THE POTOMAC EDUCATION FOUNDATION - VA TAX CREDIT PROGRAM
Donations to Potomac Education Foundation’s Virginia Education Improvement Tax Credits Scholarships Program provide scholarships for low-income new students. Individual or business donors receive a tax credit equal to 65% of the donation. In addition to a 65% tax credit, individuals and businesses may also receive a deduction for a charitable contribution.
RECEIVE A SIGNIFICANT TAX BENEFIT BY HELPING CHILDREN OBTAIN A CHRISTIAN EDUCATION!
EARN A VIRGINIA TAX CREDIT FOR YOUR DONATION.
If you’re looking for a way to put your money to work for kids while giving you an exceptional tax incentive,
you’ve found it—through the Virginia Tax Credits Scholarships Program.
WHAT IS IT?
The Virginia Tax Credits Scholarships Program provides Virginia tax credits to individuals or businesses making donations to approved scholarship foundations that provide funding to eligible students to attend private schools. The Potomac Conference Education Foundation is a scholarship foundation approved to use funds donated through the Virginia Tax Credits Scholarships Program to provide scholarships for financially eligible students who want to attend Adventist schools.
HOW DOES IT WORK?
Your actual cost to participate in the Program—after receiving tax benefits— is minimal. Donations are generally deductible against taxable income as a charitable donation on both federal and state income taxes,and you also receive a tax credit against your Virginia taxes equal to 65% of the amount of your donation.