Contact our Development Office at 724-593-9200x104 or email info@champion.org for help with these steps:
1. Complete a simple form (Special Purpose Entity Joinder Agreement)
2. Assess PA Tax Liability and Make contribution
3. Receive K-1 from SPE (February)
4. File Taxes- Including K-1 and Schedule OC
5. Receive Refund (Mid-Summer to Fall)
Businesses can participate this way or apply for credits from the State to be given directly to the Center's Scholarship Organization.
If Businesses decide to participate directly, rather than participating in an SPE like individuals above they have a different process to go through. First they decide their PA Tax Liability - then apply to one of the EITC components that they want to support. We can help you with this process if you choose to go this direction. These steps below are an overview of the process. Click here to see a sample tax calculation sheet that SubChapter S, Limited Partnerships, and other Pass Through Business entities can utilize. Email us if you need more information.
1. EITC Pre-K or K-12 Program:
Go on the DCED website, register your organization and apply online. If there are funds available and the company does not owe back taxes, DCED will send an approval letter to the applicant. The company then has 60 days to make its donation(s) and 90 days to send proof of the donation(s) to DCED. General information and application click here
2. OSTC Program:
This program is designed for students in failing public school areas. It works the same as the above program. Go on the DCED website, register your organization and apply online. If there are funds available and the company does not owe back taxes, DCED will send an approval letter to the applicant. The company then has 60 days to make its donation(s) and 90 days to send proof of the donation(s) to DCED. General information and application click here
3. Send your check to the Center's Scholarship Program
There are three tax credit programs available that the Center participates in:
- A K-12 Tuition Tax Credit for students in Elementary School and High School
- An Early Education Tax Credit for students in Preschool.
- An Opportunity Scholarship Program that is designed to help students in the lowest 15% of failing public schools in the Commonwealth.
4. If you file your PA taxes quarterly you can note that payment instead of paying to the State.