Oct. 9, 2007
CTSO Marketing Seminar
Featuring Paul Bablove with the Bablove Agency
Diocese of Tucson Pastoral Center
Wed, Oct. 24, 2007: 2pm-4pm
Fri, Oct. 26, 2007: 2pm-4pm
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Aug. 30, 2006
Corporate Tax Credit...Giving Arizona Families More Educational Opportunities download »
Oct. 1, 2006
Tax Credit Contributions are more beneficial than a donation!
The Catholic Tuition Support Organization (CTSO) is a non-profit charitable organization under the 501.c.3 IRS tax code. ANY amount you contribute may be claimed as an itemized deduction on your Federal tax return. In addition to the Federal benefit of giving, the State of Arizona allows you to claim a dollar-for-dollar credit on your state return.
This year, the credit is up to $1,000 if you file jointly or $500 if you file singly.
School tax credits have helped provide scholarships to students that want the benefits of a Catholic education, benefits that include high academic achievement and increased graduation levels.
Sept. 29, 2006
How does the CTSO General Fund work?
The Catholic Tuition Support Organization (CTSO) works hard with each eligible school in promoting contributions to the CTSO. Each school's goal is to raise enough designated funds to cover all the financial need in their school. Any contribution that is not designated to a specific school is directed to the General Fund.
All of our schools do a great job of raising enough designated funds, but many of our schools do not have communities that are able to support the level of financial need that exists in their school.
The General Fund is allocated to schools with students with financial needs that were not covered by designated funds. Therefore, the General Fund is crucially important in meeting the needs of students at those schools with fewer funding resources of their own. The CTSO allocates 20% of the General Fund to families that face a true emergency; i.e. loss of job, death, illness, etc.
Jun. 21, 2006
Corporate Tax Credit News!
Arizona's new corporate tax credit (SB1499) allows corporations to direct a contribution to a qualified school tuition organization, and at the same time, receive a dollar-for-dollar credit on their Arizona state tax liability. The corporate tax credit will be capped at $10 million this year with an increase of 20% each year until fiscal year 2010-2011, when it will reach nearly $21 million.
The corporate tax credit effective date is September 21, 2006, and it will allow "C" corporations to claim an income tax credit for contributions made to a school tuition organization that provides scholarship to children of low-income and moderate income families who are transferring from public to private school or who are entering kindergarten.
Jan 23, 2006
Tax Receipts mailed out on January 23, 2006
The Catholic Tuition Support Organization (CTSO) thanks you for your support of the school tax credit. Tax receipts were mailed today. Please call the CTSO office if you have any problems and/or concerns.
Call (520) 838-2571 or (520) 838-2558.