EITC/OSTC Tax Credit Scholarships
REDIRECT YOUR BUSINESS INCOME TAX TO SCHOLARSHIPS FOR LOW-INCOME FAMILIES AT FRANKFORD FRIENDS SCHOOL!
If your business or company pays Pennsylvania Corporate Income Tax or certain other state business taxes, you can make a donation to the Frankford Friends School Scholarship Fund in lieu of paying up to $750,000 in Pennsylvania business taxes.
Eligible businesses include Partnerships, S Corporations, C Corporations, and others. (Sole proprietorships are not eligible.)
Combined with federal tax savings, the cost of donating can be close to zero. That’s because this is a tax credit — not a deduction. At almost no cost, your company can help make a Frankford Friends education available to a child from a local low-income family.
The process is simple but the program is competitive. To secure tax credits, you must complete the simple online application on July 1. Frankford Friends School has many eligible, deserving children who qualify for either EITC or OSTC credits.
For more information, please contact:
Joy Bowman Lim
Director of Development
Click here to go to the DCED site for more information on the program.
We are grateful to the generous companies who donated to Frankford Friends School’s Scholarship Organization through the EITC and OSTC tax credit programs.