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AAA’s response to a change in Florida’s Income-Based Scholarship Program

November 18, 2020 by admin

AAA Scholarship Foundation is committed to resolving an issue brought to our attention by the Florida Department of Education in a way that honors the legislative intent of CS/HB 7067, while maintaining fidelity to the charitable trust of our donors, compliance with both the Florida Solicitation of Contributions Act and the Internal Revenue Code, and most importantly, dedication to our scholarship recipients.

We have been in communication with the Department regarding this issue and have offered several possible solutions that would allow us to maintain the integrity of our values and beliefs.  Our proposed solutions would allow us to continue to be representative of our charitable mission/exempt purpose, while complying with the letter of the law – that renewal students are eligible for the Florida Tax Credit Scholarship Program regardless of income. Unfortunately, our solutions have not been accepted by the Department, but we remain hopeful that together we will arrive at a path that is in the best interest of the scholarship students.

Just as we celebrate the diverse students and communities we serve, we ask the State Board of Education and Florida Department of Education to continue to support the idea that having a choice of different Scholarship Funding Organizations administering the Florida Tax Credit Scholarship Program makes it a stronger, more robust Educational Choice Program for the citizens of Florida.

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GA: Upon request, AAA will send you a full and fair description of this charitable program and a financial statement which shall be consistent with the financial statement required to be filed with the Secretary of State pursuant to Code Section 43-17-5. O.C.G.A. § 43-17-8. AZ: A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of a donor's 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. FL: A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE 1-800-HELP-FLA OR ONLINE AT www.FloridaConsumerHelp.com, REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. FL REGISTRATION #CH38386 NV: A contribution or donation to AAA Scholarship Foundation, Inc. may be tax deductible for federal income tax purposes.

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