Community
Community Reinvestment: Low Income Based Scholarships Providing Private School Vouchers to Arizona’s Low-Income Families
Community Reinvestment: Low Income Based Scholarships is a new School Tuition Organization in Arizona that is making a positive impact on low-income families. The organization’s mission is to provide private school vouchers to students in low-income families, and to create a positive impact within communities.
Community Reinvestment: Low Income Based Scholarships works with schools to identify the overall need of a school and to research where a donation will have the highest community impact. By identifying the demographics and needs of the private school ecosystem, the organization allows corporate donors to decide how to aid and impact communities with their donations. The organization’s focus is on providing new opportunities for families that might not otherwise have the ability to go to a school with the resources needed in order to allow their child to thrive.
The organization has worked with banking authorities and educational institutions to create a program that is purpose-driven and accessible. The organization uses data-driven factors such as special needs, defined programs such as STEM and Montessori, % of overall LMI (low/moderate income) need within a school as a whole, county, and other factors related to need and risk to make decisions.
The goals of Community Reinvestment: Low Income Based Scholarships are to measure the long-term impact within communities and lower the illiteracy, crime, and incarceration rates in Arizona. Corporate donations to the organization utilize the only dollar-for-dollar tax credit available in Arizona. The organization’s goal is to maximize the use of this ability, in partnership with the Arizona Department of Revenue, to impact communities with the highest need.
In summary, Community Reinvestment: Low Income Based Scholarships is a non-denominational organization that is focused on providing private school vouchers to students in low-income families. The organization’s mission is to create a positive impact within communities and provide new opportunities for families that might not otherwise have the ability to go to a school with the resources needed in order to allow their child to thrive. With a focus on data-driven decisions and partnerships with banking authorities and educational institutions, the organization is making a positive impact on the education and future of Arizona’s low-income families.
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