PA State Tax Dollars Supporting FSS

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Qualified individuals now have the opportunity to take advantage of Pennsylvania State tax credits offered through the Pennsylvania Education Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) programs.These tax credits to support qualified scholarship organization like Friends Select School.

Eligible investors who commit to a contribution of at least $1,000 for two years may receive PA income tax credits of 90% of their investment.

The chart below is an example of how these tax credits can help both you and Friends Select School:

PA Taxable Income of Donor

$ 293,160

PA Tax of Donor

$ 9,000

Donated Amount

$ 10,000

PA State Tax Credit 90%

$ 9,000

Charitable Deduction 33%

$ 330

Cash Out from Donor

$ 10,000

Tax Savings

$ 9,330

Net Cost to Donor

$ 670




For more information, contact:

Christine Jefferson
chrisj@friends-select.org
Director of Development and Alumni/ae Relations
215.561.5900, extension 3141