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FISCAL YEAR 2017/18 - TAX CREDIT STATISTICS


AIASF ORIGINAL SCHOLARSHIP PROGRAM

Total amount of Original scholarships paid = $82,207
Original scholarships paid during fiscal year to students eligible for free/reduced-price lunches (family income up to 185% of poverty level) = $9,750
Amount as a percentage of total Original scholarships paid = 11.86%


Original scholarships paid during fiscal year to students whose family income exceeds the threshold for free/reduced-price lunches but does 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 Original scholarships paid = $12,673
Amount as percentage of total Original scholarships paid = 15.42%


SWITCHER TAX CREDIT PROGRAM

Total amount of Switcher scholarships paid = $40,048

Switcher scholarships paid during fiscal year to students eligible for free/reduced-price lunches (family income up to 185% of poverty level) = $2,363
Amount as a percentage of total Switcher scholarships paid = 5.9%


Switcher scholarships paid during fiscal year to students whose family income exceeds the threshold for free/reduced-price lunches but does 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 Switcher scholarships paid = $22,762
Amount as percentage of total Switcher scholarships paid = 56.84%



LOW-INCOME CORPORATE TAX CREDIT


Total amount of Low-Income Corporate scholarships paid = $32,543
Low-Income Corporate scholarships paid during fiscal year to students eligible for

free/reduced-price lunches (family income up to 185% of poverty level) = $32,543
Amount as a percentage of total Low-Income Corporate scholarships paid = 100%


Low-Income Corporate scholarships paid during fiscal year to students whose family income exceeds the threshold for

free/reduced-price lunches but does 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 Low-Income Corporate scholarships paid = $0
Amount as percentage of total Low-Income Corporate scholarships paid = 0%


Additional scholarships were granted after the fiscal year end.



We are a 501(c)3 non-profit charity.  Our tax ID # is 27-0036137.  Contributions made to AIASF may also be claimed as a tax-deduction on IRS income tax filings in the year the contribution was made.

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        NOTICE (A.R.S. §43-1603) 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.


AIASF

We Welcome AND ENCOURAGE ALL TAXPAYERS TO PARTICIPATE BY DONATING.  ENCOURAGe OTHERS TO DO LIKEWISE. please SUPPORT the many schools and STUDENTS who thrive THROUGH THIS BENEFICIAL PROGRAM.


we aLSO seek CORPORATE CONTRIBUTORS for the low-income and disabled/displaced student scholarships.  THESE CONTRIBUTIONS qualifY as DOLLAR-FOR-DOLLAR tax-CREdIT TOWARD CORPORATE STATE TAX LIABILITY.

Arizona International Academy Scholarship Fund EXISTS TO PROVIDE TUITION AID TO FAMILIES WITH KINDERGARTEN THROUGH 12TH GRADE STUDENTS WHO HAVE CHOSEN TO ENROLL THEIR CHILDREN IN QUALIFIED PRIVATE-SECTOR SCHOOLS. tHESE FUNDS ARE MADE AVAILABLE AND ADMINISTERED IN ACCORDANCE WITH ARS 43-1089 AND THE SUBSEQUENT TUITION TAX CREDIT LAWS.
Arizona International Academy Scholarship Fund IS A 501 c(3) NON-PROFIT SCHOOL TUITION ORGANIZATION.  WE ARE CERTIFIED BY THE ARIZONA STATE DEPARTMENT OF REVENUE TO RE-DIRECT YOUR STATE TAX DOLLARS TO EDUCATION, ALLOWING PARENTS TO CHOOSE THE BEST FIT BETWEEN THEIR STUDENT AND QUALIFIED PRIVATE SCHOOLS.

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