Education Improvement Scholarship Tax Credit

Provide financial assistance to deserving students while enjoying tax relief … Invest in the Virginia Education Improvement Scholarship Tax Credit Program
What is the Virginia Education Improvement Scholarship Tax Credit (EISTC) Program?
  • 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.
 
 
How is this donation program different from a regular donation to the school or a scholarship program?
  • 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 Bishop Sullivan Catholic High School.

How Do I Get Started?

First Steps
  1. Download the VA DOE Authorization form and the Letter of Intent. Please designate Bishop Sullivan CHS on your Letter of Intent. This will ensure one of our students will benefit from your generosity.
  2. Send the completed form and letter of intent to Joyce Schreiber, Director of the McMahon Parater Foundation for Education (MPFE), Catholic Diocese of Richmond  - Contact Info: (804) 622-5190, jschreiber@richmonddiocese.org
Next Steps
  1. The VA DOE reviews and authorizes the donation, then mails you a numbered Preauthorization Notice.
  2. Sign the numbered Preauthorization Notice and send to MPFE with the donation within 180 days
  3. VA DOE will send you a tax credit certificate.

List of 1 items.

  • Mrs. Lisa Hamlet

    Director of Advancement & Communication
    hamletl@chsvb.org
    Bio
 What is a “Tax Credit”?
  • A tax credit allows you to subtract the amount of the credit from the total you owe the state in taxes.
  • It is not necessary to itemize in order to use tax credits.

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Bishop Sullivan Catholic High School

4552 Princess Anne Road, Virginia Beach, VA 23462
Phone: (757) 467-2881
Fax: (757) 467-0284
Email: info@chsvb.org
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