Virginia's Education Improvement Scholarship Tax Credits

• Virginia’s EISTC program offers donors 65% of their donation returned to them in Virginia tax credits.
• Donations to foundations approved by the Virginia Department of Education are distributed as scholarships for students from low-income families to attend accredited private schools.
• Virginia budgets $25 million each year for this program, which continues until 2028.

• Donors receive Virginia tax credits for 65% of the full value of the donation.
• Donors who itemize ALSO receive federal and Virginia tax deductions for charitable contributions.
• Both individuals and businesses are eligible.
• Tax credits are awarded on a first-come, first-served basis, subject to Department of Education pre-authorization.
• Donors should include a Letter of Intent requesting their scholarships support students at Catholic High School.

TO RECEIVE TAX CREDITS FOR AN EISTC DONATION:

• May donate cash or marketable securities.
• Donors who itemize may claim deductions for 35% of the donation on state and federal taxes,  in addition to receiving Virginia tax credits.

DONATIONS MUST BE MADE TO APPROVED FOUNDATIONS.

• Donations made directly to a school do not qualify for tax credits.
• Donors may not direct their funds to support a specific student.

Minimum donation for individuals: $500

Maximum annual donation for individuals and married couples: $125, 000

Maximum donation for businesses: None

Individual and business circumstances may vary. Please consult your tax professional.