EITC
4/15/2026 8:30 am
Learn about the Educational Improvement Tax Credit (EITC)
Would You Like to Turn a $500 Donation into a $4,500 Gift to PAS?
*Open to most Pennsylvania residents with more than $135,000 in income*
Learn more about this program at a special webinar (via Zoom) on Friday, March 6 at 12 PM or at the combined HSA / SAC Meeting on Monday, March 16 at 3:45 PM.
The EITC program is a way to designate your Pennsylvania tax dollars directly to Penn Alexander. The money for this program is already set aside by the legislature up to a certain cap each year. It's first-come, first-served to claim the tax credit for your preferred school (there are separate allocations for private, public, and preschools).
Parents can make a donation up to the amount they pay in PA income tax, and receive 90% of that donation refunded as a tax credit. PAS receives 90% of the donation after the SPE fees. The minimum gift is $5,000. Any individual (parents, grandparents, friends, neighbors) can participate through our partner, Friends of Education.
Step 1: Donor fills out a pledge form to get on the Friends of Education waitlist (the SPE). Friends of Education accepts pledges in the Fall and Spring. They have an allocation of credits that fill up by mid-November. They will let you know when a donor spot becomes available.
Step 2: Once a spot is available, donor has 60 days to make the donation directly to Friends of Education. There are fewer spots in the Spring. If you don’t receive a Spring spot, you will definitely get a Fall spot. There is no difference between Spring and Fall - just when your donation payment is due.
Step 3: Donor applies the credit to their taxes when they file their tax return in the next year.
More questions? Need Assistance?
Contact HSA VP Andrew Ziv for more details.
