Educational Improvement Tax Credits

Educational Improvement Tax Credits (EITC)

Help a child succeed in school 

EITC benefits both businesses and nonprofit scholarship/educational improvement organizations, like the North Penn United Way.  By participating, you can put your tax dollars to work supporting student success.
 
Eligible businesses can receive up to a 90% tax credit by donating to the North Penn United Way through EITC programs: Educational Improvement Opportunities (EIO) and/or Pre-K Scholarship Opportunities (PKSO).

The North Penn United Way relies on your EITC donations to:

Educational Improvement Opportunities (EIO)
- Provide innovative educational programs that enhance the school day curriculum and allow school aged children the opportunity to participate in enrichment programs after school.  Supporting programs like: After School Music Program (grades K-6); Kid-Writing (grades K-3); Photo-Documentary Program (grades K-9); iPad Math (grades K-9); and iPad Algebra (grades 4-9); in the North Penn and Souderton Area School Districts.

Pre-K Scholarship Opportunities (PKSO)
- Allows low-income children the opportunity to attend approved quality pre-K programs on scholarship and help children be ready for school by providing learning experiences that they would not otherwise have.  Children on scholarship attend: All My Children, Friendship House, Montgomery County Community College Children’s Center, North Penn YMCA, and Salford Mennonite Day Care Center. Approved quality Pre-K programs will be added as additional tax credit donations are received.  

Eligibility
If you are authorized to do business in the state of Pennsylvania and are subject to (one or more) of the following taxes, you are eligible to apply: Corporate Net Income Tax, Capital Stock Franchise Tax, Bank and Trust Company Shares Tax, Title Insurance Companies Shares Tax, Insurance Premiums Tax, Mutual Thrift Institution Tax, Insurance Company Law of 1921, or Personal Income Tax of S corporation shareholders or Partnership partners.

How to Apply
Eligible businesses can apply for EITC through the Department of Community and Economic Development’s (DCED) electronic single application system. CLICK HERE TO APPLY by July 1 for first-time application or by May 15 to reapply. Please note: EIO tax credits are extremely competitive. On time submission of applications is critical.

To learn more about EITC, how the North Penn United Way is using these credits in the North Penn and Indian Valley region, and information on how to donate to the North Penn United Way contact Kristin Brisbon at k.brisbon@npuw.org.