Businesses

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.

1. Determine Eligibility

Determine if your business qualifies for the program by visiting newpa.com/EITC and newpa.com/OSTC

2. Apply

Businesses apply in mid-May for renewals and early July for new applicants. Visit the DCED electronic single application system to get started: https://www.esa.dced.state.pa.us/Login.aspx

3. Get Approved

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

Make a contribution to Falk within 60 days and report back to the DCED within 90 days.

5. Receive Tax Credits

Tax credits are equal to 75% of the value of the contribution up to the maximum of $750,000 per taxable year. Credits can be increased to 90 percent of the contribution if your business agrees to provide the same contribution for two consecutive tax years.

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