Date | Amount |
|---|---|
| Total amount of credits to be awarded January 1, 2024–December 31, 2024 | $2,000,000.00 |
| Total amount of credits currently awarded as of August 31, 2024 | $67,343.00 |
| Remaining amount of credits available to be awarded through December 31, 2024 | $1,932,657.00 |