Throughout the year, the Soho Center receives financial support that helps us help thousands of children and families.  Donors receive federal deductions (and, if they are Virginia businesses, also receive VA Income Tax Credits worth 45% of the donated amount).

As you plan your personal or corporate charitable giving in 2004 and 2005, please consider supporting our innovative child-related projects.

The Soho Center can provide interested donors with a copy of our independent audit and Forms 990.  You can even Donate on-line.  For more information, Click Here

F e d e r a l   D e d u c t i o n s   f o r   D o n o r s 

As a long-established 501(c)(3) non-profit, tax-exempt organization, the Soho Center gratefully accepts donations in support of our activities.  Each donation generates a tax deduction on the donor's federal income tax return.

If you donate appreciated stock, your federal deductions (AND your Virginia Income Tax Credits if you owe Virginia Income Tax - please see below for details) will be based on the current value of your stock - which can result in some very significant tax savings.

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             f o r   V i r g i n i a   B u s i n e s s   D o n o r s 

Of special interest to potential business donors that have Virginia income tax obligations is the Soho Center's continuing participation in the Commonwealth's Neighborhood Assistance Program (NAP).

Any donation of goods, services, or direct dollars to the Soho Center by any Virginia corporation, partnership, or sole proprietorship generates a Virginia Tax Credit worth 40%of the amount donated. This is in addition to the federal tax savings from the donation.
 

For example - a donation of $10,000 gives a business donor the standard $10,000 federal deduction (worth up to $3,900, depending on the donor's tax bracket). 

In addition, a Virginia business donor to the Soho Center also receives a $4,000 tax credit (not just a deduction, a CREDIT).  The donor can then use this credit  - dollar for dollar - to pay their Virginia Income Tax obligations.  And the credit can be rolled forward for up to five years. 

Put another way, a Virginia business' donation of $10,000 provides $10,000 of support for the Soho Center, but it generates approximately $6,500 of tax savings making the net cost of the donation approximately $3,500.

If you care about America's children,, please consider us as you plan your charitable giving.  We'll use it well.