Corporate Giving: EITC Program

Pennsylvania Educational Improvement Tax Credit Program
If you own or work for a business that pays Pennsylvania state taxes, the company can earn tax credits by providing tuition assistance for deserving Abrams Hebrew Academy students.

Since 2001, the Educational Improvement Tax Credit (EITC) program has allowed eligible Pennsylvania businesses to receive tax credits for contributions to approved organizations, like Abrams Hebrew Academy. The program has been instrumental in Abrams mission to provide an affordable Jewish education to students from all socioeconomic backgrounds. EITC funds make financial support available to students who might otherwise be unable to attend Abrams, and it provides participating companies with state tax credits of up to 90% of their contribution to Abrams.

 

Pennsylvania’s Opportunity Scholarship Tax Credit Program

The OSTC program also provides tax credits to businesses that make contributions to approved organizations, like Abrams Hebrew Academy. The contributions provide tuition assistance in the form of scholarships to eligible students residing within the boundaries of a low-achieving school* to attend another public school outside of their district or nonpublic school. Like the EITC program, the OSTC program supports tuition assistance but it designates the scholarships to students from specific home districts.

*(A list of these schools is available at www.education.state.pa.us. Click on the Opportunity Scholarship Tax Credit Program icon to access this information.)

For more information please contact Rabbi Ira Budow or call 215-493-1800