Donate Now
Calendar
Find us on Facebook
Scholarship Foundation

Scholarship Tax Credit Program 

A Win-Win for Students and Supporters

 

Qualified donations receive a 65% Virginia Tax Credit!

 

Students from low-income families, who would otherwise not have access to private school education, now have this opportunity.  Supporters of the Anna Julia Cooper Scholarship Foundation make this possible for children in need AND realize a significant tax savings as a result.

 

The Anna Julia Cooper Scholarship Foundation (AJCSF) was established in 2013 to provide scholarships for students of limited resources, primarily from Richmond’s East End, to attend Anna Julia Cooper Episcopal School, Trinity Episcopal School, Church Hill Academy, and other independent schools in Richmond, Virginia.  Individuals and businesses who contribute to AJCSF, and who pay taxes in the Commonwealth of Virginia, are eligible to receive a 65% state tax credit as part of the Education Improvement Scholarships Tax Credit program.  The 65% tax credit is in addition to current state and federal tax deductions for monetary donations.

 

Highlights

Education Improvement Scholarships Tax Credit program

  • $25 million in tax credits available each program year
  • Tax credits distributed on a first-come, first-served basis
  • Minimum donation is $500 per year
  • Maximum donation is $125,000 per year for individuals and married couples
  • No dollar limit on donations for businesses
  • Donations of cash and marketable securities are allowable
  • Tax credits may be carried over for five succeeding years
  • Businesses may claim the credit against:
    • Corporate Income Taxes;
    • Virginia Bank Franchise Tax;
    • Virginia Public Service Corporations Tax;
    • Individual Income Tax

 

How to Donate

 

For more information on participating in this worthwhile program, please contact Laura McGowan, McgowanL@ajces.org or 804-477-5163.  We will give you the information you need to get started and help walk you through the process.  Check out the Scholarship Tax Credit Program for details.

 
Anna Julia Cooper
Episcopal School

2124 North 29th Street
Richmond, Virginia 23223
(804) 822-6610
(804) 447-5784 (fax)