A Certified Investment Management Analyst, Jake Kagele offers a wide range of financial services to individuals, corporations, trusts, foundations, and endowments through NOVA Financial Services, a company in Tucson, AZ. Jake Kagele has secured tax credits of more than $100,000 for Salpointe Catholic High School from corporate contributors.
Salpointe Catholic High School belongs to a group of institutions designated by the Arizona Department of Revenue as Student Tuition Organizations (STO). Corporate contributors receive a one-dollar tax credit for every dollar they contribute to an STO. The funds collected under the Arizona School Tuition Corporate Tax Credit are required to be distributed to students enrolled in public or charter high schools.
Under this program, certain corporations that owe state taxes to Arizona may participate in the program, whether the corporations are domiciled in Arizona or elsewhere. Corporate contributors may direct their contributions to one or more STOs and may designate which of the STOs will benefit from their contributions. The Department of Revenue accepts the contributions on a first-come-first-served basis up to the statewide cap of $93 million (as of 2019).
Salpointe Catholic High School belongs to a group of institutions designated by the Arizona Department of Revenue as Student Tuition Organizations (STO). Corporate contributors receive a one-dollar tax credit for every dollar they contribute to an STO. The funds collected under the Arizona School Tuition Corporate Tax Credit are required to be distributed to students enrolled in public or charter high schools.
Under this program, certain corporations that owe state taxes to Arizona may participate in the program, whether the corporations are domiciled in Arizona or elsewhere. Corporate contributors may direct their contributions to one or more STOs and may designate which of the STOs will benefit from their contributions. The Department of Revenue accepts the contributions on a first-come-first-served basis up to the statewide cap of $93 million (as of 2019).
