Philanthropic Investment in Arkansas Kids (PIAK) tax-credit scholarships

Tax-credit scholarships, not a grant: donors get a 100% Arkansas tax credit for gifts to a scholarship-granting organization (SGO), which gives scholarships to income-eligible students at private schools it approves.

Amount: Average scholarship capped by law at 80% of prior-year foundation funding (K-8) and 90% (9-12). State credit pool: $6,000,000 a year.
Can a for-profit school apply?: Unclear: ask the funder
Deadline: Rolling
Who this fits: Private schoolPrivate schools whose students get PIAK scholarships. The scholarship organization (e.g., The Reform Alliance) vets the school, not the state.
New schools: Not stated for new schools
Where: Arkansas
Last checked: Oct 1, 2026on arkleg.state.ar.us

Apply on the funder’s site

Unconfirmed: check with the funder

We couldn’t confirm these on an official page. Treat them as open questions, not facts.

The 2026 certified credit cap.
Per-student scholarship amounts (the $6,500 / $7,300 figures come from scholarship organizations, not the state).
The Reform Alliance's own form says schools must be approved by it and accredited or in the process; that's from the scholarship organization, not a state site.

How to apply

Step 1: Contact a PIAK scholarship-granting organization (for example The Reform Alliance)
Step 2: Ask what it requires of participating schools

Funders change their requirements. Check the official page before you apply. Getting ready? See what funders usually ask for.

Who can apply

The scholarship organization (for example The Reform Alliance) vets the school, not the state. Students need family income at or below 200% of federal poverty guidelines, plus a qualifying prior status.

Students: family income at or below 200% of federal poverty guidelines, plus a qualifying prior status
School: health and safety, valid occupancy, an annual norm-referenced test in grades 3–10 (statute)

Timing

Donor credits are issued first-come, first-served up to $6,000,000 per calendar year.

Unconfirmed: check with the funder

We couldn’t confirm these on an official page. Treat them as open questions, not facts.

The 2026 certified credit cap.

Per-student scholarship amounts (the $6,500 / $7,300 figures come from scholarship organizations, not the state).

The Reform Alliance's own form says schools must be approved by it and accredited or in the process; that's from the scholarship organization, not a state site.

Who can apply

Students: family income at or below 200% of federal poverty guidelines, plus a qualifying prior status

School: health and safety, valid occupancy, an annual norm-referenced test in grades 3–10 (statute)