Children's Tuition Fund Rhode Island - Information for Contributors

Businesses can apply for up to $100,000 in qualified tax credits annually through the RI Division of Taxation.

1. Determine the number of years you want to give:

1 year – 75% tax credit

2 years – 90% tax credit

2. Submit an application to the State of RI: Division of Taxation by July 1^st 

3. Within 30 days of the application date (July 1^st), approval or denial will be granted from the Division of Taxation.

4. If approved, the business will have 120 days to make the contribution to CTF.

5. CTF will issue a receipt.

6. Once you make your contribution, you must apply to the Division of Taxation for your tax credit certificate(s).

7. Receive tax credit.