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 $224,000 was awarded to deserving students in the 2018-2019 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
NexTier Bank
Orthopedic & Sports Physical Therapy Associates, Inc.
OSPTA Homecare & Hospice, LLC.
PNC Financial Services Group
Reparex, Inc.
Robindale Energy
Swank Associated Companies, Inc.
UPMC Health Systems

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 go directly to fund scholarships at Valley School of Ligonier. Valley School’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, economic, and racial mix. At Valley School, the need for financial aid continues to increase each year. Since its inception at Valley School, the EITC program has generated more than $2,200,000 to support approximately 49% of our student population.
  • Q. How do I apply?

    Pennsylvania businesses can begin applying for EITC credits through DCED’s electronic single application system. 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). The application process is ran on a first-come, first-serve basis. For more information, visit the state website or call 1-866-466-3972.

Questions?

For more information about how your company can benefit or for questions regarding the application process, contact our Director of Development, Michelle Smith at msmith@valleyschoolofligonier.org or call 724.238.5028

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.