Tax Credits for Gifts That Support Private-School Scholarships Raise Eyebrows

Step Up for Students is barely over a decade old, but the Florida provider of scholarships to private schools is already rapidly becoming one of the top fundraising organizations in America.

The charity raised $191-million in its fiscal year ending June 2011—putting it at No. 108 on The Chronicle’s Philanthropy 400. By June 2013, the charity expects its private support to grow by 50 percent more, to $286-million.

It’s not a crack