Giving through EITC/OSTC
Logos Academy participates in Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs. In 2001, Pennsylvania Act 4 established the EITC program. Act 4 authorizes the award of tax credits to businesses that make contributions to scholarship organizations.
You may receive a tax credit of 90% of your gift if your business commits to two consecutive years of donations. If your business gives for one year, your business may receive a tax credit of 75% of your gift. Your company can give up to $750,000 for each tax credit program.
Apply Now Business Application Guide
Qualifying for the EITC and OSTC programs is simple. Your business must pay one of the following state taxes:
- Personal Income Tax
- Corporate Net Income Tax
- Capital Stock/Foreign Franchise Tax
- Bank Shares Tax
- Title Insurance & Trust Company Shares Tax
- Insurance Premiums Tax
- Mutual Thrift Institutions Tax
- Malt Beverage Tax
- Retaliatory Fees under section 212 of the Insurance Company Law of 1921
EITC and OSTC are two ways a company can give to Logos Academy. Some businesses choose to contribute to specific projects, like the Building Fund, or give equipment for our offices and classrooms.
To discuss all of the giving opportunities for your business:
contact Paige Fessick at 717-848-9835, ext. 102.