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    3. Aaa Scholarship Foundation
    Aaa Scholarship Foundation logo

    Aaa Scholarship Foundation

    ActivePublic CharityEducation
    TAMPA, FLWebsiteEIN: 27-25594682 filings on record

    About Aaa Scholarship Foundation

    To Provide Economic and Other Assistance to Economically-Disadvantaged Families and Families of Children with Disabilities to Enable Them to Select the Best Schools for Their Children.

    Focus Areas

    K-12 educationschool choicescholarships for low-income studentsscholarships for students with disabilitieseducation tax credit programs

    Who They Fund

    low-income K-12 studentsstudents with special needsfamilies seeking tuition assistance / school choice

    Funding Style

    direct service (individual scholarships)restricted program funding (tuition-specific)means-tested / income-qualified support

    About Aaa Scholarship Foundation

    Aaa Scholarship Foundation Inc concentrates on K-12 scholarship administration for economically disadvantaged families and families of children with disabilities, using tax-credit and tax-redirection programs to make tuition assistance available to eligible students. The clearest sign of scale is its two largest recent grants: $96,620,000 in 2023 and $69,850,000 in 2024, both to Step Up for Students-fl in Jacksonville for Florida scholarships. That pattern shows a foundation built around large program funding rather than many small awards. Its active programs include Florida tax credit scholarship variants, Arizona tax credit scholarships, Nevada educational choice scholarships, Pennsylvania opportunity scholarships, and federal education freedom scholarship programs beginning in 2027. The organization’s stated purpose is to provide economic and other assistance so families can select the best schools for their children, including support tied to school choice and special needs education. Recent program descriptions also show attention to low-income students, students with disabilities, and families using state or federal scholarship mechanisms to access private or alternative K-12 options.

    What Aaa Scholarship Foundation Funds

    The foundation’s work centers on tuition scholarships and school choice programs. In Florida, it administers scholarship funding through the Florida Tax Credit Scholarship Program, including direct-pay permit holder sales and use tax and insurance premium tax variants, both aimed at eligible low-income children. It also runs the Florida Personal Learning Scholarship Accounts information program for families of students with disabilities. Outside Florida, it supports the Arizona Tax Credit Scholarship Program, including designated scholarships for displaced and disabled students, and the Arizona Disabled/Displaced Scholarship for students who meet disability or foster care criteria. In Pennsylvania, it administers the Opportunity Scholarship Tax Credit Program for eligible low-income children. The federal Education Freedom Scholarship programs beginning in 2027 extend its role into education expenses such as tuition, transportation, school supplies, and other qualified costs.

    How Aaa Scholarship Foundation Gives

    The reported grant-size distribution is very large: p25 is $76,542,500, median is $83,235,000, and p75 is $89,927,500. That spread matches a model of concentrated, high-dollar program funding rather than a broad portfolio of small grants. The recent grant list shows repeat funding to the same grantee across two years, with Step Up for Students-fl appearing in both 2023 and 2024. The foundation is a public charity, makes no program-related investments, and funds programs tied to state and federal scholarship mechanisms. Several listed programs accept unsolicited donations or participation, while others are administered by AAA without unsolicited applications.

    Financial Snapshot

    Annual Giving

    $69.9M

    Total Assets

    $176.2M

    Total Revenue

    $180.4M

    Total Expenses

    $143M

    Typical Grant Size

    Most grants fall between $76.5M and $89.9M, with a median of $83.2M.

    25th Percentile

    $76.5M

    Median

    $83.2M

    75th Percentile

    $89.9M

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in FL.

    Funding intensity
    Low
    High
    Headquarters

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    facilitating school choice access

    Topics

    K-12 tuition scholarshipsschool choice / voucher-program participationspecial needs / disability education supporteconomic access and family support for schoolingstate scholarship and tax-credit program administration

    Where Aaa Scholarship Foundation Makes Grants

    Grant activity is highly concentrated in Florida: 100% of grants in the dataset go to recipients in the HQ state, and Florida is also the top state by grant count. The largest recent recipient is in Jacksonville, FL. Beyond that, the active-program list shows additional state-focused work in Arizona, Nevada, and Pennsylvania, with federal programs intended for states served by AAA and opt-in states. The recipient country distribution is entirely U.S.-based.

    Frequently Asked Questions About Aaa Scholarship Foundation

    What does Aaa Scholarship Foundation Inc fund?

    It funds K-12 scholarship programs tied to school choice, tuition assistance, and education access for low-income students and students with disabilities. Its stated purpose is to provide economic and other assistance to economically disadvantaged families and families of children with disabilities so they can select the best schools for their children.

    How large are the foundation’s typical grants?

    The reported grant-size distribution is very large: p25 is $76,542,500, median is $83,235,000, and p75 is $89,927,500. The two largest recent grants were $96,620,000 in 2023 and $69,850,000 in 2024.

    Does the foundation fund the same recipient in multiple years?

    Yes. Step Up for Students-fl in Jacksonville, FL appears in both of the top two recent grants, with awards of $96,620,000 in 2023 and $69,850,000 in 2024.

    Which states does it support?

    The recent grants in the dataset are all to Florida recipients, and the active program list also includes Arizona, Nevada, and Pennsylvania. Federal education freedom scholarship programs are described as serving states AAA supports and, in one case, opt-in states.

    What kinds of scholarship programs does it administer?

    Its active programs include Florida tax credit scholarship variants, Arizona tax credit scholarships, Nevada Educational Choice Scholarship Program administration, Pennsylvania Opportunity Scholarship Tax Credit Program administration, and federal Education Freedom Scholarship programs beginning in 2027.

    Latest 990 Filing

    2024

    Source: IRS Form 990-PF, fiscal year 2024.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    STEP UP FOR STUDENTS-FLJACKSONVILLE, FL$69,850,0002024FL SCHOLARSHIPS
    STEP UP FOR STUDENTS-FLJACKSONVILLE, FL$96,620,0002023FL SCHOLARSHIPS

    STEP UP FOR STUDENTS-FL

    $69,850,000
    JACKSONVILLE, FL2024

    FL SCHOLARSHIPS

    STEP UP FOR STUDENTS-FL

    $96,620,000
    JACKSONVILLE, FL2023

    FL SCHOLARSHIPS