The Foundation

The Independent Schools Corporate Tax Foundation (ISCTF), a recognized 501 (c) (3) non-profit School Tuition Organization or STO, provides scholarships for qualified, low-income students to attend private school. Scholarships are funded through voluntary donations made by C-Corporations with Arizona tax liability in accordance with Arizona Corporate Tax Credit Program (A.R.S. 43-1183).

The Foundation understands that for many families, a private school education is not financially possible. ISCTF believes that parents should have a choice when selecting a school for their children. In 2006, the state of Arizona enacted legislation to help families make the dream of private school become a reality. The Arizona Corporate Income Tax Credit Program allows School Tuition Organizations such as ISCTF to provide scholarships for qualified students.

Scholarships for students meeting the strict criteria set by the State are awarded at the sole discretion and determination of ISCTF. The Independent Schools Corporate Tax Foundation decisions are made without reference to race, color, religion, age, disability, national and ethnic origin, sexual orientation, gender, or familial status.

© 2011 The Independent Schools Corporate Tax Foundation
A school tuition organization cannot award, restrict, or reserve scholarships solely on the basis of donor recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer's own dependent.