Charitable Donation
    Financial- These are direct monetary gifts made to the school.  Many Valley employers will match these donations.  Please consult your tax advisor for specific details.
    Material- Equipment, supplies, etc., given by individuals, corporations, or other organizations seeking to help Madison Prep. 
    In-Kind- Volunteer time, services rendered, or other gifts of your time or help on behalf of the school. Many Valley employers provide matching financial donations for in-kind donations to Madison Prep from their employees.
   
Arizona Tax Credit Contribution
    The single best way to support the mission of the school
Tax Credit contribtuions provide a direct state tax advantage to the benefactor, up to $200 for individuals and $400 for married couples.  Anyone can choose to give the AZ tax credit to James Madison Preparatory School.  Please consult your tax advisor for specific details. Activity fees for can be applied to your AZ Tax Credit contribution, but this must be declared at the time the fee is paid.
Financial donations MAY or MAY NOT be claimed as AZ Tax Credit contributions for state income tax purposes.  It must be declared at the time of the donation.  If use for tax credit, the tax credit form must be filled out at the time of donation. 

Activity Fee Payment-
    Activity fees are charged to students by the school for extracurricular activities in fine arts, athletics and clubs.   Activity fees for extracurricular activities can be applied to your AZ Tax Credit contribution, but this must be declared at the time the fee is paid.  A reciept is provided for your contribution. 

  For detailed information about the types of fees, deposits, and donations to James Madison Preparatory School, please see the JMPS Guide to Giving. 

The above is not intended to offer taxpayers legal or tax advice.
For more information contact the Arizona Department of Revenue at
www.revenue.state.az.us or 800-352-4090 or 602-255-3381.