A Smarter Way to Give Back

A simple way to make a lasting impact—at no additional cost to you.

Through Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, eligible individuals and businesses can redirect a portion of their state tax dollars to Gladwyne Montessori—helping to fund financial aid and expand access to a Montessori education for families across the Philadelphia region.

When you participate, you’re not just reducing your tax bill—you’re investing in a child’s future. One short application is all it takes to provide the gift of time spent learning in a nurturing, student-centered environment.

Tax Credit Information Request

questions? Contact us

Application Process & FAQ's

Participation Information: For Individuals

Individuals can participate by joining a Special Purpose Entity (SPE) as an “accredited investor” and participating with their personal tax liability. Joining a Special Purpose Entity will require a short joinder agreement confirming eligibility and anticipated level of participation.

Once accepted, participants will write a check directly to the Special Purpose Entity, restricting scholarship funds to Gladwyne Montessori.
The SPE then receives tax credits typically equal to 90% of the donation amount, which are distributed on a K-1 according to each member’s % interest in the LLC. These credits can then be applied to your PA tax liability by your accountant.
Gladwyne Montessori awards scholarships and receives funds directly from the SPE.

Please contact advancement@gladwyne.org if you are interested in joining a SPE.

Suggested Special Purpose Entities (SPEs)

Participation Information: For Businesses

If your business pays any of the following taxes to the Commonwealth of Pennsylvania, the EITC and OSTC programs allow these tax dollars to be directed to scholarships:

Personal Income Tax
Capital Stock/Foreign Franchise Tax
Corporate Net Income Tax
Bank Shares Tax
Title Insurance & Trust Company Shares Tax
Insurance Premiums Tax
Mutual Thrift Tax
Malt Beverage Tax
Retaliatory Fees under Section 212 of the Insurance Company Law of 1912

Pass-through entities (S-Corporations, Partnerships, LLCs, etc.), special purpose pass-through entities, and C-Corporations are eligible to apply for tax credit.

Application Process

The application process is simple. The key is meeting application deadlines since tax credits are awarded on a first-come, first-served basis until funds are exhausted. Business guidelines are available here or visit www.dced.pa.gov and search EITC business guidelines.

Applications must be submitted electronically using DCED’s Single Application for Assistance.
Applications for the second year of a two-year commitment are due May 15.
Applications for businesses who have fulfilled their two-year commitment and wish to renew their commitment are due May 15.
New applications should be submitted on July 1, 2022.

Please Note: Businesses may also elect to participate through a Special Purpose Entity.

How much tax credit will I receive?

The EITC and OSTC programs provides a tax credit of 75% for a one-year commitment or 90% for a two-year commitment up to a maximum of $750,000. Federal deductions may also apply.
The Pre-K Scholarship (PKSO) program provides a 100% tax credit for up to $10,000 and 90% of any additional amount contributed, up to a maximum of $200,000. Federal deductions may also apply.

Which programs benefit Gladwyne Montessori?

Gladwyne Montessori is eligible to receive two of EITC scholarship options: Scholarship Organization (SO) and Pre-Kindergarten Scholarship (PKSO) as well as OSTC scholarships (OS). By making an SO or OS donation you receive a tax credit of 75% for a one year commitment or 90% for a two year commitment. If you chose PKSO, you receive a 100% tax credit for up to $10,000 (anything over $10K is a 90% tax credit).

Learn More

PRINTABLE EITC/OSTC PROGRAM OVERVIEW

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