PA Tax Credit for Business Donors


EITC/OSTC

Many corporate donors take advantage of a unique opportunity to support Merion Mercy’s scholarship program through Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs. Other business donors, who pay Pennsylvania state income tax, may also be eligible for these generous tax credits. One-time donors receive a Pennsylvania tax credit of 75%, and donors who commit to two-consecutive-year gifts qualify for a 90% tax credit. These programs are available to a wide variety of corporate entities.

It is easy for your business to participate.

First, your company needs to submit their application electronically to the Department of Community and Economic Development (DCED ) at this link: https://www.esa.dced.state.pa.us/login.aspx.

Online submissions are new this year. All EITC and OSTC are now streamlined into a single electronic application.
Paper business applications will no longer be accepted.

For a step-by-step guide to the online submission of the Single Application for Assistance, go to Business Application Guide.

Once the state approves your application, the corporation needs to make their gift to MMA within 60 days. Each year, a finite amount of tax credits are made available, and tax credits are awarded to businesses on a first-come, first-served basis.

For question or more information, please contact our Director of Annual Giving, Alexandra Litvinas with any questions at 610-664-6655 ext. 126 or email alitvinas@merion-mercy.com, or go to www.newpa.com/EITC or www.newpa.com.OSTC.

The following companies are supporters of the MMAnnual Fund through the Educational Improvement Tax Credit Program:

 Carrlu Company, Inc.
Construction Services Group LLC
Elliott-Lewis Corporation
Daniel J. Keating Company
J.P. Mascaro & Sons Education Fund
Math-U-See DBA Demme Learning
First Niagara Bank
Philadelphia Insurance Companies
Suburban Wholesale Lighting

The following companies are supporters of the MMA Annual Fund through the Opportunity Scholarship Tax Credit Program:

Brown Brothers Harriman & Co.
The Bryn Mawr Trust Company
Chancellor Associates, LP
Maguire Enterprises L.P.
Manufacturers and Traders Trust Company
Mycone Dental Supply Co, Inc.
NorthWind, LLC
Philadelphia Insurance Companies
UGI Storage Company
UHS BHC Holdings, Inc.
UHS of Pennsylvania, Inc.

 

Please click here for more information on the process and what businesses quality for these tax credits.



 

An independent, Catholic, all-girls college preparatory high school for grades 9-12
Merion Mercy Academy
511 Montgomery Avenue Merion Station, PA 19066
P (610) 664-6655
F (610) 664-6322
powered by finalsite