EITC Tax Credit Program

Healthy Returns

Vetri Foundation EITC Program

Vetri Community Partnership is considered an Educational Improvement Organization (EIO) under the Pennsylvania Educational Improvement Tax Credit (EITC) program. As a result, Pennsylvania businesses and business owners can donate to support our work and receive state tax credits ranging from 75-90% of their charitable contribution.

What is the Educational Improvement Tax Credit (EITC) program?

This program was created to provide an incentive for charitable giving by Pennsylvania businesses. Your charitable contribution becomes a low-cost gift when you redirect you state business taxes to the participating Educational Improvement Organization of your choice.

  • A one-year commitment will earn you a state tax credit of 75% of your contribution. A business that agrees to provide the same amount for two consecutive tax years will earn a credit of 90%.
  • The non-credited portion of the gift can be claimed as a charitable contribution for federal tax purposes.
  • Businesses may request up to $750,000 in tax credits per year.
  • Any Pennsylvania businesses other than a Sole Proprietorship is eligible.

The credit is available to offset:

  • 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
  • Insurance Company Law of 1921
  • Personal Income Tax of S Corporation Shareholders or Partnership Partners

How does my company apply?

Step 1: Pennsylvania businesses can begin applying for EITC credits through DCED’s electronic single application system.

Step 2: Your business receives a tax credit approval letter from the State.

Step 3: Your business makes its gift to Vetri Community Partnership within 60 days of receiving its tax credit approval letter.

Step 4: Vetri Community Partnership receipts the gift, and your business provides proof of the gift to the State within 90 days of receiving the tax credit approval letter.

Step 5: File your business tax returns normally.

For more information on supporting VCP via the Pennsylvania EITC program, please contact Gregory J. Allen, Director of Foundation & Government Relations at 267-281-6350 or greg@vetricommunity.org.