EITC, OSTC & Friends Collaborative

You Can Make a Difference
Giving through Pennsylvania Tax Credits

The Friends Collaborative

West Chester Friends School is one of the founding members of The Friends Collaborative, a Special Purpose Entity LLC formed in 2016 to secure tax credits offered through Pennsylvania’s popular EITC and OSTC tax credit programs, in order to increase access to Friends education for all families of all backgrounds.

The Collaborative currently has twenty-one Quaker schools members plus the Friends Council on Education. One hundred percent of the tax credits go to scholarships.

What’s in it for me?

You can direct all or some of your PA state income tax liability to WCFS. We will use your gift to provide critical financial aid to students in need.
You will receive a tax credit equal to 90% of your contribution to The Friends Collaborative. In addition, you may be able to claim a federal income tax deduction. Together, these benefits make a large gift very inexpensive to make.

How does it work?

You agree to make a contribution to The Friends Collaborative roughly equal to your anticipated state annual income taxes for two consecutive years. You receive a tax credit each year for 90% of the amount of your contribution (roughly the amount of your anticipated taxes).
The Friends Collaborative sends you a K1 tax form allocating the state income tax credits to you and distributes the funds to WCFS and other member schools.

For more information, watch this two-minute video

 

What’s next?

Please contact Kim Walters, Director of Development, at 610-696-2839 or [email protected], to discuss your involvement in an upcoming round of funding.

More information is available at The Friends Education Equity Collaborative

 

Giving through Pennsylvania Tax Credits

Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs

An alternative for businesses, partnerships and S-corp shareholders is to participate in either of the State programs.

Click here for information about the Educational Improvement Tax Credit Program

Click here for information about the Opportunity Scholarship Tax Credit Program

 

Open and download the EITC flyer for more information on this program!