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Virginia Education Improvement Scholarships Tax Credits



Easy Steps to Receiving Your Tax Credit

Pre-Authorization Form

Step By Step Instructions

...Virginia taxpayers can give generously and offset the cost of those gifts through tax credits and the avoidance of capital gains taxes. For those in the highest tax bracket who give highly appreciated stock, the program can offset all of the costs. ~

This program provides Virginia state tax credits for resident persons or businesses making monetary or marketable securities donations to approved scholarship foundations that provide scholarships to eligible students for qualified educational expenses incurred in attending eligible nonpublic schools.

Donor Benefits

  • Obtain a charitable giving receipt.
  • Receive 65% of the gift value of your approved donation as a State Tax Credit.
  • For those that choose to itemize, you may earn additional tax benefits as a charitable donation from the proceeds donated (Federal & State).
  • Tax credits may be claimed in the same year donated or carried over to the next 5 succeeding taxable years.
  • Benefits apply to both individuals and businesses.
  • Monetary and marketable security donations accepted.
  • Direct your tax dollars to help children receive a quality, biblical education.

*Reduced tax liability needs to be determined by donor’s tax preparer.

Who Qualifies to Give?

Anyone who pays Virginia state taxes may qualify.

Individuals must give a minimum of $500 but may donate as much as $125,000 per year.

There are no limits for businesses, including sole proprietors.

(Information above is taken from,,, and

Why Give?

Help us reach our goal of $150,000 and 50 children!

Grace Christian School has a goal of providing scholarships for 50 economically disadvantaged children, at the cost of $150,000 this year!  We are an approved school through the state of Virginia, and we look forward to making your tax dollars go farther  in support of the wellbeing of our local children.

If you or your business/corporation would like to contribute, please email Kristen Lihos at or call 540-255-7007.

Learn more about receiving your Virginia tax credit, and helping an economically disadvantaged child receive a biblical education, through the links below!