Phoenix, Arizona (PRWEB) November 01, 2013
Catholic Education Arizona announced at the sixth annual Night of Hope Dinner for Catholic Schools on Oct. 26 that it paid out more than $14 million in scholarship awards to 5,534 students from low-income families this school year. The record amount of scholarship funding was made possible through gifts from 12,564 individuals and 19 corporations and insurance companies that contributed through the Arizona Private Education Tax Credits.
“We are thrilled to make possible the dream of a Catholic education for so many deserving families,” said Paul S. Mulligan, President and C.E.O of Catholic Education Arizona. “Thanks to conscientious taxpayers who chose to redirect their tax dollars to Catholic education, thousands of today’s students are on the path to becoming tomorrow’s community leaders.”
Families and companies that take advantage of the dollar-for-dollar state tax credit also receive a federal tax deduction. Scholarship recipients gain the opportunity to experience the “Catholic school advantage,” which boasts robust character formation, a 99 percent high school graduation rate and in which 97 percent of students go on to pursue higher education.
The state’s largest provider of need-based funds to students attending K-12 Diocese of Phoenix Catholic schools, Catholic Education Arizona has paid-out $124 million in awards since 1998 to low-income families that desire, but cannot otherwise afford, a Catholic education for their children. Nearly half of all enrolled diocesan Catholic school students qualify for and receive financial assistance from Catholic Education Arizona.