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Virginia's Education Improvemnt Scholarships Tax Credits program

Virginia’s Education Improvement Scholarships Tax Credit program allows you to donate to scholarships for low-income students at Saint Benedict Catholic School and receive a 65% Tax Credit.

Individuals can use the Tax Credit against their Virginia personal income tax liability.

Businesses can claim the Education Improvement Scholarships Tax Credit against:

  • Virginia Corporate Income Taxes

  • Virginia Bank Franchise Tax

  • Virginia Insurance Premiums License Tax

  • Virginia Public Service Corporations Tax

  • Personal Income Taxes via pass-through entities such as S-Corporations, LLCs, and Partnerships.

In addition to the 65% Tax Credit, individuals and businesses may also receive a deduction for a charitable contribution.

Consult your tax advisor to determine your specific tax savings.

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For more detailed information visit the McMahon Parater Foundation website or contact the Director of Development, at development@saintbenedictschool.org or 804-254-8850.

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