Community Reinvestment: Low Income Based Scholarships Inc. unlocks the potential of students from vulnerable communities by transforming tuition funding into a launchpad for leadership, innovation, and lasting impact.
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How to Claim the Arizona Private School Tax Credit (STO) When Donating to Community Reinvestment: Low Income Based Scholarships Inc. If you are filing Arizona personal income taxes and searching for how to claim the Private School Tuition Tax Credit, donations made to Community Reinvestment: Low Income Based Scholarships Inc. qualify for a dollar-for-dollar Arizona tax credit — not a deduction. This credit is claimed directly on your Arizona state tax return, including when filing with TurboTax or a CPA. Where Arizona STO Donations Are Claimed on Your Taxes Arizona School Tuition Organization (STO) donations are claimed on your Arizona state return, not your federal return. When you donate to Community Reinvestment: Low Income Based Scholarships Inc., your contribution is...
Low Income Based Scholarship DetailsArizona’s School Tuition Organization (STO) tax credits allow both individuals and corporations to redirect their Arizona state tax liability into scholarships for K–12 private school students. These credits are dollar-for-dollar against state income tax owed, are non-refundable, and may be carried forward for 5 consecutive tax years. Community Reinvestment: Low Income Based Scholarships Inc. is an AZDOR-certified STO that directly addresses the largest gap in educational funding in Arizona—access to high-quality education for low-income and foster-care students. Individual Taxpayers - Arizona provides two separate credits for individuals: • Original Individual STO Credit (Form 323): Up to $769 single / $1,535 married filing jointly. • Switcher/Overflow STO Credit (Form 348): Up to $766 single / $1,527 married filing jointly. Timing election...
Low Income Based Scholarship DetailsNonprofit sets stricter standards than state guidelines, ensuring Arizona’s lowest-income and foster children benefit from school choice. “School choice without equity is vapid.”— Carly Bodmer PHOENIX, AZ, UNITED STATES, August 22, 2025 / EINPresswire.com / -- Community Reinvestment: Low Income Based Scholarships Inc. Urges Arizona Businesses to Ensure School Choice Reaches the Students Who Need It Most Community Reinvestment: Low Income Based Scholarships Inc. announced today its call for Arizona businesses and banks to take a leading role in expanding educational opportunity to the state’s most vulnerable children. While Arizona’s corporate School Tuition Organization (STO) program already prioritizes families eligible for the Free or Reduced Lunch program, Community Reinvestment goes further. Its scholarships are limited to students from households at...
Low Income Based Scholarship DetailsRecent federal legislation passed by the 119th Congress—commonly referred to as the One Big Beautiful Bill Act—clarifies that donations made to School Tuition Organizations in Arizona, such as Community Reinvestment: Low Income Based Scholarships Inc., may now be claimed both as a full state tax credit and as a federal tax deduction. This means that individuals and businesses donating to Community Reinvestment: Low Income Based Scholarships Inc. can reduce their Arizona income tax liability dollar-for-dollar and also deduct the donation from their federal taxable income, assuming they itemize deductions. The net result is that many donors will experience no out-of-pocket cost for contributing—while still supporting students in financial need. Arizona’s tuition tax credit program has been in place since 1997,...
Low Income Based Scholarship DetailsArizona is at the forefront of the school choice movement with strengthened opportunities for families to identify an educational fit for their children. At the center of this movement are School Tuition Organizations (STOs), which provide scholarships through tax-credit financed donations to fund students to attend private schools that fit their learning styles, aspirations, and other student needs. One example of an organization that is doing impactful work within this space, is Community Reinvestment: Low Income Based Scholarships Inc. (lowincomebasedscholarships.com). As a STO, Community Reinvestment focuses on supporting families within limited financial space; their mission is to make sure that every child has access to a high-quality education regardless of their family status. The Role of School Tuition Organizations in...
Low Income Based Scholarship DetailsCommunity Reinvestment: Low Income Based Scholarships Inc. is a non-profit organization dedicated to providing educational opportunities for school-aged children in Arizona. As a 501(c)3 organization, we work in collaboration with the Arizona Department of Revenue to create scholarships for students in the K-12 private school sector. Our mission is to ensure that children from low-income families have access to quality education and the opportunity to thrive academically. We understand the financial challenges that many families face, which is why we focus on providing scholarships based on need. To qualify for our scholarships, families must meet income verification guidelines, as measured by the Free or Reduced Lunch Program. These guidelines are set by the USDA and are designed to identify families...
Low Income Based Scholarship DetailsDonations to Community Reinvestment: Low Income Based Scholarships Inc. serve students from low-income qualifying families in Arizona. We intentionally named this organization to best explain what it is we do. K-12 students are given an opportunity to attend schools that are best for them, in Arizona, and receive assistance through our program to ease the burden. While we support all schools in Arizona, private schools make up about 10% of the student population in the state. Private schools may intend for college preparation in nature, as are public schools, but there are also many reasons why a school assigned to a zip code, might not be the best fit for a child. Finding those cases, is what our organization seeks...
Low Income Based Scholarship DetailsAs our team grows and partnerships form, it is important to define our ethos and create a purpose driven organization and stay focused. Like any organization forming a strong Mission and Vision is important. Using the those words as a guiding light, can help to keep ones self in check and in alignment with the group. So let's dive in and define ourselves! Community Reinvestment: Low Income Based Scholarships is a purpose driven organization, here to serve the greater good, create opportunities, and have fun while doing it. We are committed to improving quality of life for students. We work tirelessly in advocating for the dramatic improvement of undeserved communities in Arizona. We are objective in issuing scholarships, in that...
Low Income Based Scholarship DetailsArizona's only corporate dollar-for-dollar tax credit is a full write off against an Arizona tax liability for a business, with virtually no cap, except the yearly allowance set forth by Arizona's Department of Revenue. This tax credit worthy donation is available in various forms, but the Corporate donation aids children from LMI families (low-moderate income families). The way in which their need, and acceptance into receiving tuition aid is measured, is aligned with free or reduced lunch program admittance and funds are distributed through STO's (School Tuition Organization's) like Community Reinvestment: Low Income Based Scholarships Inc. Community Reinvestment: Low Income Based Scholarships Inc. was formed in an effort to search for worthy recipients and partnering schools to receive funds. Using...
Low Income Based Scholarship Details
