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EASTERN PENNSYLVANIA SCHOLARSHIP FOUNDATION Businesses contributing to a bright PENNSYLVANIA'S EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM EITC KEEPS YOUR TAX DOLLARS IN YOUR OWN COMMUNITY How often have you had the opportunity to choose how your state tax dollars are spent? Rarely, if ever. All that has changed because of the Educational Improvement Tax Credit Program (EITC), a way for businesses to direct funds that would otherwise go to taxes towards the private education of Pennsylvania's students. Not only does this improve a student's chance to receive the education of their choice, but it results in a tax credit for the business involved and your money stays in your community. Businesses will receive a 90% tax credit for a two-year commitment to the program, up to $100,000 annually. A 75% tax credit is given to those who choose to participate for one year. EPSF OFFERS CHOICE-AND A BRIGHT FUTURE
HOW CAN YOU PARTICIPATE? If your business pays one or more
of these taxes, you qualify for EITC! APPLYING IS AS EASY AS 1-2-3! To apply for an Educational Improvement Tax Credit you simply submit a one-page application form to the Department of Community and Economic Development (DCED) in Harrisburg. When you receive your approval letter you simply make your contribution to the Eastern Pennsylvania Scholarship Foundation. EPSF will send you an acknowledgement letter which you then send to DCED as proof of contribution. These three simple, easy steps allow you to help the students in your community get a great education in the school of their choice. And remember that EPSF is ready to help you with any questions you have or application issues that come up. New applications will be accepted by the Department
of Community and Economic Development beginning July 1, 2003.
There are a limited number of tax credits available so contact
Christine Chew at the Diocese of Allentown, 610-871-5200 ext.
240, or cchew@allentowndiocese.org
as soon as possible to find out more about this outstanding program. WHAT A WIN-WIN!! There isn't a better way than donating to the Eastern Pennsylvania Scholarship Fund (EPSF) to keep your tax dollars in the area. Instead of going to Harrisburg, through EITC your taxes help local families afford Catholic school tuition. Not only are you making a gracious contribution to the education of today's youth, but you will be receiving a tax credit of up to 90% of the amount you donated. And your contribution is deductible on your federal taxes as well resulting in a 100% tax savings. What an excellent opportunity for your business and your community! When you contribute to EPSF you can designate your donation to any one or more of our 64 Catholic elementary or secondary schools. If you choose to make a general donation, EPSF will distribute scholarships to the families with the greatest need. Why not consider giving the students of your Catholic school alma mater the opportunity to enjoy the same high-quality, faith-based education you grew up with? All students deserve the opportunities Catholic education has to offer - you can give them this chance.
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Eastern
Pennsylvania Scholarship Foundation
