Tax Credits for Scholarship Donors
December 14, 2017
Ravi Mathur, a past board member, recently joined the ranks of generous donors taking part in The Community Foundation's Scholarship Tax Credits Program. For many in the community, this opportunity stretches charitable dollars for maximum impact.
Donors who give to support educational opportunities for local students receive a 65% Virginia state tax credit on top of current state and federal charitable deductions.
Generous citizens can support low income new students at K-12 schools such as Holy Cross Academy, Fredericksburg Academy, Fredericksburg Christian Schools and more. These gifts, when made through an approved scholarship foundation such as The Community Foundation, provide a tax benefit to the donor along with the gift of a life-changing education for new students in financial need.
Please contact Lisa Biever or Ali Thomas at 540-373-9292 if you have questions regarding this program, or email email@example.com or firstname.lastname@example.org.
For details on how the Scholarships Tax Credits Program works, click here.