EITC & OSTC Programs

EITC Program

The Washington County Community Foundation created three pass-through funds to accept contributions from the Commonwealth’s Educational Improvement Tax Credit (EITC) Program:

• EPK Fund – Awards scholarships to needy families for qualifying pre-school (pre-kindergarten) programs.
• ESO Fund – Awards scholarships to needy families for non-public kindergarten through grade 12 programs.
• EIO Fund – Awards grants to innovative educational programs at area public schools.

Businesses are encouraged to review the EITC Business Guidelines to verify that they are eligible. To apply for the credit, businesses must submit the DCED's Single Application for Assistance. If credits are available, DCED will send an approval letter to the company. The company then has 60 days to make the donation and 90 days to send proof to DCED.

OSTC Program

The Washington County Community Foundation has also been approved as a K-12 Opportunity Scholarship Organization through the Pennsylvania Department of Community & Economic Development’s Opportunity Scholarship Tax Credit (OSTC) Program.

This designation enables Pennsylvania corporations to make contributions to the WCCF and receive tax credits of up to 90% of the contribution.

Authorized Pennsylvania businesses subject to one or more of the following taxes are eligible:

• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank & Trust Company Shares Tax
• Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institution Tax
• A Tax under Article XVI of the Act of May 17, 1921 (Insurance Company Law of 1921), which includes the Personal Income Tax of S corporation shareholders or Partnership partners

Through the Community Foundation’s EOS Fund, scholarships will be awarded to financially needy students, as determined by state income guidelines, who reside within the boundary of a low-achieving school to attend a participating nonpublic school or a participating public school outside of the recipient’s school district of residence. “Low-achieving schools” are defined as a public elementary or secondary school in Pennsylvania ranking in the bottom 15 percent of their designation as an elementary or secondary school based upon combined math and reading PSSA scores.

Individual scholarship amounts will be determined by the total value of contributions received relative to the number of qualified student applicants.

Control Your Tax Destiny: Using Corporate Tax Credits In Your Community

The WCCF's Control Your Tax Destiny seminar was designed to explain the Commonwealth’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs. Seminar attendees heard from a distinguished panel of local and regional experts including:

• Ali Doyle, Economic Development Consultant, PA DCED
• John Milinovich, CPA, CFO, Washington Financial
• Christopher Claspy, Vice President, Northwest Savings Bank
• Dr. Roberta DiLorenzo, Superintendent, Washington School District
• Don Militzer, Principal, Madonna Catholic Regional School
• Edward Morascyzk, Esq., WCCF Chairman of the Board

Handouts from the Control Your Tax Destiny Seminar:

Please contact us at (724) 222-6330 to learn more about how your company can benefit from participating in our EITC and OSTC programs.