Pa. Educational Improvement Tax Credit Program (EITC)

If you’re a business owner, you can reduce your state tax liability by making contributions to the Villa Maria Elementary School Scholarship Fund. The Pennsylvania Educational Improvement Tax Credit Program enables your business to:

Receive a tax credit equal to 75 percent of your contribution to the VME Scholarship Fund, up to a maximum of $200,000 per taxable year.
Increase the tax credit to 90 percent of your contribution if the business agrees to provide the same amount of contribution to an organization for two consecutive years.
For contributions for pre-kindergarten scholarships, receive a tax credit equal to 100% of the first $10,000 contributed and up to 90% of the remaining amount contributed up to a maximum credit of $100,000 annually.

EITC Business Guidelines & Application (373.57 KB)
Guidelines on applying for Educational Tax Credits from the Pennsyvania Department of Community and Economic Development
A Step-by-Step Guide for Accountants: Understanding the EITC Program (312.08 KB)
A publication of the Reach Foundation

How it works

Complete and submit an EITC application with the PA Department of Community and Economic Development (DCED), which will then determine whether your business qualifies for the credit. The application is a very simple, one-page form.
Confirmation letters are generally sent within 10 business days. Once confirmation is received, the business has 60 days to make a donation to the VME Scholarship Fund.

For more information

Contact Sister Margaret Frank, Director of Advancement
Phone: (814) 838-5451 Ext. 223
Fax: (814) 833-6132