EITC and OSTC

Turn your Taxes into Scholarships

Any Pennsylvania tax-paying business or individual can redirect a portion of their tax liability to the Waldorf School of Philadelphia as a philanthropic gift for financial aid.

Put your tax dollars to work and help make Waldorf education available to more talented students!

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 1   - 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

Am I Eligible?

Households with an annual income of $200,000 (single) or $300,000 (joint) or a net worth of at least $1,000,000 (excluding the value of your primary residence) are eligible to apply.

The Waldorf School of Philadelphia supports individual and business applications. For a conversation, please call Alexandra Borders, Director of Advancement and Enrollment 215-248-1662 or bordersa@phillywaldorf.com 

Act Fast! Tax credits are available on a first come, first served basis. 

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 1   - First-time applicants.

 

Call and Learn More!

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