Support Logos Academy with Tax Credits
Designate your tax dollars for scholarships to Logos Academy
Logos Academy participates in Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs. In 2001, Pennsylvania Act 4 established the EITC program. Act 4 authorizes the award of tax credits to businesses that make contributions to scholarship organizations.
You may receive a tax credit of 90% of your gift if your business commits to two consecutive years of donations. If your business gives for one year, your business may receive a tax credit of 75% of your gift. Your company can give up to $750,000 for each tax credit program.
Individuals and couples also qualify for participation in the tax credit program through a Special Purpose Entity, a new class of pass-through partnerships that exists solely for the purpose of obtaining Education Improvement credits.
The Educational Improvement Tax Credit (EITC) is a Pennsylvania program supporting all students with financial need. The Opportunity Scholarship Tax Credit (OSTC) is a similar program, but prioritizing students who also live in low performing public school districts.
A Special Purpose Entity is a new class of pass-through partnerships that exists solely for the purpose of obtaining Education Improvement Credits (EITC/OSTC)
Any business and most individuals with an annual Pennsylvania tax liability are eligible to enroll. Contact us for more information on how you or your business qualifies for this program!
It costs you nothing extra, although it does require an advance payment. The paperwork to designate your taxes in this way is simple and quick. This is truly a win/win situation: you get a 90% tax credit for contributions to these programs. Then the programs pay the money forward as scholarships for students at Logos Academy.
Contact Lauren Sheehy, the Director of Institutional Advancement for information on applying for EITC or OSTC.
