"Thank you for your generosity in contributing to my success."
A Middle School Student
The Children’s Tuition Fund of Pennsylvania appreciatively accepts contributions from private individuals, foundations, and corporate contributors. Corporate contributors may receive tax credits in the state of Pennsylvania under certain circumstances.
Pennsylvania Department of Community and Economic Development (DCED and Educational Improvement Tax Credit (EITC) Information
2012 Business Guidelines and Application for EITC Pre-K and K–12 available in early April
ACSI Guidelines for Completing EITC Applications
Frequently Asked Questions
Is my company eligible to apply for Education Improvement Tax Credits?
How much is the Pennsylvania EITC credit?
Are donations made to the Children's Tuition Fund of Pennsylvania also deductible on Federal taxes?
How does the Children's Tuition Fund of Pennsylvania operate?
What percentage of my donation is retained for administration?
How does my company apply for the Pennsylvania Education Improvement Tax Credit?
When should my company apply?
Whom do I contact with questions regarding making a donation?
Is my company eligible to apply for Education Improvement Tax Credits?
Your company is eligible to apply for EITC credits if the company pays any of the following Pennsylvania taxes:
- Capital stock and franchise tax
- Corporate net income tax
- Mutual thrift institution tax
- Title insurance companies shares tax
- Title insurance premium tax
- Bank and Trust company shares tax
- Subchapter S-corporations and other "pass-through" business entitites
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How much is the Pennsylvania EITC credit?
Companies, if approved by the DCED, receive a 90% tax credit for committing to two years of giving. A 75% tax credit is approved for one-year commitments.
Are donations made to the Children’s Tuition Fund of Pennsylvania also deductible on Federal taxes?
Yes, the Children’s Tuition Fund is a 501(c)3 tax-exempt organization and is eligible for charitable deductions on a business' federal tax return.
How does the Children’s Tuition Fund of Pennsylvania operate?
The Fund operates in two distinct roles:
- Undesignated donations: Scholarship dollars may be donated to the general undesignated fund. These donations are used to provide financial need-based tuition assistance to all eligible applicants from Pennsylvania ACSI member schools. Scholarships awarded from this category are limited to the neediest of families. This is accomplished by setting financial eligibility at the Federal government guidelines for the free and reduced lunch program. This process has been adopted as a biblical pattern of each was given according to his need as recorded in the book of Acts.
- Designated donations: Scholarship dollars may be donated with a designation for an approved Christian school. These dollars are passed on to the designated Christian school to be used for tuition assistance based on approved guidelines submitted to the Children’s Tuition Fund of Pennsylvania.
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What percentage of my donation is retained for administration?
The ACSI directors are deeply committed to providing tuition assistance for needy families and to providing this service for its member schools. They have therefore approved only 5% of donations be retained for scholarship administration. Any balance needed for administration is absorbed by ACSI.
How does my company apply for the Pennsylvania Education Improvement Tax Credit?
Application for Education Improvement Tax Credits
When should my company apply?
First-year business applications are accepted by the DCED beginning July 1 of each year. Credits are very competitive, making it necessary for businesses to submit applications on July 1.
Second-year renewal applications must be submitted to the DCED May 15–June 30 on renewal years to be assured of a tax credit approval.
Whom do I contact with questions regarding making a donation?
Dr. David Hegedus, Program Coordinator
ACSI, Children’s Tuition Fund of PA
845 Silver Spring Plaza, Suite B
Lancaster, PA 17601
717.285.3022
Email
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