Transform Your Tax Dollars into Scholarships for Philadelphia Students
Investing in Scholarships Works
The Pennsylvania educational tax credit programs (EITC/OSTC) incentivize donors to transform their tax dollars into scholarships for kids who are eager to learn at safe, quality tuition-based schools. Businesses and individuals can receive 90% (dollar-for-dollar) PA tax credits for their donations, along with the opportunity for a small federal deduction.
Who is Eligible:
- S-Corp, sole proprietorship, LLC, LLP, or C-Corp authorized to do business in PA
- Owners or shares in a corporation that conducts business in PA
- Individuals or households with a PA tax liability (CSFP suggested minimum is $2,500)
CSFP Makes It Easy for You
- Determine your annual tax liability
- Sign a membership agreement
- Make a contribution
- CSFP does the rest!
Sample Tax Credit Calculation
Personal Contribution | |
|---|---|
Donate | $5,000 |
Tax Credit (90%) | $4,500 |
Federal Savings
(using the average marginal rate of CSFP donors) | $120 |
Net Cost to Donors | $380 |
2 lives transformed through scholarships!
Business Contribution | |
|---|---|
Donate | $20,000 |
Tax Credit (90%) | $18,000 |
Federal Savings
(using the 21% corporate tax rate) | $420 |
Net Cost to Donors | $1,580 |
8 lives transformed through scholarships!
CSFP accepts donations from $2,500 to $833,333 as part of the tax credit program
EITC/OSTC Space is Available
New donors interested in reducing their 2024 PA corporate or personal tax liability with a donation are encouraged to reach out. Credits available through CSFP are on a first-come, first-served basis!
Now is the time to inquire about participation for yourself or your business.
Get involved!
PA EITC/OSTC Interest Form
Turn your Pennsylvania tax liability into scholarships for Philadelphia’s youngest learners. Fill out the form below to get in touch with our team.