PA Educational Improvement Tax Credit Program (EITC)

"It's a no-brainer: give your money to Westtown rather than the government."  -Robert Kratz, President of accounting firm Robert J. Kratz & Co., current parent, and EITC donor

 "Most people don't know this is available, but it's as simple as telling your accountant to fill out a form.  In fact, once you participate and see how simple it is, you have to wonder why other businesses don't participate."  -Kristen Scandone Waterfield, President of Malvern Schools, current parent, and EITC donor

 Where would you rather send your money – Harrisburg or Westtown?

The Commonwealth of Pennsylvania provides generous tax credits to eligible businesses (see below) who give financial aid gifts to Westtown School. Tax credits start at 75% of the donation amount for a one year contribution, and it increases to 90% for a two year contribution, but residual tax benefits can reduce the actual cost of the donation to virtually nothing!  To date, Pennsylvania businesses have donated more than $800,000 to our financial aid program with gifts ranging from $750 to $75,000.

WHO:      C-Corporations, S-Corporations, Single & Multi-Member LLCs, and LLPs all qualify

WHAT:       Receive a tax credit in exchange for supporting financial aid for Pennsylvania children

WHY:         1)     Receive credit toward PA taxes (75-90% credit against taxes owed, up to

                         $750,000 over two years)

                 2)     A deduction against net income as a charitable donation

                 3)     Helps Westtown provide more scholarship assistance

 WHEN:     Today! Simply go online and fill out a form to start the process.

 HOW:       Click here to download the complete application materials.  

Please contact Nancy Turner, Director of Planned Giving at 610-399-7917 for more information.  She can help guide you through the process or answer any questions.

FACTS ABOUT THE PROGRAM:

Any businesses authorized to do commerce in PA, who are subject to the following taxes, may be eligible to receive tax credit for gifts made to Westtown School, a “Scholarship Organization.”

  •       Corporate Net Income Tax
  •       Capital Stock Franchise Tax
  •       Bank and Trust Company Shares Tax
  •       Title Insurance Companies Shares Tax
  •       Insurance Premiums Tax
  •       Mutual Thrift Institution Tax
  •       Personal income Tax of S Corp shareholders or Partnership partners

Instead of sending your tax dollars to Harrisburg, your business can support Westtown students!