The Children First Education Fund (CFEF) is proud to recognize Cache Valley Bank for its outstanding support of the Carson Smith Opportunity Scholarship program. Their generous contribution will help hundreds of Utah students with disabilities access the schools and support systems that best meet their educational needs.
Through this donation, Cache Valley Bank is investing directly in the futures of students and families across the state. By supporting scholarships for students with special needs, the bank is helping to create educational pathways that are more personalized, more accessible, and more effective.
Leadership in Action
As a locally rooted and community-focused institution, Cache Valley Bank has long demonstrated its commitment to meaningful service. Their participation in the Carson Smith Opportunity Scholarship program reflects a deep understanding of how financial institutions can drive lasting change by aligning tax strategy with community impact.
This is more than just a donation. It is a statement of leadership.
Why Other Banks Should Consider Participating
The Carson Smith Opportunity Scholarship program, administered by Children First Education Fund (CFEF), allows banks to receive a dollar-for-dollar Utah state tax credit for contributions that fund private school or homeschool scholarships for students with disabilities. For banks looking to maximize the impact of their state tax dollars, this program offers a unique opportunity:
- Full Utah state income tax credit for qualified contributions
- Direct support for underserved students and families
- Potential CRA credit for eligible activities
- Clear documentation and compliance support through CFEF
Participation also provides visibility as a partner in improving access to quality education for Utah’s special needs community.
Plan Ahead for 2026
The 2025 tax credit cap has already been reached, but banks can still participate early in 2026 to secure credits under the new allocation. Because credits are limited and distributed on a first-come, first-served basis, early planning is key.
Donors can also choose to carry credits forward or backward, providing flexibility to apply credits to the tax year that works best for their institution.
Join a Growing Movement
Cache Valley Bank has set a powerful example of how Utah banks can take part in building a more inclusive educational landscape. Their leadership shows that with thoughtful planning and a commitment to community, financial institutions can play a major role in supporting students who need it most.
To learn more about how your bank can participate in the Carson Smith Opportunity Scholarship program, visit cfe-fund.org or contact our team directly.
Together, we can ensure that every student has access to the educational setting that helps them thrive.