csf_Corporate Donations





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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. 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.) The Pennsylvania legislature enacted and passed the Pennsylvania Educational Improvement Tax Credit Act (EITC). This legislation provides Pennsylvania companies with a unique opportunity to help students from low-income families in the Philadelphia community attend private and parochial schools. Businesses can contribute to Children’s Scholarship Fund Philadelphia and similar organizations for two consecutive years to receive a tax credit equal to 90% of their contributions, up to a maximum of $200,000 annually. 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. The EITC legislation has served as a model for other states. Florida recently passed a similar legislative bill and the U.S. House of Representatives is currently considering similar tax credit legislation. 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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