PA Tax Credit Programs
Hear from our Families: Impact of PA Tax Credit Programs
EITC and OSTC
Did you know that through the Pennsylvania Educational Improvement Tax Credit (PA EITC) and the Pennsylvania Opportunity Scholarship Tax Credit (PA OSTC), businesses and individuals in the Commonwealth can earn a tax credit for up to 90% of certain Pennsylvania taxes when they make a donation to a scholarship organization such as The Haverford School. Funds received under these programs provide direct support to our need-based tuition assistance program. Please consider making a Haverford experience possible for more qualified students through these powerful programs.
How do these programs work?
Tax credits are available on a first-come, first-serve basis for contributions to scholarship organizations such as The Haverford School. Credits may be applied against the tax liability for the tax year in which the contribution was made. Businesses and individuals may receive a tax credit equal to 75% of their contribution, up to a maximum of $750,000 per taxable year. Participants who agree to make a contribution to Haverford for two consecutive years may receive a tax credit equal to 90% of its contribution. In effect, it costs a dime to give a dollar!
Matt NierenbergMajor Gifts Officer
Businesses who have fulfilled their two-year commitment can reapply for a new two-year commitment.
Businesses in the middle of their two-year commitment can renew for a second year.
All other businesses including initial applicants can submit their applications.
The greatest gift I have ever been given is the opportunity to get an education like the one I am getting at Haverford. My life has been transformed entirely for the better. My greatest hope is that Haverford continues to receive support so more boys like me - boys just as worthy and deserving of this wondrous opportunity - can receive the same education, so more lives can be transformed. Jose Martinez '17