EITC

Education Improvement Tax Credit Program / EITC
 

Tuition Assistance through the STAR Foundation

The Education Improvement Tax Credit Program (EITC) is a unique program that allows PA businesses to make a charitable gift based on the amount of state taxes it pays. In return, the business receives a 90% tax credit. A gift of $10,000 to Saint George School earns a $9,000 tax credit for the business.  Moreover, the gift can then be claimed on the business’s federal tax return. Thus, a gift of $10,000 to SGS will cost your business less than approximately $75.00.

This year, the state of PA has extended this program to more businesses - all Subchapter S Corporations, LLC, Limited Partnerships, and General Partnerships can participate in the program.

Currently, all tax credit gifts made to SGS are funneled through the Diocese’s scholarship program called the STAR Foundation.  A company must designate Saint George School as the recipient of the gift.  Any gifts that are restricted for Saint George School will benefit our students directly.  This fund provides numerous students with financial aid in the form of scholarships to Saint George School.  It puts a SGS education within reach of families who otherwise might not be able to afford one.

Please consider partnering with Saint George School to direct some of your business tax dollars to this program.

Though the State puts limits on this program, there are currently millions of dollars that could be allocated to Saint George School.  The more businesses that participate in this program, the more affordable SGS becomes to families.

If you would like more information or have questions regarding the ETIC Program, please contact SGS as soon as possible, and ask for Elizabeth Fehr, Advancement Director, 814-864-4821 x 277 or visit the PA School Choice online at http://www.paschoolchoice.org/reach/cwp/view.asp?a=1367&q=569369

On behalf of the students of Saint George School, we thank the following businesses for their participation and continued support and investment in Saint George School!!!!

A. Anthony & Sons
Bayside
Bishop & Company Investment Management LLC
Church & Murdock
Demarco Wachter & Company
Great Lakes Metal
Hamot Medical Center
Lupo Chiropractic Center
McCeary Roofing Company
PHB Industries
Scully Enterprises