Make an Impact for Foster Youth and get Tax Credits!

The Virginia Department of Education recognizes the need for supplemental education for youth in foster care.  The Tidewater Friends of Foster Care Tutor Program is a great way to support academic success for foster youth and get the benefit of Virginia State Income Tax Credits.

Tidewater Friends of Foster Care is offering Neighborhood Assistance Program Tax credits provided by the Virginia Department of Education for qualifying donations to our Tutoring Program.

The Virginia Neighborhood Assistance Program (NAP) encourages businesses, trusts and individuals to make donations to approved 501(c)(3) organizations for the benefit of low-income individuals, including foster youth.  NAP offers Virginia State Income Tax Credits to individuals and businesses who make qualifying charitable contributions to Tidewater Friends of Foster Care, which can be used to reduce their state tax bill by up to 50% of their donation value!

Do you have Appreciated Stocks?

Donate them to TFFC and make money!  It’s a true Win-Win!

Eligible Donations

Individual

$ 500+

Cash or Stocks up to $125,000

50% tax credit

$250 VA Tax Credit

Business

$ 616+

Cash or Stock (Services, Real Estate, Rent/Lease - no max gift)

50% tax credit

$308 VA Tax Credit

Donate Now for Tax Benefits

Most Popular

Initial Donation

$1000

Federal Deduction (35%) $350

Virginia Tax Credit (50%) $500

Adjusted Deduction for VA Tax  $659.88

Estimated net cost of contribution

$340.12

Preferred Impact

Initial Donation

$2500

Federal Deduction (35%) $875

Virginia Tax Credit (50%) $1250

Adjusted Deduction for VA Tax  $1624.75

Estimated net cost of contribution

$875.25

Ultimate Impact

Initial Donation

$10,000

Federal Deduction (35%) $3500

Virginia Tax Credit (50%) $5000

Adjusted Deduction for VA Tax  $6598.75

Estimated net cost of contribution

$3401.25

Custom Donation

Choose my Donation Value

Cash, Stocks, Services

Maximum Individual Donation $125,000

No Maximum on Business Donations

It’s a Win-Win for All!  

50% Tax Credit

The above are examples for filing itemized deductions.  Household tax rates and tax credit benefit vary per household and specific tax circumstances. Please consult your Accountant or Tax Adviser to learn how a NAP gift to TFFC will benefit you specifically.

Please download and complete the corresponding form above.  Once completed, email it to info@tidewaterffc.org.  We will reach out to you with a confirmation of the tax credit allocation and receipt of your qualifying donation.