Dramatically lower your state and federal tax liability while investing in Philadelphia low-income children through the PA Opportunity Scholarship Tax Credit (OSTC) and the PA Educational Improvement Tax Credit (EITC). Eighty percent of Philadelphia K-8th grade public schools are on Pennsylvania’s list of lowest-performing schools, and parents are desperate for better options for their children.
By donating to CSFP through the tax credit programs, you provide hope, opportunity and success for low-income children and our community’s future.
Sample Tax Credit Calculation: C Corp
|Impact||26 lives impacted|
|PA Tax Bill||$50,000|
|Tax Credit (90%)||$45,000|
|Federal Tax Savings (net @ 21%)||$1,050|
Sample Tax Credit Calculation: S/LLC/LP
|Impact||5 lives impacted|
|PA Tax Bill||$10,000|
|Tax Credit (90%)||$9,000|
|Net Federal Tax Benefit||$2,400|
|Net Cost for Donor||$0