EITC, OSTC & Friends Collaborative
You Can Make a Difference
Corporate Giving through Pennsylvania Tax Credits
Tax Credits for Tuition Aid Supporting WCFS
Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs enable businesses, partnerships and S-corp shareholders to reduce their Pennsylvania state tax liability — up to $750,000 per year — and gain a charitable giving deduction on Federal taxes by making a donation to support need-based scholarships for worthy students at West Chester Friends School.
1. How to Participate
Decide which program is the best fit for your organization. You can find program information on the EITC and OSTC pages on the Department of Community and Economic Development (DCED) website or contact Pam Sapko at WCFS with questions.
2. Apply online via the link on the DCED Single Application page. Register for a login if you don’t already have one and complete the one-page online application for either the EITC or OSTC program. Please note: You will be asked to select either EITC or OSTC in this application; and, in addition, if your first choice is unavailable, whether you would like apply for the other program. Please answer YES to this question. There is virtually no difference from the business’ perspective. WCFS qualifies for both programs. Here is the business online application guide.
3. Upon receipt of your approval letter from the DCED, you have 60 calendar days from the date of that letter to make a contribution to West Chester Friends School.
Send your check to:
West Chester Friends School
415 N. High St
West Chester, PA 19380
4. An acknowledgement will be sent upon receipt of your check. Mail a copy of the acknowledgement with the completed form that arrived with your approval letter to the PA Department of Revenue within 90 days of the date of your approval letter.
If you have more questions about the EITC or OSTC programs, please contact our Director of Development, Pam Sapko, at 610-696-2839.
The Friends Collaborative
The Friends Education Equity Collaborative (FEEC) Tax Credit Program for Individuals and Businesses
INCREASING ACCESS TO INDEPENDENT QUAKER SCHOOLS FOR MORE FAMILIES
West Chester Friends School is one of the founding members of The Friends Education Equity Collaborative, a Special Purpose Entity LLC formed in 2016 to secure tax credits offered through Pennsylvania’s popular EITC and OSTC tax credit programs.
The EITC and OSTC programs were previously only open to corporate donors, but with the formation of organizations like The Collaborative, qualified individuals have the opportunity to receive tax credits while supporting schools like WCFS.
The purpose of The Collaborative is to foster the growth of Quaker Education by providing funding that makes a Quaker education accessible for more families. The Collaborative is currently comprised of twenty-one Quaker schools and the Friends Council on Education. Since 2016 the Collaborative has received and disbursed to its member schools over $4 million, providing tuition aide to hundreds of students at those schools.
This is a game changer for some small Friends schools in our area, including WCFS.
What’s in it for me?
You have the ability to direct all or some of your PA state income tax liability to WCFS. Our school 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 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 Collaborative roughly equal to your anticipated state annual income taxes plus 10%, 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 Collaborative distributes the funds to WCFS and other member schools. The Collaborative then sends you a K1 tax form allocating the state income tax credits to you.
I am considering it for my business.
Great news! If your business has PA state tax liability over $3000, tax credits are available to your business as well.
Am I qualified to participate?
You may qualify if you meet the following criteria:
PA Tax Liability: You have at least $3,000 in PA tax liability annually.
I’m qualified. What next?
Please contact Pam Sapko, Director of Development, at 610-696-2839, to discuss your involvement in an upcoming round of funding. Please note, The Collaborative seeks participants with a tax liability of $3,000 or more who are willing to participate for two years.
The Collaborative identified the following two individuals as points of contact to answer questions.
Jeff Markovitz: cell, 267-872-9721; email, email@example.com
John Gilliland: cell, 484-919-0282; email john@thefriendscollaborative.
More information is available at The Friends Education Equity Collaborative