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AZ Tuition Tax Credit

WHAT IS THE ARIZONA TUITION TAX CREDIT?

House Bill 2074, The Arizona Tuition Tax Credit Law, allows Arizona taxpayers the option to give up to $625 annually to private education and $250 annually to public education, and reduce their state tax liability by this amount each year.

WHAT IS THE LUTHERAN EDUCATION FOUNDATION?

The Lutheran Education Foundation (LEF) is a nonprofit 501(c)3 organization that has been formed to comply with the requirements of the Arizona Tuition Tax Credit. The foundation will award grants, on an equitable basis, to students attending Lutheran private schools who may not otherwise be able to afford private school education.

WHEN CAN DONATIONS BE MADE?

Donations can be made at any time. Contributions made during the 2001 tax year, and future years, are eligible for credit against state taxes in that tax year.

WHERE DO I SEND DONATIONS?

For donations to Lutherans please use the form below. Gifts to support public education should be sent directly to the public school of your choice.

ARE THERE ANY RESTRICTIONS ON THE USE OF MY GIFT FOR TAX CREDIT?

"Donors are not allowed to designate an individual student, however designation can be made to a specific qualifying school (i.e. Lutheran Schools, K-12). Scholarships will be granted by the Lutheran Education Foundation on an equitable basis and reflect the financial need of individual students."

WHAT IS THE SCHOLARSHIP APPLICATION PROCESS?

Application forms for scholarship grants are available at each school office.

WHAT SCHOOLS ARE COVERED BY THE LAW?

Students at any private or Lutheran kindergarten, elementary, and secondary schools may receive scholarship assistance under the provision of the House Bill #2074.

MAY MY DONATION ALSO BE DEDUCTED WHEN I REPORT MY FEDERAL TAXES?

Yes, donors who itemize may deduct contributions to the Lutheran Education Foundation for federal tax purposes, as provided in Section 170 of the Internal Revenue Code.

WHO DO I CONTACT FOR MORE INFORMATION?

Valley Lutheran HS (602)230-1600; Martin Luther School (602)248-0656; Christ Lutheran School (602)932-4176 or Jack Beyer (480)502-0385.

HOW CAN I GET INFORMATION FROM THE ARIZONA TAX REVENUE SERVICE ABOUT THIS?

Contact the Revenue's Web site or call (602)542-4672.

COPY THE FOLLOWING FORM TO MAIL WITH YOUR DONATION

---------------------------------------------------------

LUTHERAN EDUCATION FOUNDATION, INC.

P.O. Box 41993-Phoenix, AZ 85080-1993

Donor Name: _____________________________

Address:______________________________________________________________

Phone:_____________________

Donations will be used for scholarship grants awarded on the basis of financial need for students who have applied for a scholarship and are attending a qualifying Lutheran school in Arizona. Awards will be made by the Lutheran Education Foundation, Inc. without regard to the student's race, gender, color, handicap, familial status or national origin. Admissions decisions are the exclusive responsibility of each school. A receipt will be issued for tax purposes. By law, at least 90% of all funds received will be used for scholarship grants. Donations specified for a particular school in excess of scholarship grant/needs will be reallocated to needy students at another Lutheran school.

___Designate my gift for any needy students at Lutheran School

Optional designation: __________________________

Amount ________________ Check Number ________

Make checks payable to the Lutheran Education Foundation and send to P.O. Box 41993, Phoenix, AZ 85080-1993

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