Proverbs 22:6 "Train up a child in the way he should go and when he is old he will not depart from it."
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You may have wondered how your tax credit is spent. We provided this page to answer your questions.
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Where Does the Money Go?
CSF operates as lean as possible in order to benefit as many students as possible. 95+% of tax credit funds received by CSF are made available for scholarships. In addition, all of our Board members are volunteers and do receive no remuneration for their efforts.
The graph below shows the increase in scholarship funding since CSF was founded in 1999.
- Total number of students given scholarships: 1297
- Total dollar amount of scholarships awarded since founding: $1,579,500
Scholarship Funds Distribution 2008 - 2009
By Income Level
Income Level |
Number of Students |
Amount of Scholarships Awarded |
Percent of Total Scholarships |
1 Poverty Level Families |
33 |
$69,291.00 |
33.8% |
2 Working Poor Families |
47 |
$96,366.00 |
47.0% |
3 Lower Middle Class |
29 |
$38,898.00 |
18.9% |
Totals |
109 |
$204,555.00 |
99.7% |
By Family Type
Type of Family |
Number of Students |
Amount of Scholarships Awarded |
Percent of Total Scholarships |
Single Parent |
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Poverty Level |
20 |
$45,182.00 |
22.0% |
Working Poor |
9 |
$18,500.00 |
9.0% |
Lower Middle Class |
4 |
$6,951 |
3.3% |
Two-Parent |
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Poverty Level |
13 |
$24,109.00 |
11.8% |
Working Poor |
38 |
$77,866.00 |
38.0% |
Lower Middle Class |
25 |
$31,947.00 |
15.6% |
Totals |
109 |
$204,555.00 |
99.7% |
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