As we head toward the end of the calendar year, two opportunities are available that have importance and lasting impact on our school. Certainly, everyone who pays tuition appreciates the various school tuition organizations (STO’s) that are active in the state of Arizona. Many of our families benefit from tax credits through local and state STO’s, including the Institute for Better Education (IBE) through which tax-credit dollars can be directed on behalf of specific students. For a number of years, St. Michael’s has promoted the importance of support for the Arizona Episcopal School Foundation (AESF) as a recipient of tax-credit dollars from our families. AESF is the major source for our school financial aid, which is awarded to financially qualified families. Through AESF, St. Michael’s has been able to assist many families in sending their children to St. Michael’s, and we hope that we will be able to continue that practice through the strong support from our families for AESF. There are many positive benefits that result from the Arizona tax credits, and we are grateful for those who designate tax credits for St. Michael’s through AESF.
In addition to tax credits, support for our school’s Annual Halo Fund through tax-deductible contributions helps to sustain the St. Michael’s operating budget and offsets the difference between tuition dollars received and the cost of operating the school. St. Michael’s has a long history of operating in a fiscally conservative manner in order to keep our tuition at an affordable level. In doing so, however, we depend on the generosity of our families and friends, including members of the church community, through donations to our Annual Halo Fund. This year, our goal is to raise the level of participation from our families. As a small incentive, those who have made a donation by Friday, December 4, will be entered in the drawing for an Apple iWatch, which will take place at the St. Nicholas Day program. All donations, big or small, are gratefully appreciated and make a difference for our school. I hope that if you have not yet made a pledge or donation, you will consider doing so before December 4. Pledges may be made at any time and paid by June 30, 2016.
Thank you for joining me in participating in the Annual Halo Fund and for your support of the Arizona Episcopal School Foundation with your tax-credit dollars. We are blessed by the generosity of many who make it possible for us in turn to help our students. For that I am truly thankful this season.
Head of School
Tick, tock. Tick, tock. The clock is ticking, and the days are slipping by. In a few short weeks, April 15th will roll around, and taxes will be due. So here’s the big question…will you take the credit? The tax credit, that is.
Support for St. Michael’s through the Arizona Episcopal School Foundation and the state tax-credit program directly benefits many financially qualified students at St. Michael’s. The mission of St. Michael’s church and school has always been to provide this high-quality educational program to all qualified students, regardless of their ability to pay. The tax-credit program, through AESF, makes that possible. Currently more than 30 percent of our families have chosen to participate. I’d love to see that number rise beyond 50 percent. Participating in the tax-credit program does not cost you anything. Participants are simply directing tax dollars to St. Michael’s. It’s easy and simple. Our new tax-credit video, accessed through the St. Michael’s website, demonstrates just how easy it is to take the credit and to make a difference. The result is that you feel good about directing how your tax dollars are used, and we feel good because we know that we are making a difference in the lives of many children. So do it today! Take the credit. You’ll be glad you did. I sure do.
Head of School
Click here for the full version of this document with clickable links: Tax Credit