Corporate Giving

Why Partner with Catholic Education Arizona?

Catholic Education Arizona is an IRS-accredited 501c(3) non-profit organization and the largest school tuition organization in Arizona. We were founded in 1998 to provide tax credit scholarships to students attending Catholic schools in the Diocese of Phoenix. Serving 37 schools along with Boys Hope Girls Hope, Catholic Education Arizona is also the largest provider of scholarships to low income families attending private schools. More than 13,000 individuals in the State of Arizona and 42 corporations contribute more than $19 million annually. Since inception, the generosity of local contributors has allowed us to continually increase funding to Catholic schools and award more than $150 million in scholarships, helping students in need. With a 99% graduation rate, almost all of these scholarship students (97%) progress to university level studies and go on to become solid contributors to society.

What is the Corporate Tax Credit?

The State of Arizona instituted the Private School Tax Credit in 1997 for individuals. In 2006, the Corporate Tax Credit was added to allow C-corporations to redirect their tax liability. In 2009, the legislation was expanded to allow insurance companies to contribute their premium tax liability as well. 2015 brought additional expanded legislation to allow for S-corporations to take the credit, too.
Companies are allowed a tax credit of up to 100% of their corporate tax liability or in the case of insurance companies 100% of their insurance premium sales tax.  Each year the State of Arizona puts a cap on the total corporate funds available under the Corporate Tax Credit program. The annual cap for fiscal year 2017 is $61.9 million. Submissions must be made through a qualified School Tuition Organization.  Applications are submitted to the state beginning July 1, 2016 and approved by them until the corporate cap is met.

Select your corporation type

C-CORPORATIONS
S-CORPORATIONS
Insurance Companies

Step One

Does my company qualify to redirect corporate income tax or insurance premium tax to a private school tuition organization?

Step Two

Identify your corporate income tax liability or insurance premium tax

Identify

Identify your corporate income tax liability or insurance premium tax (2% of the total insurance premium sales) to the State of Arizona.

Step Three

Complete the form for submission on July 1 to the Arizona Department of Revenue.

Contact CEA

Then contact Maureen Adams at madams@ceaz.org or (602) 218-6613 if you have any questions.

Step Four

We send the form to Arizona Department of Revenue.

Once the form is approved

The corporation then has twenty days to make payment to Catholic Education Arizona for their tax credit contribution.

Step Five

List your Credit on the Standard 120 Form

Then File A 335

The corporation lists the credit on the standard 120 form, and files a 335 form attached to the return.

Please consult your tax advisor for advice on filing and using your credit. This is only a guide; it does not constitute tax advice.

Our 2014-2015 Corporate scholars’ demographics:

  • In the Phoenix Metro and Northern Arizona area, we had 4,051 corporate scholarship recipients.
  • 67% of our scholarship recipients have a household income of less than $50,000.
  • 75% of our corporate scholars are minorities.
  • Corporate scholarship recipients represent more than 30% of the total number of students attending Catholic schools.
  • Our total corporate qualified student need is $25.7 million.

Queen of Peace