Arizona Private School Tax Credit

Did you know that Arizona allows individuals and certain corporations to recommend a portion of their state tax liabilities to support the financial assistance program of Pardes Jewish Day School? Participants then receive a dollar-for-dollar credit on their state taxes!

While there are many educational tax credit organizations out there, Pardes Jewish Day School directs contributors to the Jewish Tuition Organization (JTO). The JTO is the Student Tuition Organization specifically for Jewish day schools.

Individual Tax Credit

The Arizona Private School Tuition Tax Credits Program allows individuals to recommend a portion of their Arizona tax obligation in support of the financial assistance program at Pardes Jewish Day School through the Jewish Tuition Organization. Participants then receive a dollar-for-dollar credit against their Arizona income taxes.

How much can I give?

For the 2021 Tax Year:

If filing individually, you can give $1,219.

If filing jointly, you can give $2,435.

How do I take the Private School Tax Credit for Pardes?

Step 1: Go to https://donations.jtophoenix.org/

Step 2: Complete the form and select “Pardes Jewish Day School Fund” from the School Fund menu under Other Recommendations.

Step 3:  File the receipt with your State taxes. Claim your tax credit onArizona Form 323 and Arizona Form 348 to deduct the full amount of your contribution as a credit on your state tax return.

Who can participate in the Private School Tax Credit program?

Anyone who has a state tax obligation in Arizona can participate, so you, Bubbe, Zayde, Savta, Saba, your neighbors, co-workers, hair stylist, business partners or golfing buddies just to name a few.

Can I take other state tax credits?

Yes! You can take the Qualified Charitable Organization Tax Credit, the Public School Tax Credit, the Qualified Foster Care Charitable Organization Tax Credit and the Veterans Tax Credit. Visit www.azdor.gov for more information on tax credits.

It’s a win-win, and it doesn’t cost you anything! You can take the tax credit for Pardes until you file your taxes, not later than April 18, 2022.

Corporate Tax Credit

Your company can also help us provide need-based scholarships at no out-of-pocket cost to your corporation. By making a corporate tax credit contribution, companies can redirect the taxes they would otherwise pay to the state of Arizona to fund scholarships for our most deserving and highest-need students so that they may receive a Pardes education.

Who is eligible to participate in the Corporate Tax Program?

C corporations, S corporations, LLCs filing as S corporations and insurance companies are eligible to take the dollar-for-dollar Arizona Private School Tuition tax credit when they support Student Tuition Organizations (STOs).

How does the corporation benefit?

Making a contribution to a Student Tuition Organization (STO) through the Corporate Tax Credit program is a virtually free opportunity for a company to redirect its tax dollars to students instead of paying them to the state. They are helping open doors for students who may not otherwise had the opportunity to receive a well-rounded Jewish day school education due to cost.

We work with our corporate donors to be acknowledged either publicly or anonymously.

What is the process to contribute?

Please contact the Advancement Office at advancement@pardesschool.org for next steps.

What is the deadline for contributing?

While the deadline for submissions with the Arizona Department of Revenue (ADOR) begins on July 1, the state will continue to approve submissions until that year’s cap has been met.

Because the cap can be exhausted within the first day, it is important for a corporation to reach out as soon as possible  so we can best plan for the donation’s approval with the ADOR and the STO.

Please contact the Advancement Office at advancement@pardesschool.org for more information.

Questions? Contact Emily Levkowitz, Director of School Advancement, at 480-991-9141 x112 or elevkowitz@pardesschool.org

NOTICE: 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. Consult your tax advisor for specific tax advice.