Annual Funding & Payouts
The amounts and percentages reported below are amounts awarded to Low-Income students. The Arizona Department of Revenue requires that we post this information on our website. The amounts are not a reflection of the total awards paid out during the School Year. Ninety-Three.Five (93.5) Percent of all donations are awarded as tuition scholarships.
2022/23 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 = $52,635.47
Percentage of Total amount awarded = 30.37%
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 = $51,266.57
Percentage of Total amount awarded = 29.58%
Switcher Scholarship Program
A) Switcher scholarships awarded to students with family income up to 185% of poverty level:
Total dollar amount awarded = $23,568.05
Percentage of Total amount awarded = 23.40%
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 = $26,277.36
Percentage of Total amount awarded = 26.09%
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.