EITC/OSTC Businesses

Business Tax Credits

In Pennsylvania, businesses can receive a dollar-for-dollar credit in tax payments of up to 90% for every contribution made to Crossroads Foundation, which is an approved Scholarship Organization. Eligible businesses that apply for credits — and are approved — can make a substantial donation at very little real cost. Also, the amount you donate is deductible from federal taxes.

 

Educational Improvement Tax Credit (EITC)

A great way to provide scholarship opportunities for Crossroads scholars, EITC funding supports non-profit organizations that provide private school scholarships to families from low-and-middle income households.

 

Opportunity Scholarship Tax Credit (OSTC)

The OSTC program offers support specifically to students living in the lowest-achieving high schools in PA (the bottom 15%), as determined annually by the PA Department of Education.

Eligibility Requirements

Businesses

• C-corporations
• S-corporations
• Partnerships
• Limited Liability Companies (LLCs)
• Subsidiary partnership opportunities through large partnerships and LLC's

Taxes

• Personal Income Tax of S-corporation shareholders or Partnership partners
• Corporate Net Income Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Instituion Tax
• Malt Beverage Tax
• Insurance Company Law of 1921

Next Steps

• Every $11,000 provided through EITC and OSTC funding supports a Crossroads scholar for one year.
• Applicants must apply for credits by July 1 — the application is short and takes about 20 minutes to complete.
• For questions or assistance, please contact our Development team at development@crfdn.org. For further reference, visit www.paschoolchoice.org