How It Works: From Taxes to Takeoff
Every Oklahoma taxpayer, whether an individual or business, has the power to transform education without spending a dollar more.
LaunchOK makes it easy to redirect a portion of your state income tax into sustainable funding for STEM and aerospace programs in public schools. The result? Real tools, real experiences, and real careers that keep talent growing right here in Oklahoma.
Two Types of
Contributors
Business
Redirect State Taxes
Instead of sending tax payments to the state, allocate them to LaunchOK to fund innovative programs that build local talent pipelines.
Invest in Education & Workforce Growth
Your contribution supports career-ready training, classroom tools, and certifications that prepare students for high-demand industries across Oklahoma.
Earn Major Tax Benefits
Businesses can receive up to $100,000 in state tax credits while writing off the full donation as a business expense.
Personal
Redirect Your State Taxes
Instead of sending your entire tax payment to the state, contribute directly to LaunchOK and see your dollars work for students in your community.
Fund Student Success
Your redirected taxes fund classroom equipment, certifications, and student participation in transformative events like OSU Speedfest and MRO Americas.
Earn Significant Tax Savings
Individuals can receive up to $2,000 (married) or $1,000 (single) in tax credits, significantly reducing their tax burden.
Tax Benefits
Two-Year Commitment
75% Tax Credit
One-Year Commitment
50% Tax Credit
Individual/ single: earn up to $1,000 tax credit
Married filing jointly: earn up to $2,000 tax credit
Business: earn up to $100,000 tax credit
Earn Double Tax Credits
By supporting Oklahoma students through SGOs and EIGOs, you help kids of all ages and backgrounds, regardless of where they’re enrolled or the unique challenges they face.
Scholarship Granting Organizations (SGO)
SGOs help families afford private education from preK-12. Financial limitations should not limit educational options.
Opportunity Scholarship Fund (OSF), the largest SGO in Oklahoma, benefits eligible low-income families. OSF’s scholarship program helps Oklahoma children access the right learning environment for them.
Education Improvement Granting Organizations (EIGO)
EIGOs allow Oklahoma taxpayers to invest in PreK-12 public school systems, ensuring school districts have resources to access innovative educational programming.
LaunchOK is a strategic partner in Oklahoma’s STEM and aerospace ecosystem, uniquely positioned to meet workforce demands by investing in young talent at critical stages of their education.
TAX CREDIT LIMITS FOR SGOs & EIGOs
1 The total annual contribution amount needed for the full tax credit with a two year commitment.
Filing Status
Total
Contribution1
SGO Tax
Credit Limit
EIGO Tax
Credit Limit
Double
the Limit
Individual/ Single
$2,227
$1,000
$1,000
$2,000
Married Filing Jointly
$5,334
$2,000
$2,000
$4,000
Business
$266,666
$100,000
$100,000
$200,000
Treat the entire transaction as an eligible business expense deduction and “write-off” the entire amount.
* Represents write-off percentages (%) for state-wide averages. Please refer to your CPA for your unique tax structure.
State and federal charitable tax deduction can be applied to the remaining amount (not used by the tax credit) if you itemize.