Pennsylvania Educational Improvement Tax Credit (EITC) Program 2017-07-18T13:59:47+00:00

Thank You to Our 2016-2017 EITC Donors

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Phoenixville Community Education Foundation (PCEF) has been approved by the PA Department of Community and Economic Development (DCED) as both an Educational Improvement Organization (EIO) and a PreK Scholarship Organization (PKSO).

Why donate to PCEF through EITC?

Because it is a win/win situation!  By making a tax deductible donation to PCEF through the EITC program, not only do you receive a reduction in your tax liability, but your company is making a positive impact in the community by supporting the innovative educational programs in the Phoenixville Area School District and/or providing our financially disadvantaged families with assistance in obtaining a quaility preschool education for their children.

Businesses making an EIO donation may be eligible to receive a tax credit of 75% for a one year commitment or 90% for a two year commitment.  Eligible companies may take up to $750,000 in tax credits per fiscal year.

Businesses making a PKSO donation may be eligible to receive a tax credit equal to 100% of the first $10,000 contributed and up to 90 percent of the remaining amount contributed up to a maximum credit of $200,000 annually.

Who qualifies?

Corporations who pay one or all of the following taxes qualify to participate in the EITC program:

  • Personal Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Corporate Net Income Tax
  • Bank Shares Tax
  • Title Insurance & Trust Company Shares Tax
  • Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
  • Mutual Thrift Tax
  • Malt Beverage Tax
  • Retaliatory Fees under section 212 of the Insurance Company Law of 1921

When do you apply?

The deadline to submit your application for the EITC program is July 1, when making a one year commitment.  For two year applicants, the deadline is May 15.  Applicants are required to submit applications electronically.  Guidelines are available at the DCED website.

If you have any questions about this program click here or on the information below and contact Sharon Bauer,  at 610-933-5911 or sbauer@pcefonline.com.

Thank you to our 2016-2017 EITC Donors

Thank you to our 2015-2016 EITC Donors

Thank you to our 2014-2015 EITC Donors