It’s not too late to earn Virginia State Tax Credits!

It’s not too late to earn Virginia tax credits in 2015!!  The Virginia Education Improvement Scholarships Tax Credit Program is a way to support educational opportunities for local students and receive a 65% Virginia state tax credit on top of current state and federal charitable deductions. These state tax credits may be used in the tax year they are issued.

This program is similar to NAP credits but is for individual or business donors interested in supporting scholarships at private K-12 schools in Virginia. Donations provide scholarship funds to support students of families that meet financial need criteria. Donors may not specify a specific school or a specific student to support. The credits may not exceed the tax liability, but can be carried over for five succeeding years.

This year, the state has authorized up to $25 million in Education Improvement Tax Credits. The credits are readily available, but The Community Foundation must submit all preauthorization requests in order for donors to receive the tax credits for calendar year 2015 tax filings.  Authorization approval from VDOE must be granted before a taxpayer to can make a qualified donation. Please note that donation checks may not be written before authorization is received. 

The Community Foundation of Harrisonburg & Rockingham County is an approved scholarship foundation for the Virginia Department of Education (VDOE). The Community Foundation staff will be glad to help you work through the process and we can expedite application for these credits by sending forms electronically to the state. Program details can be found, along with the Preauthorization Form, on the VDOE website at http://www.doe.virginia.gov/school_finance/scholarships_tax_credits/.

Please contact Ann Siciliano at 540-432-3863 if you have questions regarding this program, or email a completed preauthorization form to [email protected] .

2015 IMPACT Harrisonburg grant to ‘On the Road Collaborative’

2015 IMPACT picnic food

IMPACT Harrisonburg Executive Committee members Mike Frazier and Billy Robinson serve BBQ to On the Road Collaborative’s Executive Director, Brent Holsinger.

IMPACT Harrisonburg, the first giving circle of The Community Foundation of Harrisonburg & Rockingham County, recently presented their first grant check to On the Road Collaborative at a picnic held at Purcell Park. On the Road Collaborative is a 501(c)3 for-purpose organization whose mission is “to empower young people on the margins with the opportunity, skills and confidence they need to excel in school and fulfill their promise.” The organization currently works with middle school children at Skyline Middle School in Harrisonburg. The celebratory family-style picnic held on September 13 was hosted by IMPACT Harrisonburg members and attended by Brent Holsinger, On the Road Collaborative’s Executive Director, as well as members of the organization’s board of directors and staff members of The Community Foundation.

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Melissa Mayhew, IMPACT Harrisonburg member and staff member of The Community Foundation of Harrisonburg & Rockingham County, talks with a board member of On the Road Collaborative.

IMPACT Harrisonburg is a giving circle for young leaders in the Harrisonburg and Rockingham County community. IMPACT was established in 2014 for individuals in their twenties, thirties and forties to engage in meaningful philanthropy and learn about local nonprofits, while affordably leveraging their charitable dollars. The organization offers an opportunity to meet new people socially and professionally, as well as a chance to make a bigger impact collectively than individuals can alone.

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Luke Hartman, board member of On the Road Collaborative

Events are held by IMPACT Harrisonburg throughout the year and offer social and educational opportunities for members, as well as for other individuals in the community. Collective dues are granted out annually to an organization chosen by a membership vote. Each member has one vote in the grantmaking process. IMPACT Harrisonburg utilizes the Community Needs list of funding requests when considering its annual grant recipient. The 2015 grant of almost $15,000 to On the Road Collaborative marks the first grant in IMPACT’s history.

The enrollment period for IMPACT Harrisonburg 2016 membership is now open. Contact Melissa at The Community Foundation with questions regarding membership and how you can become involved.

Safeguard the Assets of Your Nonprofit Organization

2015Nonprofit Financial Risk Workshop 003

Jim Fries of Brown Edwards & Company

The Community Foundation of Harrisonburg & Rockingham County, United Way of Harrisonburg and Rockingham, RMH Foundation, and the Masters in Public Administration program at JMU invite you to a workshop on safeguarding the assets of your nonprofit organization. This event is structured for nonprofit executives and board members of nonprofit organizations.

Nonprofit Financial Risk Management Workshop       

Thursday, October 22

12 pm to 3 pm

 JMU Ice House Room 117

This event is free of charge. Lunch will be provided compliments of Brown Edwards & Company.

This exact workshop was offered on September 24 to a full house at the James Madison University Ice House. We are offering the program again on October 22. The agenda will include the following topics:

  • How Fraud Impacts Nonprofit Organizations Far Differently than For-Profit Businesses
  • Fraud Triangle and Responding to Fraud
  • Risk Management and Insurance
  • Legal Perspective on Fraud

If you are interested in attending this valuable workshop, please register by Friday, October 16, 2015.

Please contact Melissa at [email protected] or Laura at [email protected] if you have questions or need additional information.