PA EITC Program for

Pennsylvania Businesses

The Pennsylvania Educational Improvement Tax Credit (PA EITC) program allows businesses in the Commonwealth to earn a tax credit for up to 100 percent of certain Pennsylvania taxes when they make a donation to a Scholarship or Pre-Kindergarten Scholarship Organization. A contribution received through PA EITC goes directly to need-based tuition assistance. 

Businesses can attribute their PA State taxes to the Gladwyne Montessori School through the EITC program. Participating in this program will provide your company (or a company with whom you are associated) with a substantial tax credit (75 to 100%).  This is a direct tax credit, NOT a tax deduction.  Additionally, contributions are eligible for federal and state charitable deduction. 

If a business pays any of the following taxes to the Commonwealth of Pennsylvania, the EITC program allows these tax dollars to be directed to GMS scholarship programs:
• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institution Tax
• Personal Income Tax of S corporation shareholders or partnership partners

The EITC program is administered by the Pennsylvania Department of Community and Economic Development (DCED) on a first-come, first-served basis. The sooner your company makes its commitment, the more likely funds will still be available for this fiscal year.

Application Process

Applications for tax credits for fiscal year 2009-2010 (July 1, 2009 through June 30, 2010) will be accepted beginning July 2, 2009.  Applications will be processed by the PA Department of Community & Economic Development on a first-come/first-served basis by the date submitted until the amount of available tax credits are exhausted (which occurs quickly so please submit your application as soon as possible).

The process is easy! Just submit a completed one-page application to the EITC office. The application is available online at www.newpa.com by typing "EITC" on the site search engine.

Or, contact the Gladwyne Montessori Development Office at: 610-649-1761, ext 124 or pjohnson@gladwyne.org). We would be glad to facilitate your application.

Thank you for your interest in this extraordinary opportunity to help deserving students and their families receive the benefits of a GMS education.