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Gifts for Tax Credit

EITC/OSTC Application

EITC

A gift to Archbishop Carroll can provide your company with a substantial tax credit through the Pennsylvania Educational Improvement Tax Credit Program (EITC). By making a contribution to Archbishop Carroll, a company can receive PA State tax credits equal to 75% of its contribution up to a maximum of $400,000 per taxable year. This can be increased to 90% of the contribution, if a company agrees to provide the same amount for two consecutive tax years. Your support of Archbishop Carroll through the EITC Program will help in the School’s efforts to make its educational experience available to the most capable students regardless of their financial circumstances.

Who’s Eligible?

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes: 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; or Personal Income Tax of S corporation shareholders or Partnership partners.

How Do I Participate?

Simply apply to the Department of Commerce and Economic Development (DCED) for the Educational Improvement Tax Credit Program (EITC). The online application and further details of the program are available on the web – Click Here for more information.

Changes to the EITC

Starting this year, the total budget for the EITC was increased to $100 million and a few changes were made to the application process. The maximum gift amount has been raised from $300,000 to $400,000 per year. The application deadlines have been consolidated so that all businesses, including s-corps, can apply starting on July 2nd. Click Here to view the online application page.

OSTC

A gift to Archbishop Carroll can provide your company with a substantial tax credit through the Opportunity Scholarship Tax Credit (OSTC). By making a contribution to Archbishop Carroll, a company can receive PA State tax credits equal to 75% of its contribution up to a maximum of $400,000 per taxable year. This can be increased to 90% of the contribution, if a company agrees to provide the same amount for two consecutive tax years. Your support of Archbishop Carroll through the OSTC Program will help in the School’s efforts to make its educational experience available to the most capable students regardless of their financial circumstances.

Who’s Eligible?

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes: 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; or Personal Income Tax of S corporation shareholders or Partnership partners.

How Do I Participate?

Simply apply to the Department of Commerce and Economic Development (DCED) for the Opportunity Scholarship Tax Credit Program (OSTC).The online application and further details of the program are available on the web – Click Here for more information.

How is the OSTC Different From the EITC?

The EITC provides tax credits for gifts given in support of financial aid students while the OSTC more specifically provides support for financial aid students from low-achieving school districts. These are districts with public schools that perform in the bottom 15% of Pennsylvania schools. The OSTC provides qualified students within these districts with opportunities to receive a quality education from top level institutions. The budget and application for the OSTC is separate from the EITC, meaning businesses may apply for both programs within a given year.

Calendar

December 2017

Sun Mon Tue Wed Thu Fri Sat
1
2
3
4
  • RCIA Meeting - Intro @ Chapel
5
6
  • Advent Penance Service
7
  • Advent Penance Service
8
  • School Closed - Immaculate Conception
  • Swimming @ Upper Darby
  • Boys Varsity Basketball Scholastic PBP v. Malvern Prep (home)
9
  • Boys & Girls Varsity Indoor Track Ursinus College Invite
  • Boys JV Basketball v Imhotep (Away)
10
  • Second Sunday of Advent
  • Cheerleading: Philadelphia Catholic League/District 12
  • Boys Varsity Basketball Westchester U. Showcase v. Coatesville (at WCU)
11
  • 8th p RCIA Meeting
12
  • Boys Freshmen Basketball v. Haverford School (Home)
  • Boys JV Basketball v. Haverford School (Home)
13
  • Boys Freshmen Basketball v. Radnor (Home)
  • Boys Varsity Basketball v. Cheltenham (Home)
  • Boys JV Basketball. Cheltenham (Home)
  • Boys JV Basketball v. Cheltenham (home)
14
  • No School - Teacher Professional Development Day
  • CSC Meeting
15
  • Boys Indoor Track T&FCA of GP @ Lehigh University
  • CSC collection ends
  • Our Lady of Guadalupe Mass
  • Boys Varsity Basketball All-City Classic v. Shipley @ McDevitt
  • Girls Varsity Indoor Track @ DVGTCA Lehigh University
16
  • Christmas Caroling at Nursing Homes (tentative)
  • Boys Freshmen Basketball v. Cristo Rey (Away)
  • Boys JV Basketball @ Cristo Rey
  • Boys Varsity Basketball Coaches v. Cancer v. Plymouth-Whitemarsh @Wood
17
  • Third Sunday of Advent
  • Christmas Concert
18
  • Christmas Break
  • Boys JV Basketball @ Episcopal Academy
19
  • Progress Report Data Available Online
  • Christmas Break
  • CSC Christmas Toy Delivery
  • Boys Freshman Basketball @ Episcopal Academy
20
  • Christmas Break
  • Boys Varsity Basketball v. Constitution (home)
  • Boys JV Basketball v. Constitution (home)
21
  • Christmas Break
  • Advent Liturgy
  • Archbishop’s Christmas Party (CSC)
22
  • Christmas Break
  • The following school districts will NOT be bussing HOME: Great Valley, Methacton, Radnor, Springford
  • Dismissal
  • Boys Freshman Basketball @ Salesianum
  • Boys JV Basketball @ Salesianum
  • Girls Varsity Indoor Track @ DVGTCA Lehigh University
23
  • Christmas Break
  • Boys Indoor Track T&FCA of GP @ Leigh University
  • Boys Varsity Basketball WC Prep Holiday Showcase v. Our Savior Lutheran (NY) @Drexel Univ
24
25
  • School Closed - Christmas Holiday
  • Christmas Break
26
  • School Closed - Christmas Holiday
  • Christmas Break
27
  • School Closed - Christmas Holiday
  • Christmas Break
  • Boys JV Basketball v. Shipley (home)
28
  • School Closed - Christmas Holiday
  • Christmas Break
29
  • School Closed - Christmas Holiday
  • Christmas Break
  • Boys Freshman Basketball Devon Holiday Prep Tourney (TBA)
  • Boys Varsity Basketball Scholastic PBP v. Abington @ Philly U
30
  • Boys Freshman Basketball Devon Holiday Prep Tourney (TBA)
  • Christmas Break
  • Girls, Boys Indoor Track Ocean Breeze Holiday Festival @ Staten Island
  • Boys Varsity Basketball Big Game Hoops v. Salesianum (DE) @ Interior
31