Educational Improvement Tax Credit Program (EITC)
Cheltenham School District Foundation is approved by the PA Department of Community and Economic Development (DCED) as an Educational Improvement Organization (EIO), which allows our organization to accept Pennsylvania Educational Improvement Tax Credit (EITC).
Being part of EITC allows for your business to get credit as you contribute to the education of Pennsylvania’s schools systems.
FAQs for Giving through EITC
1. What is the EITC?
Tax credits to eligible businesses contributing to a Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization.
2. What is the benefit of donating to the CSD Foundation through EITC?
Making your tax deductible donation to the CSDF through the EITC program gives you tax credit for your donation ultimately benefits Cheltenham students.
Tax credits equal to 75 percent of its contribution up to a maximum of $750,000 per taxable year. Can be increased to 90 percent of the contribution, if business agrees to provide same amount for two consecutive tax years.
3. Can my company participate in this opportunity?
Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
4. Do I have to apply?
Yes. You can find the application on the www.newpa.com website.
The business application guide explains the process of applying.
There is no better organization to invest your funds than the Cheltenham School District Foundation.
EITC and the NPSD Educational Foundation
Send a Letter:
Commonwealth Keystone Building
400 North Street, 4th Floor
Harrisburg, PA 17120-0225
Once you read the Guidelines and Application Guide you can move forward and begin the application process.
Cheltenham School District Foundation