Gifts for Tax Credit

All gifts made to West Catholic Prep are eligible for federal tax deductions.

The State of Pennsylvania also offers wonderful opportunities for businesses to receive substantial tax credits for gifts made to educational institutions such as West Catholic Prep. The Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) are two programs that allow you to receive tax credits of up to 90% of the donation made by giving through your business.

Why Designate your Tax-Dollars to West Catholic Prep?
Not sure if your business would be eligible? The following businesses currently support PA private schools through the EITC/OSTC Program, many that designate West Catholic Prep for their dollars:

A.T. Chadwick Co., Inc.
ACE American Insurance Co.
Alliance Environmental Systems, Inc.
The American Ireland Fund
Ametek
Answering Service Dispatch, Inc.
AON Consulting
ARAMARK
Atlantic Medical Specialties, Inc.
Austill’s Rehabilitation Services, Inc.
B&I Auto Supply, Inc.
B. Pietrini & Sons
Bayada Nurses
Beneficial Bank
Bentley Systems, Inc.
Berwind Corporation
BGM Advisors Corp.
Brandywine Operating Partnership, LP
Brandywine Realty Trust
Bryn Mawr Trust, Co.
Burns Engineering, Inc.
Capital Solutions, Inc.
Carr & Duff, Inc.
The Charles & Barbara Close Foundation
Coca-Cola Refreshments
Communications Test Design, Inc.
Community Counseling Service Co., LLC
Connelly Foundation
Cozen O’Connor
Creative Financial Group
Daniel J. Keating Company
Delaware Valley Surgical Supply
DNB First
Double H Manufacturing Corp.
Duane Morris, LLP
ECBM, LP
Elan Drug Deliveries, Inc.
Elliott-Lewis Coporation

The Estate of Alice Woodward
Fiberline
First Niagara
First Resource Bank
Fleming & Van Metre Advertising, Inc.
Flynn & O’Hara
Focus Express Mail Pharmacy
Fred Beans Holdings, Inc.
Fujirebio Diagnostics
The Graham Company
Greenwich Terminals, LLC
Mr. & Mrs. Edward Hanway
Herman Goldner Co., Inc.
Holt Logistics, Inc.
HSC Builders & Construction Managers
Independence Blue Cross (KHPE)
INTECH Construction, Inc.
JP Morgan Chase Foundation
Keystone Screw Corp.
L.F. Driscoll Company, LLC
Land Services USA, Inc.
Lincoln Investment
Liquidnet Holdings, Inc.
Macadam Company, Inc.
The Maguire Foundation
Manager, Comm. Relations
Mr. Brian McElwee
McMaster-Carr Supply Company
MDWC&G
Merit Metal Products Corporation
Metro Beverage of Philadelphia, Inc.
Murray, Devine & Co., Inc.
The Musser Group
The Mutual Fire Foundation, Inc.
Navmar Applied Sciences Corporation
New Vitae, Inc.
The Norwood Company
NutriSystem, Inc.Fastener Systems, Inc.

O’Donnell & Naccarato, Inc.
O’Neill Hector, LLC
Pacifico Ford
The Paul E. Kelly Foundation
PECO
Pennsylvania Machine Works, Inc.
Pepper Hamilton, LLP
The Philadelphia Foundation
PNC Bank, NA & Subsidiaries
Port Richmond Savings
Porter & Curtis, LLC
Preferred Sands
PRN
PTR Baler & Compactor Co.
Quaint Oak Bank
RWI Advisors Corp.
Mr. Donald Saleski
SHIRE
SKF USA, Inc.
Stainless Plate Products, Inc.
Stainless Processing, Inc.
Sterling Services, Inc.
Stradley Ronon Stevens & Young, LLP
Susquehanna Bank
Swartley Bros. Engineers, Inc.
The Dezzi Group
Tri-State Technical Sales Corporation
United States Liability Insurance Group
Universal Health Services, Inc.
Valley Forge Investment Corp.
Veltek Associates, Inc.
Villanova University
ViroPharma Incorporated
VIST Financial
Waste Management

EITC Program Details

A gift to West Catholic Prep can provide your company with a substantial tax credit through the Pennsylvania Educational Improvement Tax Credit Program (EITC). By making a contribution to West Catholic Prep, a company can receive PA State tax credits equal to 75% of its contribution up to a maximum of $400,000 per taxable year. This can be increased to 90% of the contribution, if a company agrees to provide the same amount for two consecutive tax years. Your support of West Catholic Prep through the EITC Program will help in the School’s efforts to make its educational experience available to the most capable students regardless of their financial circumstances.

Who is eligible?

Businesses authorized to do business in Pennsylvania who 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 Institution Tax; or Personal Income Tax of S corporation shareholders or Partnership partners.

How do I participate?

Simply apply to the Department of Commerce and Economic Development (DCED) for the Educational Improvement Tax Credit Program (EITC). The online application and further details of the program are available on the web – click here for more information.

Changes to the EITC

Starting this year, the total budget for the EITC was increased to $100 million and a few changes were made to the application process. The maximum gift amount has been raised from $300,000 to $400,000 per year. The application deadlines have been consolidated so that all businesses, including s-corps, can apply starting on July 2nd.

OSTC Program Details

A gift to West Catholic Prep can provide your company with a substantial tax credit through the Opportunity Scholarship Tax Credit (OSTC). By making a contribution to West Catholic Prep, a company can receive PA State tax credits equal to 75% of its contribution up to a maximum of $400,000 per taxable year. This can be increased to 90% of the contribution, if a company agrees to provide the same amount for two consecutive tax years. Your support of West Catholic Prep through the OSTC Program will help in the School’s efforts to make its educational experience available to the most capable students regardless of their financial circumstances.

Who is eligible?

Businesses authorized to do business in Pennsylvania who 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 Institution Tax; or Personal Income Tax of S corporation shareholders or Partnership partners.

How do I participate?

Simply apply to the Department of Commerce and Economic Development (DCED) for the Opportunity Scholarship Tax Credit Program (OSTC).The online application and further details of the program are available on the web – Click here for more information.

How is the OSTC different from the EITC?

The EITC provides tax credits for gifts given in support of financial aid students while the OSTC more specifically provides support for financial aid students from low-achieving school districts.These are districts with public schools that perform in the bottom 15% of Pennsylvania schools.The OSTC provides qualified students within these districts with opportunities to receive a quality education from top level institutions.The budget and application for the OSTC is separate from the EITC, meaning businesses may apply for both programs within a given year.

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