Yes! APESF is certified by the Arizona Department of Revenue as a School Tuition Organization and is recognized by the IRS as a 501(c)(3) tax-exempt organization established in 1998. APESF allocates at least 90 percent of its annual revenue to educational scholarships and makes its scholarships available to students of more than one qualified school. It is governed by a highly qualified Board of Directors who have been significant supporters of private education in Arizona for many years. Please read our Mission Statement for more information.