Virginia Tax Credits

Neighborhood Assistance Program

NAP Credits
The Neighborhood Assistance Program (NAP), a program of the Commonwealth of Virginia, encourages partnerships between the private and public sectors to assist the economically disadvantaged.  Virginia state income tax credits are provided as incentives for businesses and individuals to contribute to an approved nonprofit organization, such as Springhouse Community School. The VDOE allots a limited amount of tax credits to participating organizations. The credits are available on a first come, first served basis.

How Donors Benefit

  • Credits may be applied against Virginia state income tax liability, in addition to a charitable contribution deduction for  both federal and state.

  • Businesses may use credits to reduce tax liability against Virginia state:

    • Corporate income taxes


    • Bank franchise tax


    • Insurance premiums license tax


    • Public Service Corporation tax

  • Credits may be carried over for five succeeding years following the donation to mitigate forthcoming liabilities.


Eligibility
Any individual, married couple or business that pays Virginia state income tax is eligible by donating cash or marketable securities. A private or business foundation or charitable organization is typically not eligible.

For individuals, in a taxable year, $500 is the minimum donation eligible for tax credits. For businesses, $616 is the minimum donation eligible for tax credits in their taxable year. All donors are encouraged to consult with their tax advisors to determine their specific tax savings.

Springhouse Community School is a 501(c)(3)organization. Gifts to the school are tax-deductible.

Business Donation Form

Individual Donation Form

If you have any questions regarding the NAP Tax Credits, please contact Roxanne Greenberg.

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Springhouse Community School is a proud member of the following organizations and networks:

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Springhouse Community School is a 501(c)3 non-profit organization. It is also a community of people with respect for diversity. The school emphasizes the dignity and equality common to all persons and adheres to a strict nondiscrimination policy regarding the treatment of individual faculty, staff, students, family members, volunteers, subcontractors, and vendors. Springhouse is an equal opportunity employer. In accord with federal law and applicable Virginia statutes, the school does not discriminate on the basis of race, religion, color, sex, age, national origin or ancestry, marital status, parental status, sexual orientation, gender identity and expression, political affiliation, disability, or status as a veteran in employment or in any program or activity offered or sponsored by the school.

© 2019 by Springhouse Community School

144 Silver Maple Lane, Pilot, VA 24138

(540) 651-4673