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“My children have had a rough childhood. This scholarship means a great deal because our family is struggling to make ends meet. I am committed to providing them with a solid education. With this scholarship, they can now benefit from a safe and nurturing education..”
•••
Evelyn
(Parent)



Corporate Donations

Pennsylvania corporations have the unique opportunity to make a donation and receive up to a 90% tax credit under the Education Improvement Tax Credit Act (EITC). These tax credits are limited and available on a first come, first served basis only. Interested companies need to act now. Please Note: Effective July 8, 2008, "Subchapter S corporations" now qualify for this tax credit program, as well as other small and medium sized businesses that pay personal income tax on PA business income. The yearly maximum EITC donation for companies has been increased to $300,000. While many newly formed educational organizations statewide are seeking corporate donations through the EITC, CSFP is in a unique position to generate and leverage contributions.

FOR A LIMITED TIME ONLY, THERE ARE TAX CREDIT DOLLARS CURRENTLY AVAILABLE IN THE SCHOLARSHIP ORGANIZATION PA EITC "BANK". HOWEVER, INTERESTED COMPANIES MUST ACT NOW - THESE DOLLARS WILL BE FULLY ALLOCATED SHORTLY. If you are interested in making an EITC donation, please contact us as soon as possible so that we may help you file your application. (See below for direct contact information.)




A link to Sample Computations for Business Firms Donating Money to an Educational Improvement or Scholarship Organization Using the Educational Improvement Tax Credit (EITC)

EITC- Frequently Asked Questions for the Business Community

1616 Walnut Street, Suite 2200
Philadelphia, PA 19103
Lipman@csfphiladelphia.org
     
 
       
     

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