The Pennsylvania College of Technology Foundation is approved by the Commonwealth as an Educational Improvement Organization under the Educational Improvement Tax Credit Program administered by the Pennsylvania Department of Community and Economic Development.

The designation means businesses may make contributions to the Foundation to support two programs at Penn College considered "innovative educational programs" under the law—SMART Girls and Penn College NOW—and be considered for Educational Improvement tax credits from the state. Both programs are managed by the College Transitions office at Penn College.

SMART Girls

Penn College developed Science and Math Applications in Real-World Technologies (SMART) Girls to counter an alarming academic and social trend: girls tend to shy away from math and science as they enter adolescence and their important high school years. SMART Girls provides young females the opportunity to experience math and science as a foundation for careers in technology. Learn more about SMART Girls.

Penn College NOW

Penn College NOW is a nationally accredited dual enrollment program that features Pennsylvania College of Technology courses taught by approved teachers in the home school or career and technology center. The tuition is free for qualified students and gives students the chance to save time and money while they gain confidence and make a connection to the college experience. Learn more about Penn College NOW.

To make an EITC gift to Penn College, please contact Elizabeth Biddle.

Additional information for businesses interested in applying for EITC

Uses

Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.

Terms

An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter.

Tax credits not used in the tax year the contribution was made may not be carried forward or carried back and are not refundable or transferable.

Funding

A business may receive a tax credit equal to 75% of its contribution, up to a maximum of $300,000 per taxable year. The tax credit can be increased to 90% of the contribution if the business agrees to provide the 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 that are authorized to do business in Pennsylvania and are subject to one or more of the following taxes may be eligible to apply for EITC:

  • 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
  • Personal Income Tax of S corporation shareholders or partnership partners

Where to Apply

DCED Center for Business Financing, Tax Credit Division, 4th Floor, Commonwealth Keystone Building
400 North Street
Harrisburg, PA 17120
717-787-7120
RA-EITC@state.pa.us

EITC Website