About the Salpointe Foundation

Jake Kagele is an experienced financial advisor based in Tucson, AZ. He serves as the managing partner of Nova Financial Services, an investment firm he founded in 2009. A Certified Investment Management Analyst certification (CIMA), Jake Kagele is also a member of the investment committee at the Salpointe Foundation.

The Salpointe Foundation is a nonprofit organization whose sole aim is to improve the education experience of students, staff, and faculty at Salpointe Catholic High School in Tucson, Arizona. 97 charter members who collectively donated $120,000 to fund the organization’s charitable activities started the nonprofit in 1984. Today Salpointe Foundation has close to 800 members whose regular donations have made it possible for the nonprofit to have assets, including endowment and unrestricted funds, of approximately $2.7 million. 

Some projects the Salpointe Foundation has funded at Salpointe Catholic High School include campus-wide Wi-Fi, a digital photography lab, school theater upgrades, and the $1.5 million Foundation Hall which is used as a school cafeteria and multipurpose space for Tucson community events. The foundation also regularly provides financial aid to needy Salpointe Catholic High School students. For the 2021-2022 school year over $202,000 will go to student financial aid.

NOVA’s Tax Credits Help Underprivileged

Based in Tucson, AZ, Jake Kagele attended Salpointe Catholic High School before going on to become the managing director at NOVA Financial Services. Now looking for ways to give back, Jake Kagele has secured over $100,000 in corporate tax credits for Salpointe Catholic High School using the Arizona Corporate Tuition Tax Credit.

The Arizona Corporate Tuition Tax Credit is available to S and C corporations that owe taxes in Arizona, and gives corporations dollar-for-dollar tax credit on every dollar they transfer to a Student Tuition Organization. Funds designated to Salpointe are made available to underprivileged students who have need-based financial aid requests that the school cannot meet on its own. Over 600 underprivileged Salpointe students can receive general tax credits, and 300 students are qualified to receive corporate tax credits. The funds are used to pay tuition in order to assure that these students get a quality education that can lead to better opportunities in the future, such as admission to college and college scholarships.