Arizona requires that children must be 5 years hold as of September 1 to be eligible for a scholarship, though a school district governing board may allow admitting children into kindergarten who will reach the age of 5 by January 1. This means that YES Fund for Kids may only provide scholarships for kindergarten to children that meet the public school age requirement. The intent of the private school tax credit program is to move children from public school to private school. According to the Arizona Department of Revenue, if the child is not eligible to be in public school, they are not eligible for a scholarship. Proof that a public school governing board would accept the student turning 5 between September 2 and January 1 will be required to consider these students for a scholarship.
YES Fund for Kids will use the Income Eligibility Guideline requirements established under the National School Lunch and Child Nutrition Acts for Free and Reduced Lunches according to USDA, shown in the table on the Low Income Corporate page of this website. Federal income tax form 1040 pages 1 & 2 must be submitted to further verify information and financial need. Recommendations are allowed and considered for both the Original and Switcher tax credit programs, but the student must meet the guidelines and prerequisites to be awarded a scholarship. Priority will be given to students and siblings of students on the YES Fund for Kids wait list.
The Arizona Individual Private School Tuition Tax Credit program gives parents the unique opportunity to raise support for their child's education. With some effort and planning, parents can reduce their child's tuition to almost nothing. If 4 donors each make $1,000 tax credit contributions and recommend a child, at least 96% or $3,840 can be awarded to him/her as a tuition scholarship. The Tax Credit is a way of re-directing tax dollars that will otherwise go to the state to satisfy the donors tax liability.
Students with an Empowerment Scholarship Account (ESA) may not receive a scholarship from a school tuition organization (STO) pursuant to title 43 A.R.S. 15-2402. For more information regarding an ESA, please visit the Arizona Department of Education website.
Fiscal year ending June 30, 2017
For year ending June 30, 2017