Corporate & Insurance Premium Tax Credits
Your contribution makes private K-12 education possible for families with verified financial need — and will not cost your company anything.
“C” and “S” corporations with an Arizona income tax liability and insurance companies that pay Arizona premium tax can redirect their tax liability to Brophy Community Foundation (a certified school tuition organization) and receive a 100% dollar-for-dollar Arizona income or premium tax credit. The money is awarded to K-12 students, with verified financial need, for private school tuition assistance at these Arizona schools.
A Quick Guide
Read Arizona Department of Revenue facts about corporate and insurance company tax credit contributions to school tuition organizations.
Why Donate to Brophy Community Foundation?
Your company gets a 100% dollar-for-dollar tax credit
This is a “no-cost” redirection of the company’s tax liability that is claimed when filing the company’s Arizona income tax return.
You decide how your company’s tax dollars are spent
You help deserving families afford tuition costs for their k-12 children.
Helping students get quality education
Your contribution provides equal access and removes financial barriers to Arizona families desiring a private school education for their children.
Here's how to apply
Contact Dawn Kennedy
dkennedy@brophyprep.org
602.264.5291 (x6500)
- OR -
Fill out one of the Forms Below
How To Claim the Tax Credit
The company claims the credit with Arizona Tax Forms 300 and 335; S corporations also file 335-S, 335-P, or 335-I when filing their Arizona income tax return.
If the allowable tax credit exceeds the taxes otherwise due on the claimant’s income, or if there are no taxes due, the taxpayer may carry the amount of the claim not used to offset the taxes forward for not more than five consecutive taxable years’ income tax liability. (A.R.S. 43-1183E)
