The Arizona Leadership Foundation proudly provides scholarship assistance to private schools and Lexie’s Law schools throughout Arizona with no preference to religious or political affiliation. We believe parents should have a choice when it comes to the education of their children.
Under these programs (A.R.S. 43-1183), Class C Corporations and Insurance Carriers that owe Arizona corporate income tax or insurance premium taxes can redirect a portion, or their entire tax obligation to school tuition organizations (such as the Arizona Leadership Foundation). These school tuition organizations then award K-12 scholarships to students qualifying for the federal government’s free or reduced lunch program or the disabled/displaced program. The corporation, in turn, will receive a 100% tax credit for every dollar it donates. Participating corporations redirect funds they must already pay to the state, enabling them to help low-income children achieve greater educational excellence at NO COST to the corporation. As a result, the program is paving the way for an educated workforce that will greatly contribute to the betterment of our communities.
The Simple Process
Program Cap and Fund Designations for the Fiscal Year 2020/2019-20 School Year
|Low-Income Tax Credit Scholarship Program||$106 Million|
|Disabled/Displaced Tax Credit Scholarship Program||$5 Million|
The above information does not constitute tax advice. Please consult with your tax professional.