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).
If you pay taxes and itemize, you may reduce your tax liability by 75-105%.*
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 Christian education.
Help to improve a community through the values-based culture the education you sponsor will provide.

*Renewanation is not a certified tax service organization. Reduced tax liability needs to be determined by donor’s tax preparer.

Who Qualifies to Give?

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.

Individuals and businesses seeking to make a donation to an approved scholarship foundation must must first apply to the Virginia Department of Education (VDOE) for pre-authorization for a specified tax credit amount under the Education Improvement Scholarships Tax Credits Program. Click here for form. NOTE: The RENEWANATION office can help you with this entire process if you like. Just contact curtis@renewanation.org or judy@renewanation.org
As there is a state mandated annual cap of $25 million in credits, tax credits are preauthorized to donors on a first come, first served basis.
An Approval Letter issued to the donor by VDOE must accompany the donation from the donor to the Renewanation Virginia Scholarship Foundation (RVSF).
The RVSF will promptly electronically return the approval to VDOE certifying the donor, the amount of the donation, and the date it was received from the donor.
Once the donation is received and reported by the RVSF, VDOE will issue a tax credit certificate to the individual or business donor to be utilized when filing annual taxes.
Approval Letters not acted upon by the donor within 180 calendar days of issuance will expire and become void.

See our FAQ page. If you have further questions, feel free to contact us at 1-855-TO-RENEW, or call locally at (540) 890-8900.