Scholarship Foster Students at No-Net Cost!
Dear Friends of Foster Children/Students!
STO4KIDZ's mission is to facilitate Arizona families in enrolling their children in the most suitable school for their individual needs by utilizing the Arizona Tuition Tax credit program. This program allows individuals and corporations to allocate their income tax liabilities towards investing in K-12 students attending private schools in Arizona, without incurring any out-of-pocket expenses.
A significant number of Foster Families seek scholarships from STO4KIDZ to assist in reducing the tuition costs for their Foster Children at the private school of their choice. These scholarships aim to support the Foster Children in accessing a secure, affectionate, and nurturing environment that they consider their home-away-from-home, fostering their growth and well-being.
Our aspiration is to provide full-ride scholarships to Foster applicant families, we aim to ensure that these children have the opportunity to pursue their education and unlock their maximum potential, just like any other child. We humbly request your assistance in easing the financial burden and enabling us to fulfill this mission.
With no-net-cost to you or your business and a dollar-for-dollar tax credit, we extend an invitation for you to stand with us in supporting Foster Students. By redirecting a portion of your state taxes towards their tuition, you can make a significant impact on Foster Parents' capacity to enroll these invaluable children in a school that caters to their individual needs
You bear no financial burden, yet the impact on these children is immeasurable! It's a win-win situation for everyone involved. By contributing to STO4KIDZ, you receive a 100% credit, effectively reducing your Arizona tax liability dollar-for-dollar. This contribution directly translates into scholarships for Foster Students throughout Arizona.
Make your personal tax credit contribution here, and recommend "FOSTER STUDENTS" for scholarship.
STO4KIDZ provides a tax receipt via email. It's important to note that this is not a donation, but rather a utilization of income taxes that we are obligated to pay. Even if you intend to file for an extension, contributing by April 15 each year allows you to claim the tax credit. (ARS 43-1089) & (ARS 43-1089.03)
For further information, we encourage you to review our Corporate Tax Credit Fact Sheet here, or visit the STO4KIDZ website for detailed information and to submit your Non-Binding Pledge Form.
The Arizona Corporate Tax Credit Program extends eligibility to various types of corporations, such as C-Corps, S-Corps, LLCs that pay taxes as S-Corps, and insurance companies that pay Arizona income taxes on premiums. These eligible businesses can utilize the tax credit by allocating up to 100% of their taxes through contributions to a qualified School Tuition Organization, such as STO4KIDZ. Participating companies receive a Dollar-for-Dollar Tax Credit, without any out-of-pocket costs. It's important to note that the company does not have to be based in Arizona, as long as it bears Arizona tax liability. (A.R.S. 43-1183 & A.R.S. 43-1184)
Please watch the short videos at the end of this letter that explain how each program works. You may also visit our FAQ page for more information, and/or contact us with any questions at 602.698.8855.
On behalf of many Foster parents, we deeply appreciate your invaluable support for our Foster student scholarship applicants. Thank you sincerely for your generosity and dedication.
Miriam P. Antolik and the STO4KIDZ TEAM
