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scholarships

Scholarships

ways to give toward a scholarship

Over the last 10 years, we have raised more than $2 million in scholarships through our Nation Changers Annual Fund and our Children’s Tuition Fund scholarship program. We want to eliminate financial barriers for devout Christian families who want to partner with us in their child’s educational journey.
 
There are two ways to help fund student scholarships for devoted Christian families: giving to our Nation Changers Annual Fund, which enables our school to offer scholarships directly for qualifying families, and through The Children’s Tuition Fund of Virginia, which allows donors to turn their tax bill into a scholarship. Both programs help us remove financial barriers many families face in accessing a Christian K-12 education.

how do i give to CTF?

The Children’s Tuition Fund of Virginia fund provides financial assistance to children of qualifying families to attend an Association of Christian Schools International member school. The program provides scholarships to families in need while also offering an amazing tax benefit to those who contribute. If you pay more than $500 in Virginia state taxes, you can turn your tax bill into a scholarship to StoneBridge by giving to this unique scholarship opportunity.
 
Here’s how it works:
If you or your business pays more than $500 in Virginia state taxes, you can turn your tax bill into a scholarship. By making a $500 minimum donation to CTF-VA, you not only help students in need, you also receive a 65% tax credit on your contribution.
 
How to Get Involved:
If you’re interested in contributing to this program, here’s how:
  1. Fill out the Contributor Preauthorization form here to reserve your tax credits this year.
  2. Make your payment. There are two ways to send payment: online or mailing a check made out to “CTF-VA.”
      • Date check for before the end of the year.
      • Mail to CTF-VA before December 31. (Do NOT mail your check to StoneBridge!). Mail to either:
        • USPS: PO BOX 62249, Colorado Springs, CO 80962
        • FEDEX: 8585 Criterion Dr. #62249 Colorado Springs, CO 80920
    • Payment must be received on or before December 31, 2024.
    • Track your envelope to avoid holiday postal delays.

If you have any questions or would like further details, please contact our Director of Development Tiffany Hinson at tiffany.hinson@stonebridgeschool.com.

freqently asked questions

What is ACSI CTF?
Sponsored and coordinated by the Association of Christian Schools International (ACSI), the Children’s Tuition Fund (CTF) is a scholarship program that provides tuition assistance for families with low to moderate incomes.

Where do the scholarships come from?
The CTF scholarship fund consists of tax credit contributions from Virginia-based corporations, businesses, and individuals.

What is the EITCP legislation?
The Educational Improvement Tax Credit (EITCP) legislation of 2012 established tax credits for Virginia-based corporations, businesses and individuals that make contributions to approved scholarship organizations. Individual monetary donations must be at least $500 in order to qualify for the tax credit program and a maximum of $125,000 in a taxable year. This limitation does not apply to credits issued to any business entity, including a sole proprietorship.

How can the ACSI CTF benefit StoneBridge?
Eligible families can receive scholarship monies for their students that are enrolled in grades K–12 programs if they are currently enrolled in public education or are just entering kindergarten or first grade. In subsequent years, scholarships may be renewed for students still qualified and receiving funds in previous years as long as they remain enrolled in the member school.

What are the tax savings?
In addition to a 65% tax credit, individuals and businesses can also receive a deduction for a charitable contribution and therefore achieve tax savings in two ways:
  1. 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).
  2. The donor may take a credit against Virginia taxes. Tax reduction equals 65% 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.