Interested in reducing your PA tax burden?
We can help. Adelphoi has been designated as an approved Educational Improvement Agency through the Educational Improvement Tax Credit (EITC) Program of Pennsylvania.
This means that your company can make a financial gift to us for our vocational education program while receiving a significant tax benefit. Through this program, you may be eligible to receive a 75% tax credit for a one‐time gift, or a 90% tax credit for a two‐year commitment.
As an example, if your company makes a donation of $10,000 a year for two years, you will receive $9,000 in tax credits each year. In addition, this gift may be further deductible on your Federal tax return.
Contributions may be cash, personal property or services. Businesses can donate up to $300,000 per year through this program. Eligible businesses include those that pay one of these six taxes:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Bank and Trust Company Shares Tax
- Title Insurance Companies Shares Tax
- Insurance Premiums Tax
- Mutual Thrift Institutions Tax
Donations through this program supports Adelphoi’s vocational education program, which offers at-risk youth the opportunity to prepare for independence by learning a trade or skill.
Application is simple, but demand for these credits exceeds availability, so Adelphoi can assist you in streamlining the process and increase your chances of receiving a credit.
For more information, or to proceed with the application process, please contact Karyn Pratt at 724-804-7106 or firstname.lastname@example.org.