Individuals

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 taxpayers 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

Individuals can apply for the EITC and OTSC programs if the following criteria are met:

Be employed by or own a for-profit company; file taxes jointly with a spouse who is employed by or owns a for-profit company; or own publicly traded stock in a business that operates in Pennsylvania
Earn a minimum of $115,000 in state taxable income and
Have a state tax liability of $3,500 or more, either individually (filing individually) or with your spouse (filing jointly)

2. Get Started

Email [email protected] to request a Joinder Agreement. Notify Falk of your intent to give by emailing Laurie Hess, Manager of Constituent Relations, at [email protected].

2. Complete a Joinder Agreement

Complete the one-page Joinder Agreement in the fall. Indicate the amount of your capital contribution ($3,500 minimum) and designate Falk Laboratory School as the recipient.

3. Make a Contribution

The Central PA Scholarship Fund (CPSF) will send you a copy of your award letter and request a capital contribution for the current tax year. All contributions must be made by the date provided by the CPSF.

4. Receive Tax Credits

All paperwork is handled by the CPSF. By March 15, you will receive:

Pennsylvania RK-1: used for 90% tax credit on PA State Income Tax Return
Federal K-1: used for 10% charitable donation deduction on Federal Income Tax Return
PA Department of Revenue Form 1123: Educational Improvement/Opportunity Scholarship Tax Credit Election Form

5. Give the Gift of Learning

Falk will receive 100% of your contributions for tuition assistance in the next school year.

A wonderful way to provide funding for a scholarship so that others can take advantage of something that we feel so fortunate to have found for our own children

—Adam Falcone, Falk parent & EITC contributor

In Support Falk