Scholarship Program
Developing a growing scholarship fund to assist families to overcome their respective financial hurdle and to enroll their child in CLCS is of critical importance. CLCS has an amazing opportunity to grow a scholarship fund through the Pennsylvania Educational Tax Credit (EITC) program. This business tax credit program provides eligible businesses with up to a 90% state tax credit by making a contribution through an approved EITC scholarship organization. Subsequently, this contribution will be made available to CLCS on a designated basis and used for student scholarships. The business can also claim this contribution as a federal tax deduction. This is a program that benefits both schools and the businesses!
Here are some facts to help acquaint you with the program.
Businesses that pay the following taxes are eligible to participate:
Please look over this information and contact Randy Tarpey from the Central Pennsylvania Community Foundation with any questions or to apply for the EITC program. His experience with and dedication to this life-changing opportunity have been a huge blessing to us and many other organizations in Western PA.
Randy Tarpey CPA
randytarpey@hksickler.com
(814) 684-4640
Developing a growing scholarship fund to assist families to overcome their respective financial hurdle and to enroll their child in CLCS is of critical importance. CLCS has an amazing opportunity to grow a scholarship fund through the Pennsylvania Educational Tax Credit (EITC) program. This business tax credit program provides eligible businesses with up to a 90% state tax credit by making a contribution through an approved EITC scholarship organization. Subsequently, this contribution will be made available to CLCS on a designated basis and used for student scholarships. The business can also claim this contribution as a federal tax deduction. This is a program that benefits both schools and the businesses!
Here are some facts to help acquaint you with the program.
Businesses that pay the following taxes are eligible to participate:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Insurance Premiums Tax
- Bank & Trust Company Shares Tax
- Mutual Thrift Institutions Tax
- Title Insurance Companies Shares Tax
- Personal income tax of S corporation shareholders, partnership partners, and limited liability company members
Please look over this information and contact Randy Tarpey from the Central Pennsylvania Community Foundation with any questions or to apply for the EITC program. His experience with and dedication to this life-changing opportunity have been a huge blessing to us and many other organizations in Western PA.
Randy Tarpey CPA
randytarpey@hksickler.com
(814) 684-4640