Educational Improvement Tax Credit

The Educational Improvement Tax Credit program (EITC) allows companies that are doing business in Pennsylvania to redirect a portion of their state tax payments to approved scholarship organizations. The French International School qualifies as an approved scholarship organization.

This means that by contributing to our school, a company that pays certain Pennsylvania corporate taxes is eligible to receive a tax credit of either 75% (one-year commitment) or 90% (two-year commitment) of the donated amount. The net cost to a company is extremely low in comparison to the scholarship money the school receives. For example, by committing to a donation of $50,000 in each of two consecutive years, a company would qualify for a state tax credit of $45,000 each year, making the actual cash outlay $5,000 each year. Additionally, a federal tax deduction can be taken on the actual cash outlay. The application consists of a simple, one-page document.

For more information and to download the program guidelines and application, please consult the website of the Department of Community and Economic Development (www.newpa.com) and select the Funding and Program Finder. Or you may contact the Development Office at gallagher@efiponline.com.