EITC – Educational Improvement Tax Credit

PA Tax Credit Program - EITC

Educational Improvement Tax Credit

By establishing the Pennsylvania Educational Improvement Tax Credit (EITC) program, donors can receive up to a 90% tax credit against their personal PA state tax liability by making their gift through EPSF.

The Eastern Pennsylvania Scholarship Foundation (EPSF), in partnership with the Diocese of Allentown, is dedicated to ensuring that eligible* families have access to high-quality, values-driven private and faith-based education, empowering students with a positive and successful path for the future.

An individual or company who wishes to take advantage of this tax credit program may become a member of an EPSF Scholarship LLC. These special purpose entities (SPEs) are the only financial vehicle available for individuals (or companies who do not have direct tax credit approval) to realize tax credits in return for scholarship donations. 

This tax credit can offset the taxes of individuals who pay Pennsylvania income taxes and businesses authorized to do business in PA. Immaculate Conception Academy receives the most common donation of personal income tax, including Sub-chapter S-corporations and other “pass-through” entities. 

To join, an individual or company makes a two-year commitment (minimum of $1,000 per year), and the donations are sent directly to EPSF.
The LLC will then receive tax credits equal to 90% of the donation amount. These credits will be distributed to each donor
via K-1 form and then applied to your PA tax liability for the tax year the donation is made. 
*Scholarship Eligibility is based on income

Scholarship Allocation

As a valued participant in an EPSF SPE LLC, you can direct your donation to the school of your choice. By choosing Immaculate Conception Academy, you ensure that your tax dollars directly support ICA students, providing them with a faith-filled, high-quality education. Your generosity makes a real and lasting impact on our school community, empowering students to grow academically, spiritually, and socially.

EITC Recipient Family Voices

Interested in learning more or in making a gift to the Academy?  

Contact: Deb Petras,  Advancement Director

debra.petras@icaknights.org

Q – Are the income thresholds to receive EITC scholarships really low, or do they allow middle-income families to qualify as well?

A – Single child households can earn up to $132,122 per year and qualify for EITC scholarships. There is even an additional income allowance of $19,775 for each additional dependent child living in the household.