When you decided to "commit" to EITC as an individual, you would have received a joinder to fill out with SPE terminology on it. Then when we requested your contribution you would have received your SPE name. A simple google-search explains that, "A Special Purpose...
FUNDEDU
Making EITC work for schools is what we do
As a business, you qualify for EITC if you pay at least $3500* or more in PA State Income Taxes each year!
To take advantage of this opportunity to support your local private school to make education more affordable for students in your community – you should claim your tax credit as soon as possible!
Here’s how:
- Contact us NOW to fill out a commitment form. We will send you a secure PDF file that will ask for your Name, Co-Signers Name, Email, Address, Social Security Number, Your Contribution Amount (Don’t worry – we can always adjust!), and School the contribution should go to.
- In November or December you will receive an email from the foundation requesting your contribution. In this you will find your award letter, your deadline, and where to send the check.
- In February you will receive a K-1 Form (PA 1123) to file with your taxes to use your credit.
- Receive 90% of your contribution back after filing your PA State Taxes.
If you pay quarterlies – you can suspend your future quarterly payments and send one annual check.
In the spring, your school will receive your contribution to help create scholarships!
Don’t worry – we will keep you updated and on track along the way!
Contact us now to secure your credit!
*Ask us about exceptions to the $3500 minimum
As an individual, you qualify for EITC through a Special Purpose Entity (SPE) if you pay at least $3500* or more in PA State Income Taxes each year!
To take advantage of this opportunity to support your local private school to make education more affordable for students in your community – you should claim your tax credit as soon as possible!
Here’s how:
- Contact us NOW to fill out a commitment form. We will send you a secure PDF file that will ask for your Name, Co-Signers Name, Email, Address, Social Security Number, Your Contribution Amount (Don’t worry – we can always adjust!), and School the contribution should go to.
- In November or December you will receive an email from the foundation requesting your contribution. In this you will find your award letter, your SPE name, your deadline, and where to send the check.
- In February you will receive a K-1 Form (PA 1123) to file with your taxes to use your credit.
- Receive 90% of your contribution back after filing your PA State Taxes.
In the spring, your school will receive your contribution to help create scholarships!
Don’t worry – we will keep you updated and on track along the way!
Contact us now to secure your credit!
*Ask us about exceptions to the $3500 minimum
Many private schools struggle to get meaningful scholarship revenue out of the EITC program. Every private school is entitled to EITC revenue, but as a first-come, first-served program, a sophisticated approach makes all the difference. EITC expertise is where FundEDU comes in. We are experts in the Pennsylvania EITC program so you don’t have to be. Our EITC experts work day in and day out to help secure donors for the school, track progress and projections, and intermediate between the donor, the school, the accountants, the scholarship organizations and when necessary the state to keep the process on point with our best-in-show systems.
We keep our schools ahead of the game.
Contact us now to find out how to get started.
What is EITC?
Pennsylvania allows a limited number of taxpayers to redirect their state income taxes locally to lower-income students at a private school instead of paying those taxes to Harrisburg. This program is called the Educational Improvement Tax Credit Program. Through this tax credit program, donors receive a 90% tax credits when filing their taxes.
This credit is beneficial for all involved but credit are allocated on a first-come, first-served basis so it’s recommended that taxpayers get started early by filling out an commitment form that FundEDU can provide to reserve an EITC tax credit.
To find out more information for you, click on one of the buttons below!
Meet Our Team
Our team of EITC Experts works tirelessly to get you the funding you need for your schools with the Educational Improvement Tax Credit Program.
Jeff W
Founder, EITC Expert
jeff@fundedullc.com
Sheri B
Operations Manager, EITC Expert
sheri@fundedullc.com
Amy H
Administrative Officer, EITC Expert
Rhiannon G
EITC Expert
Angela L
EITC Expert
Colleen B
EITC Expert