TAX CREDITS FOR SCHOLARSHIPS (EITC)
– FOR PENNSYLVANIA BUSINESSES

If your business or company pays Pennsylvania Corporate Income Tax or certain other state business taxes, you can donate to the Frankford Friends School Scholarship Fund in lieu of paying up to $300,000 in Pennsylvania business taxes.

New for 2008-09: Sub-S Corporations and Partnerships can now participate fully in the tax credit program! Tax credits will flow through to shareholders’ or partners’ personal income tax returns.

Combined with federal tax savings, the cost of donating can be close to zero. That’s because this is a tax creditnot a deduction. At almost no cost, your company can help make a Frankford Friends education available to a local low-income family.

Click here to download* a brochure describing this program and an application.
For more information, please email or call Amy O’Leary, Director of Development, at 610-917-2222.

 

*You need to use Acrobat Reader to download the brochure, which is a PDF. Click here for a free version of Acrobat Reader.