(Arizona Christian School Tuition Organization, Inc.)
Dollar-for-Dollar Tax Credit-Making Christian Education Affordable
Since it began in 1998, the Arizona Christian School Tuition Organization, Inc. www.ACSTO.com has awarded scholarships to nearly 7,000 students attending 120 Arizona Christian schools. Nearly 20,000 visionary Arizona taxpayers have made this possible by donating to ACSTO, and taking advantage of Arizona’s unique opportunity to receive a dollar-for-dollar tax credit against their Arizona state income tax.
ACSTO’s sole purpose is to implement the private school tuition tax credit law passed and signed into law in 1997 as A.R.S. Section 43-1089. ACSTO is a tax-exempt, charitable organization pursuant to federal tax law, Section 501 (c)(3).
The constitutionality of the tax credit law has been upheld by the Arizona Supreme Court. The U.S. Supreme Court determined not to review the favorable Arizona Supreme Court decision. The law is effective for donations made during calendar year 1998 and for each year thereafter.
Since its inception, ACSTO has awarded more than $15 million to help children pay their Christian school tuition.
Phoenix Christian received $609,728.45 in tuition tax credits from ACSTO. This is a 23% increase from 2004 .
How your state tax dollars can help students receive an outstanding private Christian education at Phoenix Christian:
 Make a donation to ACSTO, (Pdf) recommending Phoenix Christian Jr/Sr High School as the recipient. You may also recommend a specific student; however, you may NOT designate your own dependent as a potential recipient. - Maximum Arizona state income tax credit for one year is $1,000 for married persons filing jointly or $500 for a single taxpayer, or the actual tax, whichever is less. Lesser donations are also welcome.
- Donations must be postmarked or delivered to ACSTO by December 31 to be claimed as a credit for this year.
- ACSTO will mail receipts by the following January 31.
- Calculate your Arizona tax liability.
- Subtract your gift from what is owed to the State of Arizona.
- Use Arizona state income tax Forms 301 and 323.
- A Federal tax deduction may also be available. Consult your tax advisor.
Did You Know....
Some employers will match a donation given by their employees to ACSTO. The following companies have matched donations given by their employees to ACSTO:
- American Express
- APS (only half)
- Coca Cola
- Conseco
- First Data
- Gannett Foundation
- Intel
- Kimberly Clark
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- Land America
- Meredith Corporation
- Motorola
- Nike
- Pfizer
- Prudential
- Raytheon
- US West
- Thrivent Financial for Lutherans
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Obtain a matching gift form from your employer. Fill out your portion of the form and make sure you sign it. (Write Arizona Christain School Tuition Organization as the recipient of your donation.) Mail the original to ACSTO. ACSTO will fill out our portion along with any required additional documentation and mail it to the gift matching department of your company.
www.acsto.org/donationsmatchinggifts.html
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