EITC and OSTC

earn a tax credit, help a child

Use your state tax dollars to provide scholarships for low-income children. Any Pennsylvania tax-paying person or entity can dramatically lower their state and federal tax liability while directly investing in quality education. Put your tax dollars to work and help make Waldorf education available to more children regardless of their financial circumstances.

about the tax programs

A gift to the Waldorf School of Philadelphia can provide you or your company with a substantial tax credit through the Pennsylvania Educational Improvement Tax Credit Program (EITC) or the Opportunity Scholarship Tax Credit (OSTC). A company or individual can receive PA state tax credits equal to 75% of its contribution up to a maximum of $750,000 per taxable year. This can be increased to 90% of the contribution if a company agrees to provide the same amount for two consecutive tax years. For example, donating $10,000 a year to the Waldorf School of Philadelphia for two years will earn you a tax credit of $9,000 per year, plus the ability to claim $1,000 as a charitable deduction.

when to apply

May 15 – To renew if you are either at the end of in the middle of your 2-year commitment.
July 2   - First-time applicants. 

is my business eligible?

If your business is authorized to operate in Pennsylvania and pays one of the following taxes, you can register to be eligible to apply.
Corporate Net Income Tax, Capital Stock Franchise Tax, Bank & Trust Company Shares Tax, Title Insurance Company Shares Tax, Insurance Premiums Tax, Mutual Thrift Institution Tax

prepare to apply

Business Application Guide

EITC

OSTC

Important Dates

Tuesday, May 15 – To renew if you are either at the end of in the middle of your 2-year commitment.


Monday, July 2   - First-time applicants.

 

Call and Learn More!

Alex Borders
Director of Advancement and Enrollment
bordersa@phillywaldorf.com
215-248-1662