Corporate Giving through the PA Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) Programs
Does your business pay taxes in Pennsylvania? By making a gift to Falk Laboratory School, you can reduce your tax burden while supporting students who would otherwise be unable to afford an independent school education.
The Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) programs are administered by the Pennsylvania Department of Economic and Community Development. Eligible businesses can earn tax credits by donating to Falk’s scholarship program. Falk uses EITC and OSTC funds to provide tuition assistance in the form of scholarships to financially deserving students, which in turn helps Falk achieve its mission of being an inclusive, equitable, and diverse learning environment.
EITC/OSTC Application Process
1. Determine Eligibility
Mid-May to renew, or early July as a new applicant. Businesses can apply for EITC and OSTC through DCED's electronic single application system by visiting https://www.esa.dced,state.pa.us/Login.aspx
3. Get Approved by the State
Tax credits applications are processed on a first-come, first-served basis. Applications will be approved until available tax credits are exhausted.
4. Make a Contribution to Falk
Make a contribution to Falk within 60 days and report back to the DCED within 90 days.
5. Receive Tax Credits
The amount of credit depends on the amount of the contribution and whether the applicant makes a one or two-year commitment.
For estimation purposes only; please consult with your tax professional.
Did You Know?
Falk serves as a training site for future teachers and hosts area researchers. By supporting Falk through the EITC/OSTC programs, you are contributing to their work, which enhances the knowledge of educators across Allegheny County and the Commonwealth more broadly.
The EITC really works for schools and companies. FCC Assets Management, Inc. has been involved as a contributor to the PA EITC program almost since its inception approximately eight years ago. We apply each year for an allocation and plan to do so next year as well. Assuming another allocation, we would like nothing better than to be able to give to Falk.
-Terry Lerman, Owner, FCC Asset Management, Inc.
Thank you to our EITC/OSTC Supporters!
- The Buncher Company
- Comcast Corporation
- The Shriber Family
- First Capital
- Corporation, Inc*
- The Lerman Family
- NexTier Bank
- PNC Bank, NA
- UPMC Health Plan
*Indicates a Falk parent–owned company