What is an Educational Improvement Tax Credit?
It is a Pennsylvania tax credit for businesses that make a donation to a scholarship organization. Scholarship organizations will award scholarships to children across Pennsylvania to assist them in attending the schools of their choice.
How to Make EITC Work for You
3 Easy Steps
How EITC Benefits Your Business
Simply put, you contribute money for educational scholarships, and the Educational Improvement Tax Credits (EITC) lower your tax liability. Some companies find that when they add in Federal tax deductions, they save the same amount on taxes that they contributed to scholarships—a zero cost contribution.
The Pennsylvania Department of Community and Economic Development (DCED) provides state tax credits to eligible businesses that contribute to qualified organizations such as the Pittsburgh Jewish Educational Improvement Foundation.
Approved businesses receive a percentage of their contribution as a tax credit:
Your EITC Contribution Changes Lives
Day Schools and Preschools
Highest Levels of Academic Success
Your support for day schools and preschools transforms the lives of children, many of whom would not be able to afford the schools without EITC funding.
Day school gives children the academic tools to thrive, as well as the confidence and caring to get involved in helping the community.
EITCResearch from the Cohen Center at Brandeis University showed that Jewish day school alumni achieve the highest levels of academic success while becoming more likely to identify with Judaism as adults.
An AVI CHAI Foundation study found that Jewish day school graduates account for 40% of young Jewish leaders.
Research from Ukeles Associates found that both the children attending Jewish early childhood programs and their parents increased their participation in Jewish life.
7,000+ Scholarships since 2001
Who Will You Help?
Through EITC in 2016, businesses made a substantial impact with scholarships:
515 children received K-12 scholarships
234 children received preschool scholarships
7,000+ scholarships have been awarded since the program began in 2001.
Benefits of Jewish Preschools and Day Schools
Support for low-income families
Excellent academic preparation
Values that emphasize helping others
Increased participation in Jewish life for both kids and their parents
The following corporate donors have generously contributed $3.9 million through the Pennsylvania Educational Improvement Tax Credit (EITC) program in 2016-17. This year, through this initiative, tax credits provided 677 scholarships for children to attend Jewish day schools and pre-kindergarten programs.
AMS Real Estate Ventures, LLC
Atlas Materials Recycling Corporation
Concast Metal Products Company
(A Cubed Corporation)
Cowden Associates, Inc.
Ditto, Ken & Steve Shriber
FCC Asset Management
First Commonwealth Bank
Glimcher Group Incorporated
Home Instead Senior Care, Inc.
Impel Strategies, LLC
JKM Trading Company
Marvista Real Estate Holdings LLC
McKnight Development Corporation
McKnight Realty Partners
Merlin Fiorano, LLC
MSA–The Mine Safety Company
Nartak Media Group
The Pfeffer Family
Pittsburgh Jewish Scholarship I, LLC
Karen & Tony Ross
Signature Financial Planning
UHS of Pennsylvania
UPMC Health Plan
Join Us to Make an Impact
The Jewish Federation of Greater Pittsburgh supports ten early childhood education programs and three day schools by helping local businesses apply for the tax credits and contribute through the Pittsburgh Jewish Educational Improvement Foundation.
What scholarship organizations can businesses contribute to in order to receive the credit?
Businesses may contribute to qualified charitable organizations that are registered with the Department of Community and Economic Development (DCED). The Jewish Federation of Greater Pittsburgh has created an applicable organization, called the Pittsburgh Jewish Educational Improvement Foundation.