NAP BROCHURE

The Chesapeake Bay Academy Educational Foundation, a NAP approved organization, provides funds for financial assistance to qualifying families to enable their child to attend Chesapeake Bay Academy. Chesapeake Bay Academy is an educational institution that provides specialized learning programs to children with learning and attention disorders and other issues that prevent them from succeeding in traditional learning environments. Chesapeake Bay Academy and the Chesapeake Bay Academy Educational Foundation are both 501(c)(organizations.3)

ABOUT NAP
The Neighborhood Assistance Program (NAP), a program of the Commonwealth of Virginia, encourages partnerships between the private and public sectors to assist the economically disadvantaged. Virginia state income tax credits are provided as incentives for businesses and individuals to contribute to an approved nonprofit organization, such as the Chesapeake Bay Academy Educational Foundation (the Foundation).

ELIGIBILITY
An individual, married couple, or business that pays Virginia state income tax is eligible. A private or business foundation or charitable organization is generally not eligible.

BUSINESS
A business contributing to the Foundation may receive a state income tax credit equal to 40 percent of the total contribution. Eligible business contributions may be made in cash, stock, goods, real estate, rent/lease of nonprofit’s facility, and limited health care, professional, and contracting services. A contributing business may take a maximum of $175,000 in NAP credits for any tax year ($437,500 in contributions). The minimum donation for a business is $1,000 which entitles the business to receive a $400 tax credit. When a business makes a donation to a NAP eligible organization, such as the Foundation, the business can recapture up to 85% of its contribution through state tax credits and state and federal income tax deductions. Credits granted to a partnership, limited liability company, or S corportion are allocated to the individual partners, members, or shareholders in proportion to their ownership interest in the business entity.

INDIVIDUALS OR MARRIED COUPLES
Tax credits are available to individuals or married couples donating cash or marketable securities to the Foundation. The minimum donation in any tax year by an individual or a married couple must be at least $500 which entitles the donor to receive a $200 ($500 x 40%) tax credit. The maximum donation per taxable year for individuals or married couples is $125,000 which entitles the donor to receive a $50,000 ($125,000 x 40%) tax credit.

APPRECIATED STOCK
Stock donations to the Foundation from an individual or a business entity, Sole Proprietor (files Schedule C or F), Corporation, Sub S, Partnership, LLP, LLC, PLC, PC, are also entitled to receive NAP tax credits. Donating appreciated assets, such as stocks, bonds, or mutual funds provides a charitable deduction at the full value of the appreciated asset and avoids capital gains taxes that would result from the sale of the asset. Should you have questions about these NAP tax credits, or to make a donation of stock, please consult your tax advisor.

Every student and family who walks through our doors at Chesapeake Bay Academy is beginning an exciting personal journey. Nurtured by our commitment and passion, families grow and thrive as they move toward fulfillment of their dreams.

However, we need your support to help our students and families on that journey. By donating to Chesapeake Bay Academy, you can help us to continue our excellent educational standards, maintain the quality of our faculty and staff, give our students the resources and tools they require and provide financial assistance to students in need. Everyone can help – trustees, parents, faculty and friends – by donating to one or more of the programs listed below. Your gift today can help make a dream come true tomorrow.

Annual Giving
Chesapeake Bay Academy is a warm, caring and safe environment for students, faculty and staff. However, maintaining our facility and unique instructional programs requires additional funds above and beyond what we receive in annual tuition fees. In fact, tuition only accounts for 75% of our operating budget. Therefore, it's up to us – parents, grandparents, alumni, teachers, staff, foundations, and anyone else who supports the Chesapeake Bay Academy mission – to help make up the difference through donations to the Annual Fund.

The Chesapeake Bay Academy Annual Fund helps maintain the daily operation of the school – from utilities and instructional materials to teachers' salaries and the much-needed financial assistance to more than one-third of our students.

Our goal this year is to raise $120,000. We ask that you consider your best gift this year so that we may continue to provide the exceptional instruction and comfortable environment for our students, faculty and staff, and visitors.

Planned Giving
Planned giving provides an opportunity for donors to make provisions for the support of Chesapeake Bay Academy through a deferred gift. Methods of planned giving may be tailored to suit your needs and giving may include trusts, life insurance, bequests, or retirement plan assets.

There are many ways to remember Chesapeake Bay Academy in estate plans, and it may be surprising to discover how inexpensive most of these are to accomplish.

• Add Chesapeake Bay Academy as a beneficiary to an existing life insurance policy, or purchase a new policy for the school's benefit.
• Amend a group life insurance policy or retirement plan to include Chesapeake Bay Academy as a beneficiary.
• Prepare a simple codicil to an existing will, creating a bequest for Chesapeake Bay Academy.
• Those over 65 years of age may consider the Chesapeake Bay Academy Charitable Gift Annuity Program. This type of gift provides attractive tax benefits and may result in higher annual income.
• Leave written or verbal instructions for a surviving spouse to include Chesapeake Bay Academy when redrawing his or her will.
• For those with a sizable estate, a charitable trust may benefit both the estate holder and Chesapeake Bay Academy. The tax advantages are significant and may offset any legal costs.

In Memoriam or In Honor Gifts
Gifts may be made in honor or in memory of an individual. Opportunities are also available for named gifts or special memorials to honor a family member, friend, or loved one. Special gifts, donations directed toward a particular program or need, and gifts-in-kind are also accepted.

Gifts of Cash or Stock
Gifts of cash provide income tax benefits if you itemize your deductions. A gift of appreciated securities will allow you to receive a deduction for the full market value and avoid a capital gain tax liability.

Gifts-In-Kind
Gifts-in-Kind, or non-cash gifts, are very helpful in meeting many of our school needs. From office equipment to computers, donations of this kind are welcome. Please call our Director of Development for more information.

Acknowledgement of Gifts
All gifts to Chesapeake Bay Academy are tax-deductible and are acknowledged through the Development Office. For additional information on Sharing Your Commitment, please contact Chris Hartman, Director of Development at 757.497.6200 or chartman@cba-va.org, or Shan Raza, Chief Financial Officer at 757.497.6200 or sraza@cba-va.org.