PA Tax Credits
By making a gift to DC through the Pennsylvania Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, businesses redirect their PA tax dollars to DC for financial aid. The application takes less than 10 minutes to complete, and not only does this provide a significant benefit to students, but businesses also receive a tax credit for as much as 90% of the value of their gift in Pennsylvania State taxes. Learn more below.
Apply Online at https://www.esa.dced.state.pa.us/Login.aspx.
What are EITC and OSTC?
Donations made through the Educational Improvement Tax Credit (EITC) provide financial aid to students living in low-income households who attend an eligible scholarship organization, like DC.
Gifts given through the Opportunity Scholarship Tax Credit (OSTC) program support DC students from low-income households who live in neighborhoods with low-achieving public schools (bottom 15% in Pennsylvania). The tax benefits of these programs to businesses are exactly the same.
How does it work?
Tax credits are available on a first-come, first-served basis, and businesses must complete a quick, single-page application each year to contribute.
- Applications for the 2017-2018 year are now closed. For program year 2018-2019, tax credit applications are accepted beginning on July 2, 2018.
- Renewal applications for donors who made a two-year commitment are accepted beginning on May 14, 2018.
- Tax credits are given for 75% of your business’ contribution, up to a maximum of $750,000 annually.
- A business that agrees to make a contribution to DC for two consecutive tax years may receive a tax credit equal to 90% of its contribution.
Redirecting Personal State Tax Dollars
For many years PA has offered tax credit programs that allowed businesses to receive tax credits and then donate those dollars to schools to be used for financial aid. Essentially, participants can choose to send some or all of the tax dollars they would otherwise pay to PA to Delaware County Christian School. Recently, special purpose entities or "pass through" entities have been allowed to participate, meaning individuals can now donate to a scholarship organization and receive the tax credit. The DC Scholarship Partners LLC (DCSP LLC) is one of these entities.
Please contact Kristen Paulson, Director or Development with questions or interest in the program.