Murray Center at OCU
Office of Advancement
 
 
 
 
 

Office of Advancement

Oakland City University is alive and vibrant because we stand with our 11,000 alumni and thousands of friends like you who believe in our mission.

Now, our focus becomes revisiting the strategic plan and laying a fresh vision that will guide us into the year 2020. We invite you to join us in this incredible opportunity to train the next generation of Christian leaders. Your participation in the ongoing ministry of OCU will be critical to our continued success. The Office of Advancement seeks to meet the financial needs of Oakland City University through the faithful and sacrificial support of its generous donors.  We hope that you can see the vision of Oakland City University and give in support of its mission.

Thank you for standing with us as we strive to become a leading faith-based University that is preparing students for a life of Christian service.

Tax Credit for Indiana Residents

The State of Indiana will give individuals, through a tax credit, 50¢ on each dollar given to Oakland City University, not to exceed $200. This means that a $400 gift to OCU yields a $200 tax credit; a $200 gift yields a $100 credit; a $100 gift yields a $50 credit, and so on. In other words, you will be reimbursed half your gift by the state of Indiana up to $200 if filing jointly and up to $100 if filing single. The tax credit is applied directly against the “bottom line” of your state tax return, either reducing the amount of taxes owed or providing a refund on taxes paid.

Additionally, the corporation’s credit is equal to 50 percent of the total amount given during the tax year. However, the credit may not exceed the lesser of: a) 10 percent of the corporation’s adjusted gross income tax liability, or b) $1,000.

To take advantage of this opportunity, you must use the Indiana Department of Revenue Schedule CC-40 when filing your state income tax return. After clicking on the link, you will need to go to the last section on the page under “Other Individual Forms/Schedules” and choose the first option: CC-40 Indiana College Credit.  As we always advise, please consult a tax professional as to your personal circumstances.