Program Overview
Incorporated in 1999, School Tuition Association of Yuma, Inc. (STAY) is an AZDOR certified Corporate STO (School Tuition Organization) and is a tax-exempt charitable organization pursuant to section 501(c)(3) of the Internal Revenue Code. (EIN #86-0947351)
Why choose STAY?
Not all children are the same.
STAY works with Arizona’s tax credits to help create scholarships for children who otherwise could not get the educational opportunities they need. By partnering with STAY, you are helping hundreds of students gain access to the school that is best suited to help them THRIVE in your community.
You can be a part of a life-changing opportunity for a student in need!
How? Corporations and Individuals can donate and claim a dollar-for-dollar tax credit against their Arizona income taxes. At no cost to you, you can choose to donate what you would otherwise pay to the state in taxes. STAY then, essentially, converts your tax credit into scholarships. It’s that simple!
Each donation helps a child reach their unique potential whether it is a disadvantaged child who needs a school that best meets their unique needs, a displaced child who is in Arizona’s foster care program or a child with a variety of learning obstacles who needs specific help to function to their fullest capacity.
You can give families hope and lead by example in providing the children of Arizona school choice opportunities.
We all win when the children in our communities THRIVE!
Tax Credit Limits
A tax credit is a dollar-for-dollar reduction of the income tax you owe. For example, if you owe $1,000 in federal taxes but are eligible for a $1,000 tax credit, your net liability drops to zero.
1. Corporate Limits
The corporate tax credit donation limitation for fiscal year 2023/2024, (July 1, 2023 - June 30, 2024) is $158,476,605.
Low-Income Corporate Scholarship demographics based on household income for fiscal year ending June 30, 2023:
Household income up to 185% of poverty level.
| Scholarship Dollars | $ 559,612 |
|---|---|
| % of Total Low-Income Scholarship Dollars | 46.35% |
Household income greater than 185% but not more than 342.25% of poverty level.
| Scholarship Dollars | $647,855 |
|---|---|
| % of Total Low-Income Scholarship Dollars | 53.65% |
2. Individual Limits
Collectively, the limit for individuals for tax year 2023 is $2,609 (married filing jointly) or $1,307 (filing single or separately).
Collectively, the limit for individuals for tax year 2024 is $2,910 (married filing jointly) or $1,459 (filing single or separately).
The way it works for tax purposes is as follows: individual donations are applied to the "Original Individual Tax Credit" until the donor reaches their "tax credit limit" for the tax year. At that time, the excess dollars are applied to the new "Switcher Individual Tax Credit" until that credit is also maxed for the tax year. Any donations in excess of the total limit, $2,609 (married filing jointly) or $1,307 (filing single or separately), are treated as donations which can be taken as itemized deductions on both your federal and state income tax returns.
Original Individual Tax Credit (Claimed on Arizona Form 323)
- Donors that file married filing jointly, for income tax purposes, can take a tax credit up to $1,308 (2023) or $1,459 (2024).
- Donors that do not file married filing jointly, for income tax purposes, can take a tax credit up to $655 (2023) or $731 (2024).
Original Individual Scholarship demographics based on household income for fiscal year ending June 30, 2023:
Household income up to 185% of poverty level.
| Scholarship Dollars | $ 15,874 |
|---|---|
| % of Total Original Individual Scholarship Dollars | 25.84% |
Household income greater than 185% but not more than 342.25% of poverty level.
| Scholarship Dollars | $3,500 |
|---|---|
| % of Total Original Individual Scholarship Dollars | 5.70% |
Switcher Individual Tax Credit (Claimed on Arizona Form 348)
- Donors that file married filing jointly, for income tax purposes, can take a tax credit up to $1,301 (2023) or $1,451 (2024) .
- Donors that that do not file married filing jointly, for income tax purposes, can take a tax credit up to $652 (2023) or $728 (2024).
Switcher Individual Scholarship demographics based on household income for fiscal year ending June 30, 2023:
Household income up to 185% of poverty level.
| Scholarship Dollars | $ 0 |
|---|---|
| % of Total Switcher Scholarship Dollars | 0.0% |
Household income greater than 185% but not more than 342.25% of poverty level.
| Scholarship Dollars | $4,251 |
|---|---|
| % of Total Switcher Scholarship Dollars | 10.44% |
