Arizona Episcopal

Schools Foundation

The AESF mission is to provide funding to support faith-based private school educational opportunities to diverse families throughout Arizona and to facilitate academic, social, and spiritual development through varied accountable means.

YOUR SUPPORT IS APPRECIATED!

NEWSLETTER

Arizona Episcopal Schools Foundation

AESF logo Member schools of the Arizona Episcopal Schools Foundation (AESF) extend gratitude to our friends in the Diocese of Arizona. AESF distributes these e-mailed newsletters to make you more aware of the special qualities of our member schools. The activities and accomplishments of each of our member schools will be highlighted in each upcoming issue. Grateful students and staff at our schools thank you for your continued support. Your contribution(s) truly makes a difference!

AESF is once again fully engaged in this year's contribution appeal. Our foundation provides a way for every Arizona Episcopalian to strengthen the quality and reach of the distinctive school experience embodied by Episcopal education. AESF believes that our schools are important ministries in our diocese.

AESF has recently mailed a copy of the 2013-2014 Arizona tax credit brochure to all who receive the Arizona Episcopalian magazine as well as those who have contributed to AESF during the last several of years. An electronic copy of the brochure is available below in this newsletter as well as on the AESF website (www.az-esf.org) OR to request a printed brochure(s) please contact our office. As a reminder, contributions can be made throughout the year; however, to claim the available tax credits on your 2013 Arizona tax return a contribution must be made by April 15, 2014.

Enjoy our AESF newsletters and feel free to contact Gretchen Hawkins or myself anytime we can be of assistance.

Cathy A. Wagner, Executive Director

Arizona Episcopal Schools Foundation

520-320-1386

cathy@az-esf.org

AESF School Highlight

All Saints' Episcopal Day School

Phoenix, Arizona

With the start of the 2013-14 school year, All Saints' Episcopal Day School is the first school in Arizona engaged in an exciting new partnership with The Challenge Foundation. The Challenge Foundation is a 501(c)3 non-profit organization that helps smart, ambitious, and hard-working students break the cycle of poverty through educational opportunities.

All Saints' welcomed its inaugural class of 6 students to the student body this fall, after they spent June and July participating in All Saints' summer camp and becoming familiar with the campus. Challenge takes a whole-student approach, awarding tuition scholarships and individualized support services to students. From fifth grade and continuing through college, the Foundation sees t he big picture: the potential in scholars and their dreams of higher education, the impact they will make in their communities, and the way that giving back to the world is a privilege everyone should all strive to earn.

Challenge Foundation Founder Don McFall expanded on the partnership, "The Challenge Foundation's philosophy is

based on the belief that a child's early educational environment plays a critical role in determining academic success. Therefore, to start our program in Arizona, our number one priority was to identify a school with the highest academic excellence promoting a value education."

Every Challenge Scholar is paired with a mentor who plays an integral role in his or her life for the duration of The Challenge Foundation program and, in most cases, far beyond. Mentors are community professionals and role models who, with training and support from The Challenge Foundation, emphasize academic performance and personal development. Each has a college degree and a passion for working with kids. Through regular contact with students and their families, Challenge mentors form a strong bond through which strong support and encouragement is offered.

"I am grateful that All Saints' Episcopal Day School has become the first school in Arizona to partner with The Challenge Foundation," shared Head of School Leo Dressel. "The Foundation's mission is marvelously congruent with our own, and their record of achievement is substantial and impressive. The Challenge Foundation scholars strengthen our school, and their successful transition into our school community is very consoling."

AESF Member Schools

Abbie Loveland Tuller School

Contact: Nannette Akins

5870 E. 14th St. Tucson, AZ 85711

(520) 747-1142

nakins@tullerschool.com
www.tullerschool.com

All Saints' Episcopal School

Contact: Tina Burgoz

6300 N. Central Ave. Phoenix, AZ 85012

(602) 274-4878

tburgoz@allsaints.com

www.aseds.org

St. Michael's Parish Day School

Contact: Lonnie Reese

602 N. Wilmot Road Tucson, AZ 85711

(520) 722-8478

lreese@stmichael.net

www.stmichael.net

Imago Dei Middle School

Contact: Anne Sawyer

P.O. Box 3056 Tucson, AZ 85702

(520) 882-4008

asimagodei@aol.com

www.imagodeischool.org

St. Peter's Episcopal Montessori School

Contact: Karin McMillan

400 S. Litchfield Road

Litchfield Park, AZ 85340

Phone: (623) 935-7737

kygeiger@gmail.com

www.stpetersaz.com/montessori

ANNUAL REPORT - FISCAL YEAR 2012-2013

July 1, 2012 - June 30, 2013

TAKE THE TAX CREDITS!

Contribute to AESF

YOUR VALUES -YOUR TAX DOLLARS

TAKE THE CREDITS!

ARIZONA TAX CREDIT INFORMATION for

INDIVIDUALS

2013-2014 AESF Tax Credit Brochure

Take the Credit!

An individual may claim a credit for making a donation to a School Tuition Organization for scholarships to private schools. The maximum credit amount that may be taken for tax year 2013 is $517 for single, unmarried head of household and married filing separate filers and $1,034 for married filing joint filers. The tax credit for contributions to private school tuition organizations is claimed by the individual taxpayer on Form 323.

There are now two Arizona Tax Credits for your contributions to a qualifying private school.

You can TAKE MORE CREDIT!

Take MORE Credit!

Beginning with tax year 2012, an individual may claim an additional credit for making a donation to a School Tuition Organization if the amount contributed is greater than the maximum amount that can be claimed on Form 323. The maximum credit amount that may be taken for tax year 2013 is $514 for single, unmarried head of household and married filing separate filers and $1,028 for married filing joint filers. The tax credit for contributions to certified school tuition organizations-individuals is claimed by the individual taxpayer on Form 348.

DONATE Online HERE

Printable Form for Mailing a Donation

The information presented here is not intended to provide tax or legal advice. Please consult your tax advisor or the State Department of Revenue for questions about individual issues. For more information visit the Arizona Department of Revenue website.

A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of donor recommendations. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer's own dependent.

ARIZONA TAX CREDIT INFORMATION for CORPORATIONS

Arizona's business community can assist children obtain a great education and promote school choice. In 2006, the Arizona Corporation School Tuition Tax Credit Law, A.R.S. Section 43-1183, was passed to allow corporations to receive a dollar-for-dollar tax credit against their state income tax liability. These funds help eligible children receive a quality private education.

ARIZONA TAX CREDIT PROGRAM FACTS

Corporate Tax Credits are allowed on a first come, first serve basis.

Though there is no maximum amount a Corporation may donate, the corporate tax program has an assigned cap. Unused credits can be carried forward for up to 5 years.

A Corporation cannot designate a specific student but it can designate a qualified private school. AESF is certified to received Corporate Tax Credit contributions. If there are qualified children at the designated school, every attempt will be made to scholarship these students. If there are no more qualified students at the designated school and if there are additional funds available, AESF will scholarship other qualified students at other participating AESF schools.

C-Corps that pay Arizona corporate income tax are eligible to participate in this program. If an S-Corp files its income tax on a 120 Corporate Income Tax Return, then it can donate money to receive a credit. If the S-Corp passes its liability through to its individual shareholders or partners, it cannot donate money to receive a credit under this program. Typically "C" corporations are the ones eligible for receiving a tax credit.

COMMUNITY BENEFITS

Corporations lead by example in providing the children of Arizona school choice opportunities. Your support will help grow the next generation of competent leaders. Our communities all win when our children win!

Your company's employees will appreciate having contributions targeted to their children's private school

STUDENT BENEFITS
Disadvantaged children will have an opportunity to move out of unsuccessful public schools and into a school that best meets their unique needs. Arizona families will be able to CHOOSE the school that will best meet the educational needs of their children. Scholarships give families hope and pride at having the opportunity to make the best possible education choice.

FINANCIAL BENEFITS

A dollar-for-dollar tax credit can be realized for your company even at the time of the Arizona tax payment. A charitable donation to a nonprofit (STOs are 501 (c)(3) organizations) will result in publicity for your company and its generous contribution in support of education for Arizona children.

To Start the Process a Corporate Contribution Request Form must be submitted to AESF. AESF must then notify the Arizona Department of Revenue via Express Mail for approval to receive the contribution for the purpose of the Corporation taking a tax credit. The Department of Revenue has 20 days to approve the contribution and then notify AESF of the approval/denial. The request shall be approved if there is credit available under the maximum allocation allowed for the fiscal year. AESF will notify the contact person designated on the original Corporate Contribution Request Form of either the approval or denial by the ADOR.

Once approval has been received from the ADOR - the contribution must then be received by AESF and AESF must notify the ADOR within 10 days to send the contribution. ADOR needs to be informed of the exact date the donation is received for the statewide donation limit considerations. Failure of both receiving the contribution and notifying the ADOR within 10 days will result in the Corporation being removed from cap. The application would then need to be resubmitted for approval.

The Corporation can take the full state tax credit. Please consult your accountant or tax professional for complete information and instructions about Tax Credits.

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