Michigan taxpayers have the opportunity to donate some of their state income tax refund to the Fostering Futures Scholarship Trust Fund, according to the Michigan Department of Treasury.
Approximately 13,500 children are in the Michigan foster care system at any given time. A growing number of our youth are reaching adult age while in foster care and have no resources to attend college when they age out of the system.
When taxpayers file their 2018 state income tax return, they can choose to donate directly to the Fostering Futures Scholarship Trust Fund. The amount donated will be deducted from a taxpayer’s state refund.
“A donation to the Fostering Futures Scholarship Trust Fund helps provide scholarships to young adults who have experienced foster care,” said Robin Lott, executive director of the Michigan Education Trust. “This scholarship assists with paying college expenses when no other assistance may be available.”
Scholarship awards are paid to Michigan degree-granting colleges or universities where eligible students are enrolled to assist with tuition, fees, room, board, books and supplies.
Through e-filing or paper filing, taxpayers must complete a Voluntary Contributions Schedule Form 4642 to participate.
To learn more about Michigan’s state income tax or to download forms, go to www.michigan.gov/incometax.