Virginia Tax Credit Offer

 The Scholarship Fund of Alexandria
offers VDEO Tax Credits.

The Scholarship Fund of Alexandria is one of the approved Neighborhood Assistance Programs (NAP) that receives an allocation of tax credits from the Virginia Department of Education (VDOE). The purpose of the NAP is to encourage businesses, trusts and individuals to make donations to approved 501(c)(3) organizations. In return for their contributions, these businesses, trusts and individuals who are domiciled in Virginia may receive tax credits equal to 65 percent of the donation that can be applied against their state income tax liability. For example, if you make a $5,000 donation to the SFA, you would receive a $3250 tax credit to pay your Virginia state tax bill.

This is a tax credit, so it directly reduces the amount of tax you owe dollar-for-dollar as opposed to a tax deduction which reduces how much of your income is subject to taxes.

  • The minimum contribution for eligibility is $500 for individuals and $616 for businesses.
  • The tax credits are available for new donations only; they cannot be applied retroactively.
  • Tax credit forms must be submitted to the state within 40 days of your donation date.
  • Tax credits are limited by the VDOE and operate on a first come, first serve basis.

Please call the SFA at 703.824.6730 or email [email protected]  to inquire if tax credits are still available for the year, and if you would be eligible.

“As a small business owner this was a great way to support my local community,
and a smart business move. We get a solid tax benefit and
help send local kids to college. It really is a win-win.”
—Chris Wolz, Owner, Forum One, and longtime SFA supporter

“I feel good about helping a local student get to college. I donated and received
a tax credit through the Scholarship Fund. It was a quick and easy process
resulting in a savings on my tax bill.”
—Priscilla Goodwin, long time SFA supporter and former Board of Trustees Chair

 Email us  or call us today to find out about giving… and getting tax credits.

Scholarships change lives forever.

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Instructions for Gifting Securities to The Scholarship Fund of Alexandria
Account # 5215-0405

VIA DTC:
RiverFront Wealth Advisors
DTC # 0141
The Scholarship Fund of Alexandria
Account # 5215-0405
Physical Certificate:
Mail Certificate to:
RiverFront Wealth Advisors
99 Canal Centre Plaza, Suite 310
Alexandria VA 22314
1. The certificate must be signed by the individual whose name appears on the front of the certificate.
2. If the certificate is made out to anyone other than The Scholarship Fund of Alexandria, you must enclose a letter of instructions requesting it be deposited into The Scholarship Fund of Alexandria Account.If you have any questions please contact Jessica Marxer with the RiverFront Wealth Advisors at 571-380-6180 or email [email protected] and she can help you with any gifting instructions.

* Assuming a 35% marginal tax rate. Savings may be greater or less, depending on your rate. Please consult your tax advisor for specific information based on your tax situation. Any excess tax credit can be rolled forward and used by the donor for up to five years.