EITC PA Tax Credits
Support Benchmark Scholarships & Receive Tax Credits
We're lucky to live in PA - the only state where parents can provide this kind of support to schools.
Mark Muehl, parent
Did you know you could direct your PA State Tax Liability to Benchmark’s Financial Aid program in exchange for up to a 90% tax credit?
For example: if you determine that you will owe $5,000 in PA state taxes, you can direct that to Benchmark School and pay only $500 (which is also deductible on your federal income tax). Would you give Benchmark $5,000 if it only cost you $500?
Individuals and businesses are able to participate in Pennsylvania’s EITC program by joining a SPE (Special Purpose Entity) that has already applied for tax credits from the state. You would determine your tax liability for the year, and then we can then help you find a SPE that is able to receive that money. There are a number of SPEs you can join, and some have a minimum donation requirement. Here are just a few that we have worked with in the past:
Some of these entities have a minimum participation amount, but it is also dependent on how much money in tax credits they have to fill. Whether you need more information or are ready to enroll, please email Lauren Ainsworth in Benchmark’s Development Office or call 610-565-3741 x149.
Benchmark awards approximately $1.5 million in financial assistance each year. Gifts through PA’s EITC program will greatly offset this amount and enable us to help more students receive the Benchmark education that they need and deserve.
A note about OSTC
Here are some answers to our frequently asked questions:
What is the difference between a credit and a deduction?
On your application you will identify Benchmark School as the school to which you’d like your funds directed. Benchmark cannot receive the funds until the SPE receives its approval from the state.
We learned of the EITC program several years ago and immediately saw the benefit of being able to make a such a wonderful impact at our school while doing nothing more than steering our state tax dollars directly to a private school of our choice.
It brings us great joy to be able to make this annual contribution to support independent schools and all of the students that benefit from the education they receive from being able to attend a school better aligned with their needs.
At first, we were slightly confused at how the program worked, but we were easily guided by the school and it was a very easy process and has been for years now. We are so proud to have participated the previous 6 years and look forward to continuing!
Starr Vernon & Nagesh Kelkar, parents
Thank You for Your Support
The following contributions from corporations and businesses through the EITC and OSTC programs enabled Benchmark families to receive more than $3.5 million in financial aid.
- AIM Scholarship 1 LLC
- AJO, LP
- Aqua America, Inc.
- Beneficial Bank
- Brock Premier Culinary Services
- Bryn Mawr Trust Company
- Burns Engineering, Inc.
- Business Leadership Organized for Catholic Schools (BLOCS)
- Central Pennsylvania Scholarship Fund
- Chek Med Systems, Inc.
- Devon Consulting, Inc.
- DNB First
- Elizco, Inc.
- Employee Benefit Specialist, Inc.
- First Niagara
- Fishman & Tobin, Inc.
- Glenmede Trust Company, NA
- Graham Partners, Inc.
- HSC Builders & Construction Managers
- Huff United
- Idyll, Ltd.
- Jewish Scholarship, LLC
- Keystone Health Plan, East
- Manufacturers & Traders Trust Co.
- Markel Corporation
- McLean Packaging Corporation
- Montgomery Avenue II LLC
- Mutual Fire Foundation, Inc.
- Neurologic Health Associates, PC
- Omni Cable Corp.
- Origlio Beverage
- PA Partners for Education, LLC
- Pennsylvania Education Partnership LLC
- Pennsylvania EITC/OSTC Scholarship #2, LLC
- Philadelphia Insurance Companies
- Pro-Tech Floors
- Republic Bank
- Ryan Advisory Services
- S & S Realty Associates, Inc.
- Silverback Educational Foundation
- SKF USA, Inc.
- SofterWare, Inc.
- Spivack & Spivack, LLC
- Stein Realty Capital, LP
- Stellar Solutions LLC
- UGI Energy Services
- UHS of Pennsylvania, Inc.
- Unisys Corporation
- Utica National Insurance Group
- Veterans Financial, Inc.
- Wilmington Trust of Pennsylvania
- Wind River Holdings, LP
Director of Annual Giving
I love the fact that I can direct my PA state tax dollars to a recipient of my choice (Benchmark School) and that the school receives ten times what I donate. In prior years the EITC program had been too difficult or "out of capacity," but the process is MUCH simpler now through the BLOCS program. I plan to support Benchmark through the EITC program for many years.
Robert Driscoll, parent
As parents of a Benchmark alumnus and business owner, I love that we can direct dollars that would otherwise be paid in taxes to a school my family cares so deeply about. It's easy to apply for EITC and the cost to the donor is minimal as you get a tax credit. With the money Benchmark receives from EITC contributions, they are able to provide the education that made a huge difference for our son available to many more students.
Emily and Brian Newmark, parents