Lower your taxes while supporting Anna Julia Cooper School!
AJC is an approved organization under the Neighborhood Assistance Act Tax Credit Program for Education (NAP), administered by the Virginia Department of Education. The NAP program allows individuals and businesses to receive state tax credits, equal to 65% of the qualified donation, for eligible contributions made to approved neighborhood organizations.
Individuals and businesses that make a qualified donation of cash or marketable securities will receive tax credits in Virginia equal to 65% of the donation. Unlike a tax deduction, a tax credit reduces a donor’s tax bill dollar-for-dollar. See examples below of how the NAP tax credit program benefits taxpayers – those who itemize, and those who do not.
Highlights:
- Tax credit of 65% applies to the year of the donation and may be carried over for five succeeding years
- Minimum donation is $500; maximum is $125,000 annually for individuals/married couples; no limit for businesses
- Donations may be monetary and/or marketable securities
- Gifts of $10,000 or more or stock donations – contact Katherine Reid at ReidK@ajcschool.org to confirm availability of credits
- NAP can be used for gifts to the annual fund/general operations only. For gifts to our Hope Grows Campaign for Lower School expansion, contact Laura McGowan at McgowanL@ajcschool.org
AJC has a limited number of tax credits, so donors who give $500 or more are eligible for these benefits on a first come basis. Contact Katherine Reid at ReidK@ajcschool.org to determine the availability of tax credits.
Once availability of NAP tax credits is confirmed, download and complete the appropriate form below:
Donations and completed forms may be sent to:
Anna Julia Cooper School
2100 N. 29th St.
Richmond, VA 23221
Attn: Development Office
Questions may be directed to Katherine Reid at ReidK@ajcschool.org, or the Development Office at 804-822-6610.
For more information, visit www.doe.virginia.gov/.