"Your company's gift may be eligible for significant tax credit."

If your company or the company you work for makes a corporate donation to Need in Deed, it can receive up to 90 percent credit against its state tax bill up to $300,000. So, for example, a gift to Need in Deed of $25,000 could equate to a cost to the company of only $2,500.

Talk about a win-win idea!

The Educational Improvement Tax Credit (EITC) program was established in 2001 by the PA legislature to encourage businesses to use their tax dollars to support education. Through the EITC program, corporations award millions of dollars each year to support scholarships and innovative educational programs like Need in Deed.

If your company pays any of the following state taxes it may be eligible to participate in the EITC program:

  • Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank and Trust Company Shares Tax
  • Title Insurance Companies Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institutions Tax
  • Personal Income Tax of S Corporation Shareholders or partners in limited partnership

Take advantage of this tax credit program and support Need in Deed.

Here's how:

1.Complete the one-page application form attached here.
2.Return to Kimberly Kirn by June 15. We will submit your application to the PA Department of Community and Economic Development (DCED) for review.
3.Once approved (decisions are typically made in late August), you will be notified by the DCED, at which time you can make your donation and receive a letter of acknowledgement.
4.Submit a copy of the acknowledgement letter with your next tax filing to receive your tax credit. A one-year charitable commitment is eligible for a 75% tax credit; a two-year commitment is eligible for a 90 percent tax credit. Making a two-year commitment also enables you to apply in advance in the second year for your tax refund.

For more information, contact Kimberly Kirn, Executive Director.
Kim@needindeed.org.

You can find additional information about EITC at www.newPA.com; search for EITC and click on the link "Educational Improvement Tax Credit Program (EITC.)"