Annual Funding & Payouts



The amounts and percentages reported below are amounts awarded to Low-Income students. 
The amounts are not a reflection of the total awards paid out during the School Year. 


2020/21 CCSTO Payouts by Fund: 

Original Scholarship Program

A)  Original scholarships awarded to students with family income up to 185% of poverty level:

         Total dollar amount awarded = $100,730.25

         Percentage of Total amount awarded = 23.24%

B)  Original scholarships awarded to students with family income that is greater than 185% of poverty level but not more than 342.25% of poverty level:

        Total dollar amount awarded = $161,428.35

        Percentage of Total amount awarded= 37.25%


Switcher Scholarship Program

A)  Switcher scholarships awarded to students with family income up to 185% of poverty level:

        Total dollar amount awarded = $48,579.48

        Percentage of Total amount awarded = 26.04%

B)  Switcher scholarships awarded to students with family income that is greater than 185% of poverty level but not more than 342.25% of poverty level:

        Total dollar amount awarded = $60,054.04

        Percentage of Total amount awarded= 32.20%


Low-Income Corporate Scholarship Program

A)  Low-Income Corporate scholarships awarded to students with family income up to 185% of poverty level:

        Total dollar amount awarded = $18,178.00

        Percentage of Total amount awarded = 37.49%

B)  Low-Income Corporate scholarships awarded to students with family income that is greater than 185% of poverty level but not more than 342.25% of poverty level:

        Total dollar amount awarded = $30,304.55

        Percentage of Total amount awarded= 62.51%




      
       Arizona Revised Statute - A.R.S. §43-1603(C):
  • A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of a donor's recommendation.
  • A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependents.