What is EITC?
This program, run through the Commonwealth of Pennsylvania, was designed to offer tax credits to eligible businesses with the credits being designated to an Educational Improvement Organization. The Provident Charter School Foundation is an approved educational improvement organization and is qualified to receive donations from corporations for financial aid through the EITC program.
How does it work?
The Commonwealth of Pennsylvania awards businesses tax credits for making a contribution to approved organizations. Provident Charter School Foundation is the approved organization for Provident Charter School. Businesses can get a tax credit equal to 75% of its contribution up to $750,000 per taxable year. This can be increased to 90% if the business agrees to provide the same contribution for two consecutive years.
How do School students benefit?
Provident Charter School is a tuition free, public school designed for educating students with language-based learning differences such as dyslexia. Donations received from corporations will be used for innovative programs that will benefit all students.
How can YOU help?
Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
- Personal Income Tax
- Capital Stock/Foreign Franchise Tax
- Corporate Net Income Tax
- Bank Shares Tax
- Title Insurance & Trust Company Shares Tax
- Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
- Mutual Thrift Tax
- Malt Beverage Tax
- Retaliatory Fees under section 212 of the Insurance Company Law of 1921