What is the EITC Program?

The Educational Improvement Tax Credit (EITC) Program is a state-run program that provides companies with a 75% tax credit for donations to a nonprofit scholarship or educational improvement organization. The tax credit increases to 90% if the company commits to making the same donation for two consecutive years.

Because of the remarkable support from businesses in our region, over $195,000 was awarded to deserving students in the 2017-2018 academic year. Thank you to our EITC Scholarship Partners!
 
Central Pennsylvania Scholarship Fund
Construction Engineering Consultants
First Commonwealth Financial Corporation
Inspired Restoration
Kuzneski Insurance Group
Laurel Valley Motors
M&T Bank
Orthopedic & Sports Physical Therapy Associates, Inc.
OSPTA Homecare & Hospice, LLC.
PNC Financial Services Group
Reparex Fabricated Systems
Reparex, Inc.
Robindale Energy
Swank Associated Companies, Inc.

List of 3 frequently asked questions.

  • Q. Who is eligible to participate?

    The EITC program is available to businesses in the state of Pennsylvania that pay any of the following taxes:
    • Corporate Net Income Tax
    • Capital Stock Franchise Tax
    • Bank and Trust Company Shares Tax
    • Title Insurance Companies Share Tax
    • Insurance Premiums Tax
    • Mutual Thrift Institution Tax
  • Q. How does my contribution help Valley School?

    All funds received from the EITC program goes directly towards scholarships at Valley School of Ligonier. Valley School of Ligonier’s Financial Aid Program provides the opportunity for a diverse group of students to receive a high quality education that otherwise may be unobtainable. In accordance with the school’s mission, this program provides Valley School with a student body that reflects a broad social, racial, and economic mix. At Valley School, the need for financial aid continues to increase each year. In the past, the EITC program has helped the school raise more than $100,000 per year to assist students.
  • Q. How do I apply?

    All applications must be completed online beginning on May 15 if your business is already committed to a two-year donation or on July 1 for new applications. The EITC program is operated by the Department of Community and Economic Development (DCED) and is run on a first-come, first-serve basis. For more information, visit the state website at www.newpa.com and search “EITC” or call 1-866-466-3972.

Questions?

For more information about how your company can benefit or for questions regarding the application process, contact Maria DeCrosta, Director of Development at 724-238-5028.
    • Gifts Grow at Valley School

      Gifts Grow at Valley School

Megan White, First Commonwealth Bank

As a community bank, First Commonwealth embraces the EITC program as another way that our company and our employees can be directly involved in supporting educational opportunities for our neighbors and clients. The support we provide for organizations like Valley School — thanks to the EITC program — is a vital part of how we fulfill our overall mission…to help our neighbors and businesses within our communities realize their financial goals as a trusted partner and friend.