PA Tax Credit Programs

Turn Your Tax Dollars into Scholarships

Through Pennsylvania's state tax credit programs, individuals and businesses can provide financial aid scholarships to help students attend TQS, and receive a PA tax credit for up to 90% of their contribution amount!

Thank you for all you do for the students and the parents. It takes a village. Your time and efforts are greatly appreciated. - Alumni Parent

Friends Collaborative

Through TQS' membership in the Friends Collaborative, individuals and businesses in Pennsylvania can participate in the EITC program by making a minimum contribution of $3,000 per year for two consecutive years to support tuition assistance at TQS and fellow Quaker schools. In turn, participants receive a PA state tax credit for 90% of their contribution amount. TQS receives at least 75% of every contribution from TQS donors, and the remainder supports scholarships at other Quaker schools in our area.

An example: A $10,000 Friends Collaborative gift to support tuition assistance results in a $9,000 tax credit -- making this truly a win-win for donors and TQS students!

Educational Improvement Tax Credit (EITC)

The Commonwealth of Pennsylvania offers a unique opportunity for businesses in the state to reduce tax liability by contributing to registered scholarship organizations like TQS. Through the EITC Program individuals and businesses support scholarships at TQS and then receive a dollar-for-dollar tax credit for up to 90% of the contribution for a two-year commitment, or up to 75% of the contribution for a one-year commitment.

Opportunity Scholarship Tax Credit (OSTC)

The OSTC program provides funding to organizations to distribute in the form of scholarship awards to eligible students and families residing within the attendance boundary of a low-achieving public school. The scholarship awards allow eligible students to attend a private school outside of their district of residence.

I Want to Learn More

Frequently Asked Questions

How can I participate in the Friends Collaborative?

Opportunities to participate in the Friends Collaborative arise at unpredictable times, as the Collaborative is approved for new or renewed credits from the state of Pennsylvania and then must fill those credits within 60-days. The Development office at TQS will spread the word among the TQS community when such opportunities arise -- but in the meantime, it's very helpful to know who may be interested so that we can act quickly when credits become available.

Friends Collaborative tax credits are in high demand, and TQS is actively adding donors to a wait list in anticipation of new opportunities to participate. If you are interested in being added to the wait list, or are interested in learning more, please contact the Development Office at development@quakerschool.org.

What is the timeline for applying for EITC and OSTC?

Is my business eligible to participate in EITC and OSTC?

If your business is authorized to operate in Pennsylvania and pays one of the following taxes, you can register to be eligible for the Pennsylvania Educational Improvement Tax Credit Program (EITC) and the Pennsylvania Opportunity Tax Credit (OSTC).

Corporate Net Income Tax
Capital Stock Franchise Tax
Bank and Trust Company Share Tax
Title Insurance Companies Share Tax
Insurance Premiums Tax
Mutual Thrift Institutions Tax
Personal tax of S corporation shareholders or Partnership partners

How can my business apply to EITC and OSTC?

EITC

The single application is now available online from the Pennsylvania Department of Community and Economic Development. This business application guide provides further information on the program as well as guidelines for filling out the application form.

OSTC

Pennsylvania businesses can apply for Opportunity Scholarship Tax Credits through DCED's electronic single application system. The business application guide explains the process for applying.

Tax credit applications for both programs will be processed on a first-come, first-served basis by day submitted, so please submit your application on the first day your business is eligible. All applications received on a specific day will be processed on a random basis before moving on to the next day's applications. Applications will be approved until the amount of available tax credits is exhausted.