The mission of The Children's Scholarship Fund of Pennsylvania is to ensure a quality faith-based education is available to all children in Western Pennsylvania.

Our Successes

Since 1998, The Children's Scholarship Fund has raised over 5.5 million dollars and has awarded over 5 million dollars. Over 90% of contribution dollars received have been awarded as scholarships for families in our region. 

The Children's Scholarship Fund awarded over 865 scholarships in the 2009/2010 school year to 677 families attending 37 schools in 14 Western Pennsylvania counties.

Contributions from businesses are being submitted for the 2010/2011 school year.

 

EITC Update from the Department of Community and Economic Development

Tax credits to eligible businesses contributing to a Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization.

EFFECTIVE OCTOBER 28, 2009

Due to recent changes within the EITC legislation, all applications received prior to October 1st will be approved on a pro rata basis. As a result, the amount of credits awarded for each application will be less than the amount of credits that were requested. Based upon the volume of credits requested and the overall reduction within the EITC budget, each application has been pro rated as follows:

--Scholarship applications were approved for 89% of requested tax credits
--Educational Improvement applications were approved for 54% of requested tax credits
--Pre-K Scholarship applications were approved for 84% of requested tax credits
 

Funding:

Tax credits equal to 75% of its contribution up to a maximum of $300,000 per taxable year; Can be increased to 90% of the contribution, if business agrees to provide same amount for two consecutive tax years; For contributions to Pre-Kindergarten Scholarship Organizations a business may receive a tax credit equal to 100% of the first $10,000 contributed and up to 90% of the remaining amount contributed up to a maximum credit of $150,000 annually.

 

Eligibility:

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes: Corporate Net Income Tax; Capital Stock Franchise Tax, Bank and Trust Company Shares Tax; Title Insurance Companies Shares Tax; Insurance Premiums Tax; Mutual Thrift Institution Tax; or Personal Income Tax of S corporation shareholders or Partnership partners.

 
 

 

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Copyright © 2009The Children's Scholarship Fund of Pennsylvania
Last modified: 02/03/09