Tax Credit
Widening the Gate
At All Saints', we share the notion that talent is equally distributed among children, however, opportunity is not. We believe a child's socioeconomic status should not be the determining factor in their access to top-quality education. Rather than "closing the gap," we at All Saints' speak of "widening the gate."
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Individual Tax Credit
All Saints' partners with the Arizona Episcopal Schools Foundation (AESF) to continue our legacy of inclusivity and providing opportunities for all students. The State of Arizona allows individuals to claim a tax credit on donations to a School Tuition Organization. Those tax credits directly support our Indexed Tuition Program, providing direct and essential funding to our students who qualify for financial assistance. All Saints' Board of Trustees is committed to creating a school community that is truly inclusive, diverse, and accessible to a wide range of families.
The deadline to designate your 2023 tax dollars is April 15, 2024.
Maximum Tax Credits—Tax Year 2023
Single, Married Filing Separate, Unmarried Head of Household |
|
| Original Individual Credit | $ 655 |
| Take MORE Credit* | $ 652 |
| Total Maximum Tax Credit | $ 1,307 |
| Or the ACTUAL TAX, whichever is less | |
Married Filing Jointly |
|
| Original Individual Credit | $ 1,308 |
| Take MORE Credit* | $ 1,301 |
| Total Maximum Tax Credit | $ 2,609 |
| Or the ACTUAL TAX, whichever is less | |
*Additional Tax Credit is available only when the amount contributed is greater than the maximum that can be claimed on Form 323 (Original Credit).
Take the Credits
To take the credit, make your 2023 tax credit contribution to the Arizona Episcopal Schools Foundation and designate All Saints’ Episcopal Day School on your check or credit card payment.
Donations are to be made payable to:
Arizona Episcopal Schools Foundation
P.O. Box 12927
Tucson, AZ 85732-2927
AESF Donation Form Online through aesf
When filing your 2023 taxes, complete Arizona Forms 323 and 348 to deduct the full amount of your contribution as a credit on your state tax return.
FAQs
- Do I Send the Funds Directly to All Saints'?
- Why Should I Designate My Tax Dollars to Support a School?
- What Does This Cost Me?
- Can I Recommend a Specific Student to Benefit?
- My Child(ren) Receive(s) an ESA Scholarship. Can I Still Contribute?
Do I Send the Funds Directly to All Saints'?
Why Should I Designate My Tax Dollars to Support a School?
What Does This Cost Me?
Can I Recommend a Specific Student to Benefit?
My Child(ren) Receive(s) an ESA Scholarship. Can I Still Contribute?
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Corporate Tax Credit
The All Saints' Corporate Scholar Program is supported through the Corporate Tax Credit program, not the School's annual budget. This program helps qualifying students receive tuition and support services through the Admissions Office. This program extends beyond the students' years at All Saints' through their high school education. Currently, 69 students in grades K–12 are benefiting from this program. C Corporations and S Corporations with an Arizona income tax liability and insurance companies that pay an Arizona premium tax credit can participate in the Arizona Private School Corporate Tax Credit Program.
Eligible companies must pay corporate state income tax and the credit must be less than or equal to the actual amount they will pay to the state of Arizona. There is no maximum that a company can contribute, but the program has a statewide cap of $35.8 million for low-income scholarship gifts, and $5 million for disabled/displaced student scholarship gifts. (A.R.S. 43-1183)
Our substantial, multi-year commitment through the Arizona tax credit program has benefited a large number of young scholars, but 'widening the admissions gate' has also enhanced All Saints' as an institution with the entrance and subsequent success of students from so many diverse backgrounds. We could not have anticipated a more successful result."Richard T. Burke, Lead Independent Director and Founder of UnitedHealth Group
Contact us to Learn More
Learn additional information on the tax credit, the application process, or how tax credit money impacts All Saints' Episcopal Day School students.
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The Challenge Foundation
The Challenge Foundation began its partnership with All Saints' in 2013 with six scholars entering middle school at All Saints' and has grown to 44 students in grades 5 to 12. The Challenge Foundation has a dedicated space housed on our campus. The Foundation's mission is to break the cycle of poverty through educational opportunities. As the Challenge Foundation's first partner school in Arizona, All Saints' is deeply committed to offering a stellar academic opportunity for underserved students in the Valley.
The Challenge Foundation provides robust support for qualifying families that includes not only tuition, but mentorship, social services, and much more.