Make Your PA Taxes Work for GA

Frequently Asked Questions (FAQ) 关于 Special Purpose Entity (SPE) that contributes financial aid dollars to vwin德赢娱乐 (GA) in exchange for personal tax credit through the Educational Investment Tax Credit (EITC) 宾夕法尼亚州的项目 (PA).

如何 would you like to make a $10,000 gift to vwin德赢娱乐 但 只要650美元? Well you can do just that and it is 100% possible through PA’s EITC Special Purpose Entity 程序.

什么 是 EITC? 自2001年以来, the state has supported legislation that permits corporations, 现在是个人, to donate money to private schools 如遗传算法 and receive tax credit for up to 90% of the value of their donation. 的 Educational Investment Tax Credit (EITC) 程序 provides donors who contribute to qualified private schools, 如遗传算法, credits for their donations that would otherwise be applied to corporate or personal state taxes.

A few GA parents, in 2018, started a Special Purpose Entity (SPE), or private company, called 教育之友, LLC. Since then, the participant 合作伙伴s have pooled together over $2,000,000 for financial aid assistance at GA. Each donor received a state income tax credit in return for those gifts applicable towards their state income tax liabilities. 的 教育之友 seek more 合作伙伴s who can participate and benefit with their own contributions 和 increase financial aid support funding for GA.

谁 可以作为 SPE 合作伙伴? Participants must have a Pennsylvania-source income. Individuals who work for companies that do not conduct business in the Commonwealth, or have income from out-of-state sources, should consult with a CPA.

当 我可以开始给予吗? 嗯，现在! Donors will be asked to complete an agreement joining the 合作伙伴ship 教育之友有限公司 and commit to making a contribution of $6,000 or more to qualify for 90% Pennsylvania state income tax credit. Donors who commit to the 程序 will be asked to make their donation each fall, within 60 days of official notice from the state.

为什么 给我这条路 I already contribute to the Annual Fund? GA will always rely upon our generous community to support the Annual Fund to meet our operating needs each and every year. Contributions made through the EITC 程序 are restricted in use - they MUST be used specifically to provide financial aid in the form of tuition support for some of our neediest student applicant families.

还有问题吗???? 联系 Martin Dean, Associate Director of Institutional Advancement, at 267-405-7458.

 

“I participated in the inaugural GA SPE tax credit 程序. My wife and I opted in because we were familiar with the tax 程序 that provides a large benefit to GA at nominal cost to the participants. 对我来说, the opportunity to participate is compelling, and I am committed to seeing the 程序 grow in a meaningful way.”

爱尔兰共和军米. 布朗斯坦P'28 '30