
Scholarship Foundation
Please give the gift of a Catholic Education and receive most of your donation back through federal and state tax savings!
The Scholarship Foundation (DASF) is part of the Virginia Education Improvement Scholarship Tax Credit Program which provides scholarships to low income students at a Diocese of Arlington Catholic School.
- Benefactors receive 65% of their approved gift in Virginia tax credits
- Benefactors who itemize also receive a Virginia tax deduction and a partial federal tax deduction
- Gifting appreciated stock also avoids capital gains taxes – contact our office for a stock donation form
- Benefactors may fill out the preauthorization application and submit directly to the DASF office for approval.
These gifts, in addition to giving you, the benefactor, a tax benefit, will provide a life-changing education for our low-income students.
The Development Office may be reached at (703) 778-8600 or [email protected]
Learn More about the Scholarship Foundation
Scholarship Foundation Brochure
Learn about the Diocese of Arlington Scholarship Foundation, how to apply for tax credits and how to make a gift!
Pre-Authorization Form
Use this form to request preauthorization for a specified tax credit amount under the Education Improvement Scholarships Tax Credits Program.
Impact on Children and Schools
Read a letter from the Superintendent of Schools
Scholarship Foundation Annual Report
See an overview of the financial contributions made to the Scholarship Foundation this past year
As a single parent, I’d like to say how grateful I am to have received such a wonderful scholarship for my two boys. They are able to be a part of a faith community that nurtures and enriches them through attending Mass and being in smaller classes with exemplary teachers. Thank you from the bottom of my heart!
Parent of Two Boys – Scholarship Student Recipients
Virginia Education Improvement Scholarship Tax Credit
Watch this short video about the Tax Credit Program
Watch NowFrequently Asked Questions
Expand / Collapse All
What’s great about tax credits?
A tax credit allows you to subtract the amount of the credit – dollar for dollar – from the total amount you owe the state in taxes, not from taxable income. You do not need to itemize to use tax credits!
Who is eligible for the tax credit?
Any individual or business entity may receive a tax credit for eligible gifts.
What kind of gifts qualify for the credit?
Eligible gifts include checks or marketable securities/stock. Charitable distributions from IRAs are accepted, however these are subject to a limit on the tax credit amount. Please consult your tax advisor for guidance on your own specific circumstance.
How are gifts limited?
In order to receive a tax credit donors must contribute a minimum of $500. For individuals, including married couples, eligible maximum donation is $125,000 per person per tax year. Therefore, the maximum tax credit of an individual’s donation is $81,250 (65% of $125,000). Business entities, including sole proprietorships, have no gift limits.
How do I qualify for a tax credit?
In order to qualify for a tax credit, benefactors must request a preauthorization for their gift prior to making it. Benefactors can submit their preauthorization request form directly for approval. The preauthorization is valid for 180 days. Gifts made without preauthorization will not be eligible for the tax credit. The Preauthorization Request Form is located here on our website.
How do I obtain a Preauthorization form?
The Preauthorization form is available here.
I received my preauthorization form, now what?
Once you receive the preauthorization approval form from the VA DOE (form has a 6 character code at the top) complete Part 1 of this form, sign it and mail it with your check to:
Diocese of Arlington Scholarship Foundation
200 North Glebe Road, Suite 811
Arlington, VA 22203
Please make checks payable exactly to Diocese of Arlington Scholarship Foundation
Can I donate marketable securities?
Yes, please contact our office directly at 703-778-8600 for a stock donation form and specific instructions prior to making your donation.
No, this tax credit program does not permit funds to be earmarked to a particular school.
Which students receive these scholarships?
Students must be Virginia residents entering K or 1st Grade, or transferring from public school and financially qualify annually under the specified poverty guidelines. More information on this can be found through the Office of Catholic Schools www.arlingtondiocese.org/Catholic-Schools/Diocesan-Scholarship-Foundation/