AZ Foster Care Tax Credit
Kids in foster care win.
Foster Care Tax Credit
Arizona offers a tax credit to state residents who support local schools and eligible nonprofit organizations, including Arizona Friends of Foster Children Foundation. Qualifying charitable contributions of up to $526 for single taxpayers and up to $1,051 for married taxpayers filing jointly can be deducted directly from your state income taxes. Learn more about the Arizona tax credit and how it may apply to your return this year.
Tax Benefits of Your Contribution
If you expect to break even or get a refund on your Arizona state taxes, the amount you donate will be added, dollar for dollar, to your refund. If you expect to owe income tax to the state, your contribution will directly reduce the amount of your debt, also dollar for dollar. This creates a win-win situation for your favorite charitable organization and your budget.
Eligible nonprofits must receive certification as a Qualifying Foster Care Charitable Organization (QFCO). These organizations meet an immediate community need for Arizona residents who live in poverty and spend at least 50% of their operating budgets on providing these services, in addition to other state requirements.
How to Donate
To qualify, you must make a cash donation to a QFCO such as Arizona Friends of Foster Children Foundation. You can claim this credit for your donation, even if you take the standard deduction. Itemizing your return is not required. Simply save the receipt we provide for your donation and file it with your state income tax return by the tax filing deadline. You should also provide AFFCF’s tax ID (#86-0468850) and our Qualifying Foster Care Organization ID (#10023).
Why Our Foundation
Without federal or state funding, we rely on donations to pay for childhood activities for children in foster care – athletic registration, summer camp, theme park admission and more – that would otherwise be out of reach. AFFCF also provides vital support to young people aging out of foster care through our Keys to Success program. Youth in the program learn about the job market and are supported in their education and employment goals. We also provide scholarships for post-secondary education to young people who were in foster care when they turn 18. Through our programs, anyone can request this type of award for any minor child who is in Arizona state custody.
AFFCF has a four-star rating from Charity Navigator, which speaks to our financial health, transparency, and success in stewarding donations responsibly. In fact, 88% of donations directly support our programs, and 12% goes to fundraising and administrative costs.
Generous donors are the reason our foundation can continue its mission to enrich the lives of children in foster care. If you wish to make a qualifying donation to Arizona Friends of Foster Children Foundation and claim the AZ Charitable Tax Credit, you can complete our online form or donate by phone at 602.252.9445.
- The maximum amount for individual filers is $526.
- The maximum amount for joint filers is $1,051.
MORE WAYS TO SUPPORT AFFCF
You can support Arizona Friends of Foster Children Foundation simply by shopping at Fry’s, with Fry’s Community Rewards! Sign up with your Fry’s VIP card and select the Arizona Friends of Children Foundation for your charity. Every time you shop and use your VIP card, you are giving children and youth in foster care the same opportunities that every other kid has.
Visit Enroll today and start shopping! Please note, you must re-enroll in the Community Rewards program each year after August 1.
Employee matching gift programs are corporate giving programs in which the company matches donations made by employees to eligible nonprofit organizations. Your company may match, fully or in part, your contributions, which means you can make an even greater impact for children and youth in foster care.
Check with your company’s human resources team to see if your company matches donations.
When you transfer stock to the Arizona Friends of Foster Children Foundation, you win, we win! You win because the tax deduction is the same size as a gift of cash (if you’ve owned the asset for more than a year) and you avoid paying capital gains tax. Young people in foster care win by being able to participate in activities that build their self-esteem, enrich their life experiences and ensure their successful transition to adulthood. It’s a win-win-win!
If you are 72 or older, you can avoid paying taxes on your required minimum distributions (RMD) from your IRA by sending them directly to the Arizona Friends of Foster Children Foundation as a Qualified Charitable Distribution (QCD). Best of all, your gift will allow AFFCF to continue our mission of creating opportunities to build self-esttem and empower children and youth in foster care by funding services to enrich their life experiences and ensure their successful transition to adulthood. Learn more!
If you have a donor-advised fund through Schwab® Charitable or Fidelity® Charitable, you can recommend grants to the Arizona Friends of Foster Children Foundation through the links below. More sponsoring charities may be added in the future, so please check back if your fund isn’t currently listed.