GEICO tax credit provides private school scholarships
November 1, 2017
On Monday, GEICO announced an $8 million contribution to the Arizona Leadership Foundation to be used to provide scholarship assistance to private schools for low-income children. Half of the tax credit gift will support Pima County students.
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)
