Education Improvement Grant Organizations (EIGOs) specifically contribute their funding to Oklahoma public schools, ensuring all districts have the support they need for innovative programming. Scholarship-Granting Organizations (SGOs) grant scholarships to students accepted to qualifying private schools. Both SGOs and EIGOs are beneficial to the Oklahoma Taxpayer donor.
FAQs | General
No, Forming Lives OK EIGO is an Education Improvement Grant Organization and can only award funds to public schools in the state of Oklahoma.
Contributions to Forming Lives OK EIGO are held at First United Bank and Trust in an account designated solely for the purpose to award funds to qualified public schools for innovative educational programs.
The scholarship act requires that each EIGO disperse at least 90% of the money it receives each calendar year as grants for eligible schools during the following academic year, with no more than 10% of contributions available to pay administrative costs.