Opportunity Scholarship Fund

What Opportunity Scholarship Fund does

Opportunity Scholarship Fund (OSF) is a Tulsa, Oklahoma-based nonprofit scholarship-granting organization (SGO) founded in 2014 that operates under the state's Equal Opportunity Education Scholarship Act (SB1080). OSF functions as a financial intermediary between Oklahoma taxpayers seeking state tax credits (50-75% credit, plus federal/state deductions) and low-income families needing financial assistance to attend accredited PreK-12 private schools. The organization disburses at least 90% of contributions as scholarships, capped at $8,000 for general applicants and $25,000 for students with documented special needs, routed directly to one of its 70+ member schools across Oklahoma. Operating with a four-person staff led by CEO Sarah Guardiola, OSF has earned Charity Navigator's 100/100 rating and Candid's Platinum Seal of Transparency, underscoring its accountability posture.

OSF's product surface is a three-sided portal ecosystem delivered through the Theodore platform provided by Student First Technologies, comprising a donor portal for contributions and tax-credit documentation, a household/student application portal, and a member school portal for review and disbursement. The organization supports English and Spanish, and accepts donations via credit card/ACH, check, and stock/IRA transfers. Distribution is primarily self-serve online supplemented by earned media in Oklahoma outlets and downloadable donor resources.

OSF's revenue model is tax-incentivized charitable giving: individuals can donate up to $2,000 annually for up to $1,000 in state tax credits, married couples up to $2,000 jointly, and qualified Oklahoma businesses (LLCs, S-corps, corporations) up to $100,000 in credits. A two-year commitment unlocks the higher 75% credit rate. The collective annual cap across all Oklahoma SGOs was raised from $5 million to $50 million in 2022, materially expanding the addressable donation pool. OSF retains no more than 10% for administrative costs, with the remainder flowing to scholarships.

Name

Opportunity Scholarship Fund

Legal name

Opportunity Scholarship Fund

Website

https://osfkids.org

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Opportunity Scholarship Fund is an Oklahoma nonprofit scholarship-granting organization that channels tax-credit-eligible donations from individuals and businesses to fund PreK-12 private school scholarships for low-income families, serving 70+ accredited member schools statewide through the Theodore portal platform.

Ownership category

akta.pro rank

Product category

Education Scholarship Services

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Educational Support Services (611710)

SIC

Services-Membership Organizations (8600), Services-Educational Services (8200)

akta.pro primary industry

Scholarship & Fellowship Foundations and Trusts (EDADAHAC)

akta.pro secondary industries

Scholarships, Grants & Education Benefits Administration (Financing-adjacent) (FSAKAEAM), Government Student Financial Aid Agencies (EDADAHAA)

Keywords

• Scholarship granting organization
• PreK-12 private school scholarships
• Tax credit donations
• Oklahoma education choice
• Nonprofit scholarship fund

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Tax-Incentivized Donations: OSF receives donations from individuals and businesses who receive Oklahoma state tax credits (up to 50-75% of donation amount) and federal/state charitable deductions. The organization disburses at least 90% of funds as scholarships.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Opportunity Scholarship Fund is a nonprofit scholarship-granting organization that disburses tax-credit-funded scholarships to Oklahoma PreK-12 students from low-income families so they can attend accredited private member schools. Standard scholarship awards go up to $8,000 (or 80% of the statewide average per-pupil expenditure, whichever is greater) and up to $25,000 for students with documented special needs. OSF processes donations eligible for Oklahoma state income tax credits (50% for one-year commitments, 75% for two-year commitments), manages scholarship applications through its Theodore-powered portal, and acts as the compliance intermediary between donors, member schools, and the Oklahoma Tax Commission.

Product overview

Opportunity Scholarship Fund operates as a scholarship-granting organization (SGO) providing financial bridges between low-income Oklahoma families and PreK-12 private education. The core offering consists of scholarship programs disbursed through an integrated platform ecosystem: the Theodore-powered Member School Portal handles scholarship fund access and application review, while a separate Donor Portal enables contributions with associated state tax credits. OSF acts as the compliance and disbursement intermediary between donors seeking tax benefits and families seeking educational access. The organization's infrastructure is entirely web-based with no standalone products—scholarship services are delivered through the portal platforms, donor management, and tax credit processing. Partner schools must meet state accreditation requirements and comply with OSF's annual audit and reporting standards.

Differentiator

Problem solved

Functional benefit

Brands

• Theodore: Online portal platform powered by Student First Technologies for scholarship and donor management

Products and services

• PreK-12 Scholarship Programs PreK-12 scholarships for Oklahoma low-income families attending accredited private member schools, covering tuition, fees, and transportation up to $8,000 per student per year ($25,000 for special-needs students with documented IEPs, SoonerStart plans, or professional diagnoses). Targeted at students accepted at member schools, students in crisis situations, and students zoned for underperforming public schools.
• Member School Portal Secure online portal for OSF's 70+ accredited Oklahoma member schools to access scholarship funds, review student scholarship applications, manage donor information, and access fundraising support materials.
• Donor Portal Secure online platform where Oklahoma individual taxpayers and qualified business entities make tax-credit-eligible contributions to OSF, designate recipient schools or crisis funds, and manage tax credit documentation (Form 511-CR).
• Tax Credit Processing Service Service enabling Oklahoma taxpayers and qualified business entities to redirect state income tax dollars to K-12 education scholarships, providing 50% tax credit (one-year commitment) or 75% tax credit (two-year commitment) up to applicable limits, with OSF reporting donations to the Oklahoma Tax Commission by January 10 annually.

Quantifiable outcome

• For every dollar of tax credit allowed, the state benefits by $1.51 (51% ROI)
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Student First TechnologiescoreTechnology or IntegrationProvides the Theodore platform powering OSF's online scholarship management, donor portal, and member school portal. Handles account management, donation processing, and scholarship disbursement functionality.
• Lindsey Nicole Henry Scholarship ProgramminorOthersOklahoma state scholarship program for students with disabilities. OSF refers families to this program as an additional resource alongside OSF scholarships.
• Every Kid Counts OklahomaminorOthersOklahoma resource organization. OSF refers families to this program as an additional resource for families seeking educational support.
• Member Schools (70+)coreChannel Partner/ Reseller/ DistributorNetwork of 65-70+ accredited PreK-12 private schools across Oklahoma that accept OSF scholarships. Schools receive increased financial aid, enrollment, and diversity. OSF manages compliance and reporting on their behalf.
• Oklahoma Tax CommissioncoreOthersState agency that administers the tax credit program under SB1080. OSF reports donations to the commission by January 10 annually, and donors claim credits via Form 511-CR.
• Oklahoma Private School Accreditation CommissioncoreOthersAccrediting body whose standards member schools must meet. OSF requires member schools to be accredited by the State Board of Education or OPSAC.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• National School Choice Awareness Foundation: National nonprofit dedicated to raising awareness of K-12 school choice options, including tax-credit scholarships. It is a broad peer that operates in the same donor-funded school choice space as OSF but at the awareness and education layer rather than direct fund disbursement.
• EdChoice: National 501(c)(3) advocacy and research organization advancing K-12 school choice, including tax-credit scholarship programs. EdChoice is a broad peer to OSF: it operates in the same school-choice ecosystem but focuses on policy research and advocacy rather than direct scholarship administration.

Regional players

• School Choice Wisconsin: Wisconsin-based nonprofit that administers the state's parental choice scholarship program and advocates for K-12 school choice. It is a regional peer to OSF, operating a similar donor/scholarship intermediation role but in a different state and regulatory environment.
• Empowerment Scholarship Account Organizations (Arizona ESA): Arizona state-administered ESA program that channels public and tax-credit-eligible funds to families for K-12 educational expenses, including private school tuition. It is a regional functional peer to OSF, providing a comparable donor/state-credit-to-scholarship pathway but under a different policy architecture.
• Arizona Tuition Connection: An Arizona-based scholarship organization supporting students under the state's tax-credit scholarship and Empowerment Scholarship Accounts programs. It is a regional peer to OSF, with a comparable SGO structure and donor/scholarship intermediation model in a different state.

Direct peers

• Children's Scholarship Fund: National nonprofit that channels private donations to K-12 private school scholarships for low-income families across multiple partner organizations. CSF parallels OSF's donor-to-scholarship intermediation model, though it operates nationally rather than under a single state tax credit regime.
• Step Up For Students: Florida-based scholarship-granting organization that administers the Florida Tax Credit Scholarship Program. Step Up For Students is the largest SGO in the U.S. and is the closest functional analog to OSF: it connects tax-credit-eligible donors with low-income K-12 students attending private schools, using a state-level statutory framework.
• AAA Scholarship Foundation: Multi-state SGO administering tax-credit scholarship programs in Florida, Georgia, and other states. Like OSF, AAA directs tax-credit donations to K-12 students for private school tuition, making it a direct comparable on both the donation intermediation and scholarship disbursement model.

Emerging players

• Black Alliance for Educational Options (BAEO): National nonprofit advocating for parental choice in K-12 education, including scholarship programs. BAEO is comparable to OSF as a school-choice ecosystem participant with a comparable mission around expanding K-12 access for underserved families.
• Catholic Education Foundation: Faith-rooted nonprofit providing K-12 private school tuition assistance to low-income families, often in partnership with parish giving programs. It is comparable to OSF as a K-12 scholarship intermediary, though its donor base and beneficiary network are narrower and faith-specific.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/OSFkids
• LinkedInlinkedin.com/company/osfkids

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Opportunity Scholarship Fund