Corporate Giving – EITC/OSTC

EITC Eligibility

Change the lives of children and families in your community through corporate donations, corporate sponsorships of HFI events, or the Educational Improvement (EITC)  or Opportunity Scholarship (OSTC) Tax Credit programs. 

There are many ways for corporations to get involved. Through corporate foundation grants or by sponsorship of Holy Family’s events, corporations can provide much-needed funding to ensure HFI programs can continue serving children and families.

The Educational Improvement Tax Credit (EITC) program of the Pennsylvania Department of Community and Economic Development (DCED) offers businesses the opportunity to provide significant assistance to schools and families each year. These dollars are designated to support scholarships and educational improvement programs for schools. Businesses have the option of selecting a specific educational institution or program for receipt of the corporate donation.

Qualifying businesses or corporate entities receive a 75% tax credit for each yearly commitment of up to $400,000. For those who choose to commit the same amount of funding for two years the tax credit on the donation increases to 90%. It creates a win-win for both businesses and institutions working so hard to provide students with the best opportunities to learn.

Holy Family Institute is approved to receive donations as both a scholarship organization and educational improvement organization. If your company pays one of the following types of taxes, you may be eligible:

  • Corporate Net Income Tax
  • Title Insurance Companies Shares Tax
  • Capital Stock and Franchise Tax
  • Insurance Premium Tax
  • Bank and Trust Company Share Tax
  • Mutual Thrift Institutions Tax
  • Personal Income Tax of S Corporation shareholders or partners in general or limited partnership

To obtain complete information and obtain an application, please go to www.newpa.com today.  Filing your application should be done as close to July 1 as possible, as there are only a limited number of dollars available for the program.