scholarship fund

Take advantage of the opportunity to have a say in where your state tax dollars go. Invest in the students of the Herberger Young Scholars Academy, and take a dollar-for-dollar tax credit for your contribution to our scholarship fund today.

THANK YOU


Thank you for your interest in providing scholarships for Herberger Academy students. Your donation, designated specifically for Herberger Academy tuition, is made possible by the Arizona Private Education Scholarship Fund (APESF).

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If you're ready to support

Herberger Academy...

Great! Your donations are valuable and appreciated.

FREQUENTLY ASKED QUESTIONS

WHAT IS A SCHOOL TUITION ORGANIZATION?

A school tuition organization is one that is tax-exempt under Section 501(c)(3) of the Internal Revenue Code and certified by the state of Arizona to receive tax credit qualifying donations and to award scholarships to students attending Arizona private schools.

WHAT PERCENTAGE OF MY DONATION WILL ACTUALLY BE ALLOCATED FOR SCHOLARSHIPS?

90% or more of every dollar will be directly allocated to provide scholarships for students attending Herberger Academy.

MAY I TAKE THE ENTIRE CONTRIBUTION AS A TAX CREDIT?

Yes, you may receive an Arizona tax credit for the full amount of the contribution, up to the amount allowed by law or the actual Arizona state income tax you owe, whichever is less. Any excess can be carried forward and used to offset state income taxes for up to five years. A taxpayer who donates between January 1st and April 15th may elect to claim the credit in either the previous tax year or the current year in which the donation was made. Always consult a tax advisor with questions regarding your personal taxes.

WHAT TAX FORMS DO I USE IF FILING FOR THE TAX CREDIT?

In order to claim the tax credit for your donation, you must file Arizona tax forms 301, 323 and sometimes 348 along with your Arizona income tax forms. These forms (and instructions) can be downloaded here (http://www.azdor.gov/Forms/Credits.aspx). Please consult your tax preparer with further questions.

TAX CREDIT VS. DEDUCTION-WHAT'S THE DIFFERENCE?

A tax credit lowers your tax bill dollar-for-dollar. A deduction decreases your taxable income, so the value deducted depends on your tax bracket. If you are in the 25% bracket, a $1,000 deduction lowers your tax bill by $250. But a $1,000 credit lowers your bill by the full $1,000, no matter the tax bracket.

WHAT DOES RE-DIRECTING STATE TAXES OWED MEAN?

Making a donation to APESF is an alternative to writing a check to the state. For example, if you owe $3,000 to the state, you could say, "I want $1,000 of that to go to students at Herberger Academy," and you would then only owe $2,000 to the state. In other words, a tax credit contribution to APESF directly reduces the amount of taxes you owe to the state of Arizona that you would have to pay anyway. By taking the credit you are, in effect, re-directing your tax dollars to benefit worthy students at Herberger Academy.

WILL I RECEIVE A RECEIPT FOR MY DONATION

Donors who contribute online will automatically receive an email receipt and may also request a receipt be mailed to them. Donors who contribute by mail with a check will have the option on the donor form to receive it by mail, email or both.

STILL HAVE QUESTIONS?

CONTACT THE SCHOOL AT HYSASCHOLARSHIPS@GMAIL.COM

OR APESF AT HELPDESK@APESF.ORG