Educational Improvement Tax Credit

(EITC)

The Educational Improvement Tax Credit (EITC), established by Act 4 (H.B. 996, P.N. 1878, Session 2001), potentially allows businesses to significantly reduce their state tax liability (e.g., 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) by contributing/donating to a nonprofit Educational Improvement Organization (EIO).

The Educational Improvement Tax Credit is administered by the Pennsylvania Department of Community and Economic Development. EITC provides companies with a 75% tax credit for donations they make to a non-profit educational improvement organization. The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. A business paying taxes in Pennsylvania can receive up to $750,000 in tax credits annually. More importantly, EITC provides students with the opportunity to experience Quaker history firsthand at Arch Street Meeting House. Through the Educational Improvement Tax Credit program, Arch Street Meeting House can receive much needed financial assistance to provide field trips, lesson plans, and so much more to the School District of Philadelphia, and surrounding PA Title 1 state schools in Montgomery, Chester, Delaware, and Bucks counties.

For more information on applying as a business, or for general questions for the Department of Community and Economic Development (DCED):

To see the Educational Improvement Organization (EIO) listing for Arch Street Meeting House Preservation Trust, please visit:

The official registration and financial information of the ASMHPT may be obtained from the Pennsylvania Department of State by calling toll-free within Pennsylvania, 1-800-732-0999

Copies of ASMHPT IRS status and EIN # may be obtained directly from Executive Director Sean Connolly.