History Has Been Made!
Nearing its quarter century in existence, Catholic Education Arizona (CEA) mailed Disabled/Displaced Scholarship award letters to 111 students awarding just over $300,000 in Disabled/Displaced scholarships in November 2021. We are honored and excited to have provided these scholarships to students enrolled in the 36 Diocese of Phoenix Catholic Schools along with St. Michael’s Indian School and Boys Hope Girls Hope of Arizona.
The Disabled/Displaced tax credit allows Arizona corporations to fund scholarships for eligible students who have a current or expired 504 plan, IEP, ISP or MET from and Arizona public school. Additionally, children who have ever been in the Arizona Foster Care system may also qualify for this scholarship. Current legislation provides for $6 million each year to be claimed under the tax credit for qualifying students.
“This new funding provides scholarships to students with disabilities that will give them educational opportunities that will change their lives forever,” said Todd Bankofier, Board Chairman of Catholic Education Arizona. “These dollars extend the reach of bringing faith-based education to more and valued students in our community.”
These scholarships are changing lives in our community and we could not be more ecstatic to make history in distributing the award letters to families in need.
One parent shared that, “so many things are not covered by insurance or at a very nominal amount, if that. When you layer on the typical costs of raising a child, it can be a huge burden. This gift takes a huge weight off of us. This is a tremendous blessing to families like mine.”
Corporations and LLCs filing as S Corps, C Corps, and insurance companies paying premium tax can direct up to 100% of their state tax liability through participation in the Arizona Low Income and Disabled/Displaced Corporate tax credits through CEA. WOver 130 business leaders participate with us to take advantage of the AZ Low Income or Disabled/Displaced Corporate Tax Credits to invest in their community and underserved students.Join APS, Cigna, Shea Homes, Ewing Irrigation Products, Meritage Homes, Earnhardt Auto Centers, Grand Canyon University, Lumen Technologies, Dignity Memorial and many small businesses making a difference and changing lives.
The Arizona Low-Income and Corporate Disabled/Displaced Tax Credits provide tuition scholarships to build the future work force, strengthen communities and create future leaders. The Arizona Department of Revenue has announced that following the submission of Corporate Tax Credit applications there is $23.7 million in Low Income Corporate Tax Credit still available to claim!
A family also shared with us, “we are beyond grateful for such a gift to help with tuition. A Catholic based schooling has been a priority in our family and we are blessed to have DD Funds to help! We thank you all, we are so appreciative for the scholarship!”
Catholic Education Arizona is the largest provider of scholarships to families attending Catholic schools. Since 1998, over $288 million has been raised to benefit students and 143,000 scholarships have been awarded. Learn more about how CEA is changing lives one scholarship at a time. Visit www.ceaz.org or call 602-218-6542.