Tami Clark, Executive Director for the Central Pennsylvania Scholarship Fund answers your questions and helps you learn more about the benefits of participating in the EITC/OSTC Scholarship programs.
EITC and OSTC
Support WT and get a tax credit — a Win-Win!
Everything you need to know about PA’s Educational Improvement Tax Credit Program (EITC) and Opportunity Scholarship Tax Credit Program (OSTC).
If you pay PA taxes, WT students can reap the benefits. Through Pennsylvania’s Educational Improvement Tax Credit (EITC) program or Opportunity Scholarship Tax Credit (OSTC) program, eligible businesses can earn significant tax credits by donating to WT’s scholarship and financial aid program.
There are two easy ways to do this:
1. Apply for Credits Directly through the State: Businesses can submit an online application to the state of Pennsylvania for tax credits. View step-by-step instructions for completing the application process.
2. Participate in the Tax Credit Program with a Special Purpose Entity (SPE): Donors (either individuals or businesses) can enter into a joinder agreement with a qualifying SPE and then make the donation to the SPE. The SPE will then forward the funds to the preferred organization (in this case, WT). More information about SPEs can be found here.
Looking for more information on how your business can make a difference and receive up to a 100% tax credit? Visit our Frequently Asked Questions page or contact Director of Advancement Monica Gay at firstname.lastname@example.org or 412-578-3746.
Read more about the EITC and OSTC programs and application processes here.
"EITC represents a rare opportunity to support WT at a very low cost. Our company receives a 90% credit each year against our Capital Stock Tax for our two-year commitment. We are happy to direct our funds to a cause that we know uses them both wisely and effectively."
Henry Posner III, Chairman
Railroad Development Corporation
When you support WT with EITC, you're in good company.
WT thanks these generous companies that have supported WT scholars in recent years.
Alvin Cohen Trust and Nat Cohen Partnership
Bridges & Company Inc.
C.S. McKee & Co., Inc.
Central Maintenance & Service Company
Community Investment Advisors
The Design Alliance Architects
Direct Energy Business
Douglas H. Ostrow
First National Bank of Pennsylvania
Freedom Road Realty Partners LP
Glimcher Group Incorporated
Hardin Compliance Consulting LLC
Innovative Systems, Inc.
Noreen H. Tompkins, Pharm. D., LLC
Philadelphia Insurance Companies
PNC Financial Services Group, Inc.
RDC Domestic Holdings Corporation
Simpson & McCrady LLC
SJS Development Company
UPMC Health Plan