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Tax Credits for Scholarships

Credits for Scholarships

Educational Improvement Tax Credit (EITC) & Opportunity Scholarship Tax Credit (OSTC) Programs

Through participation in the Pennsylvania Education Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, businesses - and now, individuals - with significant tax liability, can earn PA tax credits when they make a contribution to a scholarship organization like Friends' Central School.

The business application process could not be simpler. Visit the Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) state websites, or contact Director of Leadership Giving Kim Emmons-Benjet by phone at 610-645-4499 or by email at kbenjet@friendscentral.org.

The Friends Collaborative 
For over a decade, Pennsylvania businesses have been providing scholarship dollars to Friends’ Central in exchange for state tax credits through the Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC). Now, thanks to the Friends Collaborative, the state tax credit opportunity is also available to individuals and more businesses.

This giving opportunity returns a 90% state tax credit on contributions made two years in a row. That is a dollar-for-dollar reduction in taxes owed, and is a great way to make a large gift at a very low cost - less than 10 cents on the dollar. All EITC and OSTC donations to FCS are allocated to need-based tuition assistance. 

Click here to learn more, or contact Kim Emmons-Benjet, Director of Leadership Giving, at 610-645-4499 or kbenjet@friendscentral.org

Donor Stories

When asked why he decided to invest in the Friends Collaborative, FCS parent of alum and former trustee Paul Halpern replied, "It was a great way to give back to FCS! The state tax credit turns a small sacrifice into a big contribution ... it's like getting to take advantage of a 9:1 contribution matching program."