CORPORATE DONORS

AS A CORPORATION, YOU HAVE THE OPPORTUNITY TO MAKE A DIFFERENCE!

You can give without it costing you more! You have the choice to donate what you would otherwise pay to the state in taxes. Your donation will help children from low to modest income homes, children with disabilities (physical, learning, or emotional) and children who have been or are currently in the foster care system.

WHO CAN DONATE?

C Corporations may donate up to their state income tax liability for the given tax year, as long as it does not exceed the entire statewide cap for the year. If a corporation donates more than their tax liability, it can be carried forward for up to 5 years. (A.R.S. § 43-1183)

S Corporations may donate up to their state income tax liability for the given tax year, with a minimum donation of $5,000, and then pass the tax credit on to its shareholders proportionately. If a corporation donates more than their tax liability, it can be carried forward for up to 5 years. (A.R.S. § 43- 1089.04)

Insurance Companies which pay Premium Tax may donate up to their state tax liability for the given tax year, as long as it does not exceed the entire statewide cap for the year. If a corporation donates more than their tax liability, it can be carried forward for up to 5 years. (A.R.S. § 43-1183)

THE DONATION PROCESS

Once my corporation decides to donate to School Choice Arizona, what happens next?

Step 1

Complete the Donor Information Form

Once you’ve completed the form, email it to info@schoolchoicearizona.org (ideally no later than 6/30) so that we’ll be able to submit your donation request as soon as the cap opens.

Step 2

Donation Request is Submitted for Approval

When the cap opens on July 1st, we will submit your donation form for approval and the ADOR has 20 days to notify us of approval.

Step 3

Upon Donation Approval

Your corporation must make your donation within 20 days after receiving approval from the ADOR.

Donation Approval?

Because there’s a statewide cap for the total amount that can be donated towards Arizona’s Corporate Tax Credits, all donations must go through an approval process by the Arizona Department of Revenue. Because of this, there is always a chance that your donation may not be approved.

What’s the statewide cap?

Unlike the Private School tax credits for Individual donors, Arizona’s tax credits for Corporate donors do not have a maximum amount for which each donor can receive a credit. Instead, there is an annual cap on the total amount all Corporate donors combined can donate.

Beginning July 2023, the Corporate cap is $158 Million for the Low-Income Corporate Tax Credit Scholarship Program, and $6 Million is the cap for the Disabled/Displaced Tax Credit Scholarship Program.

GET YOUR EMPLOYEES INVOLVED, TOO!

Arizona law allows Individual taxpayers to donate to School Choice Arizona through Payroll Withholdings—meaning your employees can make a difference, without affecting their take home pay!