You may direct 100% of your corporate state tax liability to CEA on behalf of our schools. Corporate contributions to School tuition Organizations (STO’s) such as CEA, range from the $5,000 minimum for S-Corps to $15mm or more.
CEA is one of the few STO’s that use an outside firm to vet all tuition scholarship applications we receive. This firm, FAIR, out of St. Paul, MN, reviews and qualifies each application CEA submits in accordance with the poverty guidelines and notifies CEA of all students eligible for scholarship funding.
By law, corporate tax credit funds are dedicated exclusively to the tuition needs of children living within the poverty guidelines as determined by state and federal standards.
We graciously request that commitments be made as soon as possible to benchmark our progress; keeping in mind that payment is not due until the latter part of July.
Each year, the State of Arizona limits the total amount of corporate state tax funding that can be used for distribution to private schools. The annual statewide cap for FY19 (2018 corporate taxes) is $89,161,006. Corporate tax credit applications are accepted by ADOR until the statewide $89,161,006 tax credit maximum is met.