Dave Smitson, president of Indianapolis-based engine distributor Cummins Crosspoint LLC and chairman of The Oaks' board of trustees, said he doubled his personal gift to the school this year while taking advantage of the state tax credit.
declined to specify how much he
said the state tax credit, in combination with federal tax deductions, can make a $150,000 donation have a net cost to the donor of just $49,000.
"For me personally, it was, 'Why not just double my gift and be more generous?'" Smitson
said, adding that many other donors responded in the same way.