Scholarships are awarded from funds in which donors are utilizing the Arizona Individual Private School Tuition Tax Credit by making contributions each year. Donors may recommend a student and/or school on the donation form. The recommendation of the donor will be considered in determining the scholarship allocation, however, financial need will also be addressed and all final decisions in awarding scholarships are at the discretion of the YES Fund for Kids board of directors. A donor may not recommend their own dependent.
The corporate tax credits are available only to corporate taxpayers, corporate partners, exempt organizations subject to corporate income tax on unrelated business taxable income (UBTI), or S corporation individual shareholders.
Parents have a choice in where to educate their children and cost should not be the deciding factor. Tuition scholarships give parents the power and freedom to choose the education that meets their child's needs. YES Fund for Kids is here to help families interested in utilizing the Arizona Private School Tuition Tax Credit Program to fund their tuition needs at a qualified Arizona private school, from kindergarten through 12th grade.
Notice: A School Tuition Organization cannot award, restrict, or reserve scholarships solely on the basis of a donor's recommendation. A taxpayer may not claim a credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer's own dependent. A.R.S. 43-a603(c).
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