BRCS is a non-profit 501(c)(3) organization and all contributions to the school are tax-deductible. There are many ways to support BRCS. To discuss these further, please contact Eric Codding, firstname.lastname@example.org
ONE-TIME GIFTS, RECURRING GIFTS AND PLEDGES
Whether you choose to give a one-time gift, set up regularly scheduled recurring gifts, or make a pledge, your decision to support the mission of BRCS financially is an investment in the lives of future Christian leaders.
Gifts can be made by cash, check, or online. To give online, use the button below; cash and checks can be dropped off at or mailed to:
Blue Ridge Christian School
P.O. Box 207
Bridgewater, VA 22812
TAX CREDIT PROGRAM
The Virginia Educational Improvement Scholarship Tax Credit Program (EISTCP) offers a 65% state tax credit on top of current state and federal tax deductions for donations. Therefore, donors achieve tax savings in two ways –
- For the year of the donation, the donor may take a deduction against net income as a charitable donation on both their federal and state income taxes. The tax reduction equals the contribution amount times the tax rate of the applicable tax (federal or state).
- For the year following the donation, the donor may take a credit against Virginia taxes. Tax reduction equals 65 percent of the amount of the donation. Credit is non-transferable. Credit may not exceed the tax liability but may be carried over for five succeeding years.
Contact Amy Good for more details, 540-828-2233
ESTATE GIFTS – LEAVING A LEGACY
You may want to consider leaving a lasting legacy to BLUE RIDGE CHRISTIAN SCHOOL through your will, trust or life insurance policies. You can also make a meaningful future gift to while generating income, immediate tax savings, and other benefits.
GIFTS FROM RETIREMENT ACCOUNTS
Retirement plan assets can be a practical source from which to make gifts. Many tax advisors suggest using these funds to make charitable gifts because amounts withdrawn from retirement accounts can be taxable to you and eventually to your heirs if left to them. Giving in this way may result in little or no tax impact when you report the amount withdrawn along with an offsetting charitable deduction.
Giving securities (stocks, bonds or mutual funds) that are worth more than they cost can bring additional tax savings. Such gifts are generally deductible for income tax purposes at their full current value if they have been owned for longer than one year.
IRA DISTRIBUTIONS (OVER AGE 70.5)
Each year the government requires a minimum distribution, (RMD) to be taken from your IRA. If these distributions are donated to a 501(c)(3) as a Qualified Charitable Distribution then the RMD is not taxable to you.
LIFE INSURRANCE CONTRIBUTION
By gifting an unneeded life insurance policy, you can avoid paying the premiums on the policy and benefit form the tax deduction. This also reduces the estate burden on your family and avoiding penalties for canceling a policy.
Many friends find it very meaningful to make a donation in honor of a loved one on special occasions, and/or to honor the memory of loved ones who have passed away.