EDUCATION IMPROVEMENT TAX CREDIT

What is EITC?

Pennsylvania Education Improvement Tax Credit (EITC)

Pennsylvania provides tax credits for corporate contributions to Pre-K Scholarship Organizations (PKSOs),nonprofits that provide pre-k school scholarships and Educational Improvement Organizations (EIO), or nonprofits, that support innovative programs in public schools. Tax credits are worth 75 percent of the contribution; however, a 90 percent credit can be claimed if the corporation commits to two consecutive annual contributions. In either case, the maximum tax credit is $750,000 per company. Credits are awarded to companies on a first-come, first-served basis until the cap is reached. The total amount of tax credits is limited to $110 million. For more information on how businesses can apply, visit https://dced.pa.gov.

Educational Programs

Businesses can give to YMCA of Bucks County and support Pre-K and school age programs such as CATCH and Youth and Government by making a donation through the Education Improvement Tax Credit (EITC) program. For more information, view the PDF below or contact Shannon Connolly at sconnolly@ymcabucks.org

Key Features Of EITC

  • 90% tax credit for donors with 2 year commitment.
  • Tax credit can be switched to the more popular Education Improvement (EI) tax credit in future years
  • Tax credits are typically only available May 15 for existing donors and July 1 for new donors.

How Tax Credits Help Families In Need

Children are eligible for scholarships if the household income is less than $85,000 + $15,608 for each child in the family. For example, a family with one child must have an income below $100,608 whereas a family with three children must have an income below $131,824. The figures will increase in future years for inflation.

Rules & Regulations

  • Income Limit: $85,000 + $15,608/child.
  • Prior Year Public School Requirement: None.
  • Geographic Limit: Statewide.
  • Enrollment Cap: None.
  • Scholarship Cap: Full tuition.
  • Testing Mandates: None.
  • Credit Value: 75%-90%.
  • Budget Cap: $110 million.

About YMCA of Bucks County EITC Programs

YMCA of Bucks County is an approved Education Improvement Tax Organization for both Education Improvement Organization (EIO) and Pre-K Scholarship Organization (PKSO). At YMCA of Bucks County, families can receive important tax credits for preschool and school age academic enrichment to participate in any of our locations. Families must complete a YMCA financial assistance application to participate.

Education Improvement Organization (EIO)

YMCA of Bucks County offers academic enrichment programs for school age children and youth to help enhance the quality of their education. We have approval for the following programs to receive EITC-EIO dollars in partnership with five school districts in Bucks County.

  • STEM Camp/Programs Offered in partnership with the National Aerospace Training and Research Center (NASTAR), the YMCA offers a summer day camp and school age program. Children and youth, grades 1-8 perform science experiments, make their own space food, build stomp rockets and launch rockets.
  • Living Classroom and Catch  In collaboration with Snipes Farm and Education Center and St. Mary Medical Center, we provided access to “an outdoor classroom”. CATCH is an evidence-based program proven to launch kids and communities toward healthier lifestyles.
  • Youth and Government  Youth and Government™ program involves teens in local and state-organized, model-government programs. Participants, 7th through 12th grade have the opportunity to immerse themselves in experiential civic engagement and to, quite literally, practice democracy.All of our EITC programs are making an important and significant impact upon the community.

All of our EITC programs are making an important and significant impact upon the community.

Pre-K Education

Our Youth Education Centers offer preschool programs for children ages two through Kindergarten at 6 YMCA of Bucks County locations:

Fairless Hills Child Care Center
601 S. Oxford Valley Road
Fairless Hills, PA 19030

Quakertown Child Care Center
401 Fairview Ave.
Quakertown, PA 18951

Newtown Child Care Center
99 Barclay St.
Newtown, PA 18940

Morrisville Child Care Center
200 N. Pennsylvania Ave.
Morrisville, PA 19067

New Britain Child Care Center
Lenape Valley Church
321 W. Butler Ave.
New Britain, PA 18901

New Hope-SoleburyClubhouse for Kids
2712 N. Sugan Road
New Hope, PA 18938

YMCA of Bucks County preschool programs for children focus on kindergarten readiness by engaging young children in exciting learning activities throughout the day. We use a curriculum that is in line with our school district partners. Parents have the added peace of mind that their children are safe while they are at work.All of our EITC programs are making an important and significant impact upon the community.

Our Reach

Our YMCA of Bucks County is a charitable, nonprofit organization committed to strengthening our communities through membership and programs that foster youth development, healthy living and social responsibility for all. The YMCA has a broad reach across Bucks County serving more than 60,000 people of all ages and backgrounds. The Y provides more than $5 million in community impact annually, and 1,900 individuals donate 19,000 hours of service each year. Free donor-supported community programs include: Veterans Wellness Initiative, 7th Grade Initiative, 2nd Grade Swim, Empower U for Girls, NORM (for adjudicated youth), THRIVE Cancer Wellness and Back to you (B2U). We feed more than 3,000 children daily and provide financial assistance for those in need. YMCA of Bucks County is also a leader regionally, state-wide and nationally.

How Do I Get Started and Make an EITC Donation?

Contact Shannon Connolly at 215-348-8131 x1188 or sconnolly@ymcabucks.org.

pdf

Contact:

Association-wide 

Shannon Connolly
Regional Director of Development

215.348.8132, x1188