SUPPORT KWS PA TAX CREDIT

 

On May 7, 2001, by an overwhelming bipartisan majority, Pennsylvania made history by becoming the first state to pass an education tax credit aimed at corporations. The Educational Improvement Tax Credit program provides businesses doing business in the state with a tax credit of up to 90% for contributions to nonprofit scholarship organizations. In essence, a business re-directs the majority of its PA corporate income taxes to a scholarship organization of its choice. Kimberton Waldorf School is a registered Scholarship Organization with the State of Pennsylvania.

Scholarship Organizations are nonprofit organizations that provide scholarships to children across Pennsylvania to attend the schools of their choice— public, nonpublic or religious. Scholarship organizations must distribute at least 80% of their funds in scholarships annually. Families of children receiving scholarship must meet state income guidelines.

Since 2002 Kimberton Waldorf School has received $175,000 from businesses in the state of Pennsylvania through the tax credit program. These funds have permitted the school to assist families with tuition assistance for their children.

Presently there are three EITC programs in which businesses can participate, two of which benefit Kimberton Waldorf School:

K-12 EITC Program (private schools)
Pre-K EITC program (private schools)
Educational Improvement Organization Program (public schools)

To learn more about this exciting program and how your business can participate, please visit the state’s website inventpa.org and click on Educational Improvement Tax Credit Program. You may download the Application Form for the K-12 Program by clicking here and the Application Form for the Pre-K Program by clicking here.

All businesses that make a donation to Kimberton Waldorf School through the EITC program will be listed in the school’s Annual Report.