ABOUT EITC
Meadowbrook Christian School Scholarship Organization
EITC program basically allows you to pay corporate PA tax obligation directly to Meadowbrook.
The Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs are designed to provide educational opportunities at schools like Meadowbrook for students who otherwise would be unable to attend. Some reside in the lowest performing public school systems in PA. Tax credits are 90% for K-12 and 100% for Pre-K. Help students in your community by donating your taxes to students in your community!
A program that benefits businesses, individuals and schools.
Pennsylvania makes millions of dollars available each year through the Educational Improvement Tax Credit Program (EITC) to be used as “tax credits.” The EITC program enables businesses and individuals to support private schools, such as Meadowbrook Christian School a recognized 501 (c)(3) organization, via scholarship funds, instead of directing their tax dollars to Harrisburg.
Tax credits may be applied against your tax liability for the tax year in which the contribution was made. It is a win-win for businesses, individuals and our school!
There are two ways to participate – and you may qualify for both!
1) As a business, you may participate through the traditional program, as described below. Click here for a downloadable PDF on how to apply.
2) As an individual, you may participate through a Special Purpose Entity (SPE), the new era of EITC funding, if you have a minimum PA tax liability of $3500. Unlike the traditional business model, there are no strict deadlines to follow, and there is a simple one-page application. Additionally, there may be federal tax benefits to taxpayers who deduct charitable contributions – potentially allowing you to make money! Please contact Jenn Deitrick, Director of Finance at Meadowbrook Christian School, for more information, or you may click here for a Questions and Answers PA State website.
Is your company eligible?
A company is eligible to donate to Meadowbrook Christian School through EITC if the company pays one of the following taxes:
Pennsylvania businesses that pay any of the following taxes are eligible to participate in the EITC program:
Personal Income Tax of S Corp Shareholders or Partnership Partners
Corporate Net Income Tax
Capital Stock Franchise Tax
Bank & Trust Company Shares Tax
Insurance Premium Tax
Title Insurance Company Shares Tax
Mutual Thrift Institutions
Malt Beverage Tax
The Pennsylvania Department of Community and Economic Development (DCED) determines the eligibility of businesses as well as educational improvement organizations.
When should a company or individual apply?
Both new and renewing EITC business participants receive approval on a first-come, first served basis. When the tax credits given to organizations equals the maximum allowed to be credited for the year, the DCED will close the EITC opportunity until the following year.
Applications are processed by the PA Department of Community & Economic Development (DCED) on a first-come/first-served basis by the date submitted until the amount of available tax credits are exhausted (we recommend that new businesses submit their application NO LATER than July 1st).
Where to apply?
DCED Center for Business Financing
Tax Credit Division-4th Floor
Commonwealth Keystone Building
400 North Street
Harrisburg, PA 17120
(717) 787.7120 or RA-EITC@pa.gov
