Phoenix, Arizona (PRWEB) August 22, 2013
Catholic Education Arizona announced today it is issuing its largest-ever scholarship awards totaling over $14 million dollars for the 2013/14 school year, thanks to dollar-for-dollar state tax credit contributions received from 12,579 individual Arizona taxpayers and 17 corporations and insurance companies.
“We’re definitely celebrating the success of this record-setting fundraising year and the positive impact it will have on our schools and families,” said Alan Sears, Chairman of the Board. “But we also recognize that great challenges still lay ahead to help engage the majority of Catholic households that pay state taxes but still have not had the opportunity to take advantage of the private education tax credit, which lowers costs for all Arizonans, and helps fund quality Catholic education for more boys and girls.”
The determined financial need of families that have applied for aid for this school year is over $26 million to date, with new applications still accepted through August 28, 2013—meaning that even with its best fundraising year ever, Catholic Education Arizona is still encountering a $12 million gap between “need” and “award.”
Donors to the program receive a dollar-for-dollar state tax credit and a federal tax deduction. Scholarship recipients gain the opportunity to experience the “Catholic School advantage” which includes robust character formation, a ninety-nine percent high school graduation and ninety-seven percent to-post-secondary rates.
Families who have yet to apply for financial aid for the upcoming 2013/14 school year must do so no later than August 28, 2013. Visit CatholicEducationArizona.org to access an online scholarship application or to learn more about the organization’s advocacy for Catholic education.
About Catholic Education Arizona
The state’s largest provider of need-based funds to students attending K-12 Diocese of Phoenix Catholic schools, Catholic Education Arizona has now paid-out a total of $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.