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. 


2021/2022 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 = $116,024.62

         Percentage of Total amount awarded = 23.90%

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 = $191,231.37

        Percentage of Total amount awarded= 39.39%


Switcher Scholarship Program

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

        Total dollar amount awarded = $68,034.60

        Percentage of Total amount awarded = 29.26%

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 = $92,856.70

        Percentage of Total amount awarded= 39.94%


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 = $8,208.50

        Percentage of Total amount awarded = 25.89%

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 = $23,491.22

        Percentage of Total amount awarded= 74.11%




      
       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.