EITC and OSTC

Earn a Tax Credit and Help a Child

With the PA EITC and OSTC programs, you can 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 EITC and OSTC 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 your Application Now!

Business Application Guide

EITC

OSTC

Important

  • Applications are processed on a first-come, first-served basis by day submitted.
  • Make your gift within 60 days of approval notification. 
  • Provide proof to DCED within 90 days of the notification letter that the gift was made within 60 days of approval. 
  • Tax credits not used in the tax year the gift is made may not be carried forward or back. 

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