Educational Improvement Tax Credit

It's not often you get the opportunity to tell the government how to spend your tax dollars. The Educational Improvement Tax Credit program allows eligible Pennsylvania businesses to do just that. This program, administered by the Department of Community and Economic Development, provides millions of dollars in tax credits to eligible companies that contribute to qualified Educational Improvement, and/or Scholarship Organizations, such as The Ellis School.

Entities eligible to apply for EITC are operating businesses authorized to do business in the Commonwealth of Pennsylvania that are subject to one or more of the following 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; or Personal Income Tax of S corporation shareholders or Partnership partners.
  • Under the program, an eligible business may obtain Pennsylvania tax credits for 75 percent of its contribution to qualified Educational Improvement and/or Scholarship Organizations up to a maximum of $400,000 per taxable year.
  • This amount can be increased to 90 percent of the contribution if business agrees to provide same amount for two consecutive tax years.
  • The funds from these gifts are directed to need-based scholarships.
The EITC program is administered by the Pennsylvania Department of Community and Economic Development (DCED) on a first-come, first-served basis.

“As the world leader in serving science, Thermo Fisher Scientific is pleased to use the EITC program to support The Ellis School. In particular, we applaud the School’s efforts to engage girls and young women in STEM subjects, which aligns with our Foundation’s mission to inspire young people to pursue careers in science.”
Spencer Todd
Vice President of Business Development & Strategy, Customer Channels Group,
Thermo Fisher Scientific