Pennsylvania EITC

Businesses Can Direct State Taxes to Scholarships

Click here for a copy of the EITC documents.To participate for 2008-09, you must complete and fax your application to 717-772-3581 by June 30, 2009.

For the past five years The Swain School has participated in a state tax credit program established by the Pennsylvania Department of Community and Economic Development.

The Educational Improvement Tax Credit (EITC) program allows businesses and corporations in the Commonwealth to substitute up to $200,000 per year of business tax, and earmark those funds for scholarships for children to attend independent or religious schools approved by the state.

This is an opportunity for businesses to support educational institutions with contributions, while experiencing a state tax benefit when doing so.

Last year, 16 companies contributed more than $239,000 to the Lehigh Valley Independent School Scholarship Program (LVISSP) – a joint venture between The Swain School and Hillside School. Swain’s share of $119,000 was used for scholarships for 36 children who otherwise would not have been able to attend.

For more information on how your business might participate in this exciting program, please contact Judy Skinner, Director of Development, at 610-433-4542, ext. 118 or at development@swain.org.