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Educational Improvement Tax Credit Program (EITC)

Pennsylvania’s Educational Improvement Tax Credit Program

Through Pennsylvania’s Educational Improvement Tax Credit Program (EITC), eligible companies can receive tax credits for contributions to innovative educational programs, such as La Salle University’s Dual Enrollment Initiative. Companies can receive tax credits equal to 75% of their contribution (up to $750,000 per taxable year) or up to 90% for two-year charitable commitments, while also helping to enrich the lives of Philadelphia students.


EITC Background

Offered by the Pennsylvania Department of Community and Economic Development (DCED) since 2001, the EITC program allows businesses to receive tax credits when they make financial contributions to approved Educational Improvement Organizations such as La Salle University. Funding from EITC allows La Salle to provide educational opportunities for high performing junior and senior high-school students from Philadelphia to earn college credit, explore career paths, and develop college readiness skills.

For complete details on participation in the EITC program and the approval process through the Pennsylvania Department of Community and Economic Development, please visit their website. Business applicants who have previously participated and wish to re-apply can renew beginning on May 15. First-time applicants can apply beginning on July 1.


Dual Enrollment Initiative at La Salle University

Through programs such as Summer Scholars, Transformation Scholars, and Community Scholars, La Salle University works closely with the School District of Philadelphia to offer high-school students the opportunity to choose from a variety of credit-bearing university courses and to immerse themselves in disciplines of specific interest. Enrolled in intensive small courses designed to provide students with individualized attention, students have access to university-level experiences, as well as a customized program of college preparation and career discernment. Students leave these programs with not only college credit but also the confidence to know that they can succeed at the university level.


EITC Eligibility

Companies authorized to do business in Pennsylvania who are subject to one or more of the following taxes are eligible to participate:

Personal Income Tax

Capital Stock/Foreign Franchise Tax

Corporate Net Income Tax

Bank Shares Tax

Title Insurance & Trust Company Shares Tax

Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)

Mutual Thrift Tax

Malt Beverage Tax

Retaliatory Fees under section 212 of the Insurance Company Law of 1921


EITC Application

Businesses must be approved before donating. Business guidelines and application information are available on Pennsylvania’s Department of Community and Economic Development website.  All applications must be completed and submitted online. Paper applications are not accepted.

Applications for tax credits will be accepted beginning on May 15 for applicants who are in the middle of a 2-year commitment or for those who are reapplying after finishing a 2-year commitment. Applications for all others will be accepted beginning on July 1.  Funding for this program is limited, so it is important to apply as early as possible.


Tax Credits & Approval

Once the Commonwealth approves your application, you must make a contribution directly to La Salle University within 60 days. There is a yearly statewide cap and tax credits are awarded on a first-come, first-served basis. Tax credits are applied against the tax liability of your business for the tax year in which the contribution was made.


Important Steps

  • Determine the amount of state corporate taxes that your company pays.
  • If your company has participated in the EITC program before, applications are accepted beginning May 15.
  • If your company is participating in the EITC program for the first time, you can apply online beginning July 1. Applications are approved on a first-come, first-served basis by date received. This program is popular and only so many businesses can participate, so please submit your application as early as possible.
  • The business owner is given written notification from the Department of Community and Economic Development that their business is approved for tax credits. This can take approximately 30-90 days.
  • When you receive the approval letter from DCED, make your contribution to La Salle University within 60 days.
  • La Salle University will mail you an acknowledgement letter and receipt for the amount of your contribution that you must send to DCED within 90 days of the approval letter.

If you have any questions, or would like to learn more about the EITC program and how it benefits La Salle University, please contact John Prendergast at 215.951.1993 or prendergastj1@lasalle.edu.