Arizona Leadership Foundation Receives Donation for Low-income Scholarships
November 1, 2017
Arizona Leadership Foundation announces a donation by COUNTRY Financial that will provide low-income scholarships for private schools in Arizona.
Over the past three years, COUNTRY Financial has contributed over $320,000 to Arizona Leadership Foundation where the funds are used as scholarships through Arizona’s Low- Income Corporate Tax Credit Scholarship Program and the Disabled/Displaced corporate Income Tax Credit Program. This year’s donation of $150,000 will be used specifically for Annunciation Catholic School where students excel academically and strengthen their spiritual values.
A School Tuition Organization cannot award, restrict, or reserve scholarships solely on the basis of a donor’s recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependent. (A.R.S. 43-1089)