Education Improvement Tax Credit (EITC) Program

We are proud to announce that the Insight PA Education Foundation has been recognized as an Educational Improvement Organization (EIO) by the Pennsylvania Department of Community and Economic Development (DCED) for our Professional Success Program. This designation allows businesses to support our innovative educational initiatives while receiving substantial tax benefits through the state’s Educational Improvement Tax Credit (EITC) program.

About the Professional Success Program

By contributing to the Insight PA Education Foundation under Pennsylvania’s Educational Improvement Tax Credit (EITC) program, businesses can receive significant tax benefits. Eligible businesses may obtain a tax credit equal to 75% of their contribution, up to $750,000 per taxable year. This credit increases to 90% if the business commits to the same contribution for two consecutive years.

How to Participate:

  1. Eligibility: Businesses authorized to operate in Pennsylvania and subject to certain state taxes, such as the Corporate Net Income Tax and Capital Stock Franchise Tax, are eligible to apply.
  2. Application Process:
    • Timing: Applications are typically accepted starting July 1st each year. Due to limited tax credits, early submission is advisable.
    • Submission: Applications must be submitted electronically through the Pennsylvania Department of Community and Economic Development’s (DCED) Single Application for Assistance portal.
      dced.pa.gov
  3. Contribution:
    • Upon approval, businesses have 60 days to make the contribution to an approved Educational Improvement Organization (EIO), such as  Insight PA Education Foundation.
    • An acknowledgment of the contribution will be provided by Insight PA Education Foundation, which the business must submit to the DCED within 90 days of the approval to receive the tax credit.

Next Steps:

  • Consultation: Speak with your tax advisor to understand how the EITC program can fit into your tax planning strategy.
  • Application: Visit the DCED website to access application materials and detailed guidelines. dced.pa.gov

Contact Us: For assistance or more information about contributing to the Insight PA Education Foundation, please contact [email protected].

By participating in the EITC program, your business can make a meaningful impact on students’ lives while receiving significant tax advantages. We appreciate your consideration and support for our mission to provide innovative educational opportunities.

Resources: 

Educational Improvement Tax Credit Program Business Guidelines and Applications

Frequently Asked Questions