The mission of The Children's Scholarship Fund
of Pennsylvania is to ensure a quality
education is available to all children in Pennsylvania.
Since 1998, The Children's Scholarship Fund
has raised over 13.7 million dollars and has awarded over 12.4 million
Over 95% of contribution dollars received have been awarded as scholarships for families in our region.
The Children's Scholarhip Fund awarded 716 scholarships in 2016/2017 school year to 539 families attending 31 schools in 15 Pennsylvania counties.
The Educational Improvement Tax Credit
Programs provide a tax credit against the state corporate income tax
liability for contributions to Scholarship Organizations (like The
Children's Scholarship Fund of Pennsylvania) which provide
scholarships to eligible children attending private and faith-based
schools. A business may
claim a tax credit worth 75% of its contribution for the K-12 EITC
program and EITC 2.0 - (OSTC) program. Alternatively,
if the business commits to two consecutive annual contributions, it
may claim a tax credit worth 90% of its contribution. In either
case, the maximum tax credit for a company is $750,000 in each year
that a donation is made.
$60 Million is set aside for the K through 12 scholarship program.
$10,000,000 is set aside for Pre-Kindergarten EITC program.
$50 Million is set aside for Opportunity Scholarship program.
The Pre-Kindergarten program requires only a one year
will receive a 100% credit for the first $10,000, and up to a 90%
credit on the remaining amount of the contribution.
Businesses can apply for credits up to a $200,000 for the
Educational Improvement Tax Credits are awarded to companies on a first-come, first-served basis (by the day) until the cap is reached.