EITC/OSTC

Educational Improvement Tax Credit (EITC), Opportunity Scholarship Tax Credit Program (OSTC) and Educational Improvement Organization (EIO) Programs

The State of PA created the opportunity for individuals to receive the same 90% PA income tax credits as corporations. Yes, this means you, too, can receive a 90% PA income tax credit by providing much-needed scholarships for students at approved schools such as Penn Hills Charter School of Entrepreneurship.

We are committed to ensuring that our donors join the hundreds of individuals throughout the State of PA who love this opportunity to turn tax dollars into scholarships.

For Individuals & Business Owners:

Organizations Like the Central PA Scholarship Fund can provide tax credits to individuals and businesses through a Special Purpose Entity. www.pennsylvaniaeitc.org

For Businesses:

If you pay taxes in Pennsylvania you can take advantage of the Educational Improvement Tax Credit or Opportunity Scholarship Tax Credit programs offered by the State to impact education. Any qualifying business can participate, so please share this information with any colleagues who may want to receive tax credits while supporting The Neighborhood Academy. Applying is easy, but there is a cap on funding, and applications are accepted on a first-come, first-served basis. Applications for businesses in the middle of a two-year commitment and returning donors will be accepted starting May 15th. New applications will be accepted beginning in July. Depending on your business structure, you may also participate through the Central PA Scholarship Fund.  Please consult your tax professional on how these programs may impact your business.

EITC application and guidelines
OSTC application and guidelines

The Advancing Youth Initiative (AYI) was established in 2019 to serve the Penn Hills Charter School of Entrepreneurship (PHCSE) community. PHCSE is the only K-8 public school in the state of Pennsylvania with a core focus in entrepreneurial education.

AYI seeks to receive EITC – EIO funds to support PHCSE’s award winning entrepreneurship program. PHCSE is the only school in the nation to utilize both the MicroSociety and Network For Teaching Entrepreneurship curriculums in a K-8 school. In MicroSociety students learn how each component of society and commerce is interconnected by operating a miniature society called Soarmania. Soarmania has a legislature, bank, businesses, and more, all led by students.

The funds will also be used to create prototypes of products and services for middle school students in the Greater Pittsburgh region who participate in PHCSE’s annual pitch competition series. As students’ progress through the competition, assigned mentors and coaches help strengthen their business ideas and presentation skills. The final competition, Soaring Shark Tank, gives students the opportunity to present innovative products and services in front of a panel of judges for cash prizes to invest into their business idea.

AYI is a non-profit, 501(c)(3), that operates exclusively for the benefit of PHCSE, its affiliated organizations and other organizations in the Greater Pittsburgh region that share the educational interests and values that are publicly supported charities.

AYI is approved by the Pennsylvania Department of Community and Economic Development to receive both ETIC and Opportunity Scholarship Tax Credit (OSTC) funding. Therefore, if your organization would like to provide financial assistance by way of OSTC to help PHCSE graduates afford tuition based high schools, please let us know.

Your time and consideration are greatly appreciated. Please feel free to contact me at (412)- 793-6471 ext. 238 or wayne.jones@phcharter.org.

Thank You,

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