Educational Improvement Tax Credit (EITC)

A gift to Westtown can provide your company with a substantial tax credit, through the Educational Improvement Tax Credit (EITC) Program. The EITC Program is a unique opportunity for businesses in the state to reduce tax liability by contributing to a registered scholarship organization. Gifts to scholarships at Westtown School can generate a tax credit equal to 75% of the contribution, up to a maximum of $750,000 annually. Two-year commitments receive a 90% tax reduction up to a maximum of $750,000 each year.

 

For more information on the EITC program, please visit www.newpa.com/eitc

How do I apply?

Click here for step-by-step instructions with visuals


1. Click for the 
application to apply or renew. Paper applications will no longer be accepted. 

a. Register your business or log-in to an existing account
b. Applications can be started, edited, and finalized at any time
c. Credits are disseminated on a first come, first served basis
d. 
Westtown is a Scholarship Organization (SO)

2. The Department of Community and Economic Development (DCED) will notify you when you have been approved for tax credits

a. You must make a contribution to Westtown within 60 days of the date of the approval letter from DCED.
b. Westtown will send you an acknowledgement letter, which you must send to DCED within 90 days of the date of the approval letter.

3. The Department of Revenue, after receiving proof from the DCED, will apply the tax credit against the appropriate taxes identified by you on your application.

 Online Application: www.esa.dced.state.pa.us/ 

Timeline
  • May 15 – Business applicants who have fulfilled and wish to renew their 2-year commitment.
     
  • May 15 – Businesses who are in the middle of their 2-year commitment
     
  • July 1 – All other businesses
Eligibility

Your business is eligible if it is authorized to do business in Pennsylvania and is 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.

All funds received through this program provide direct support to Westtown’s need-based financial aid program. 

For More Information
  1. Westtown School: Courtnay Tyus, Director of Annual Giving, can be reached at 610-399-7922 and courtnay.tyus@westtown.edu.
  2. Department of Community and Economic Development: 717-787-7120 or ra-eitc@pa.gov
Questions?
Courtnay Tyus
Dir. of Annual Giving
610.399.7922
Email
Calendar List
    • FriMay08 Alumni Weekend
    • SatMay09 Alumni Weekend
    • SunMay10 Alumni Weekend
powered by finalsite