Corporate Giving: Education Improvement Tax Credit (EITC)

The EITC program enables Pennsylvanian businesses to directly invest in the education of our youth by supporting scholarships and innovative educational practices while also receiving annual tax credits for their contributions. You can support the Russell Byers Charter School by giving to the Byerschool Foundation through the EITC program.

What is EITC?

Enacted by the Commonwealth of Pennsylvania in 2001, businesses can be approved for tax credits equal to between 75-90% of contributions made to qualifying organizations. The Byerschool Foundation qualifies for support through the following three programs of EITC:

  • Educational Improvement Organizations (EIO)
  • EIO funding supports our innovative academic model, Expeditionary Learning, which provides students the opportunity to learn outside the traditional classroom.
  • Scholarship Organizations (SO)
  • SO funding supports charter school students who wish to attend independent (private or parochial) high schools. Families receiving this support must have a taxable household income less than $96,000, plus $17,017 for each dependent member of the household.
  • Opportunity Scholarship Organizations (OSTC)
  • OSTC funding supports scholarships for students who continue on to independent high schools and who reside within the boundaries of lowest-achieving 15% of Pennsylvania schools, and whose families' taxable household income is less than $75,000,plus $15,000 for each dependent member of the household.

How can my business get involved?

Businesses are eligible if they are authorized to do business in Pennsylvania and are subject to one or more of the following taxes:

  • Corporate Net Income Tax and Personal Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Bank Shares Tax
  • Title Insurance & Trust Companies Shares Tax
  • Insurance Premiums 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

Initial application are due by July 1 to qualify for the current tax year. A two-year commitment is required. For more information, talk with your tax preparer, or visit the Department of Community and Economic Development informational page. Create an account and apply for eligibility here. And use this guide for help.