Virginia's Education Improvement Scholarship Tax Credits
Make an investment in their future that pays off now.
Investing in the Virginia Education Improvement Scholarship Tax Credit Program provides financial assistance to deserving students while enjoying tax relief. Thanks to Virginia’s EISTC, individual or business donors receive a 65% Virginia tax credit + state & federal tax deductions for 35% of their charitable contribution when they itemize their taxes. Don’t miss this opportunity, enroll today! Contact Advancement Director Lisa Hamlet at 757-467-2679 or hamletl@chsvb.org.
"I’m excited to contribute to the VA Department of Education’s scholarship program, especially knowing that Catholic schools in the Diocese of Richmond are included in the EISTC program and CHS students can benefit. With over 25 years in financial planning and planned giving, I can confidently say that EISTC offers one of the best tax incentives available. The program provides a 65% dollar-for-dollar tax credit, and the remaining 35% can be eligible for a charitable deduction. This combination makes it one of the most tax-efficient and rewarding ways to give that I’ve ever encountered."
- Matthew Echaniz, CFP ®, CAP®
- What is the Virginia Education Improvement Scholarship Tax Credit (EISTC) Program?
- How is this donation program different from a regular donation to the school or a scholarship program?
- How do I get started?
- What are the rules?
What is the Virginia Education Improvement Scholarship Tax Credit (EISTC) Program?
How is this donation program different from a regular donation to the school or a scholarship program?
How do I get started?
What are the rules?
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.