The Foundation

Corporate Tax Foundation (CTF), a recognized 501 (c) (3) non-profit School Tuition Organization or STO, provides scholarships for qualified, low-income students to attend private school. Scholarships are funded through voluntary donations made by C-Corporations with Arizona tax liability in accordance with Arizona Corporate Tax Credit Program (A.R.S. 43-1183).

Corporate Tax Foundation believes that parents should have a choice when selecting a school for their children. For many families, a private school education is not financially possible. In 2006, the state of Arizona enacted legislation to help families make the dream of private school become a reality. The Arizona Corporate Income Tax Credit Program allows School Tuition Organizations such as CTF to provide scholarships for qualified students.

Scholarships for students meeting the strict criteria set by the State are awarded at the sole discretion and determination of CTF. Corporate Tax Foundation decisions are made without reference to race, color, religion, age, disability, national and ethnic origin, sexual orientation, gender, or familial status.

Corporate Tax Foundation Corporate Low Income Scholarship Program

Corporate Low Income scholarships paid during FY 2020/21 to students eligible for free or reduced-price lunches (family income up to 185% of poverty level):

Amount of scholarships paid = $441,922

Amount as a percentage of total scholarships paid= 61%

Corporate Low Income scholarships paid during FY 2020/21 to students whose family income exceeds the threshold for free or reduced-price lunches but do not exceed 185% of the eligibility requirements (family income greater than 185% of poverty level and less than 342.25% of poverty level):

Amount of scholarships paid = $284,306

Amount as percentage of total scholarships paid = 39%

© 2011 Corporate Tax Foundation
A school tuition organization cannot award, restrict, or reserve scholarships solely on the basis of donor 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.