THE PENNSYLVANIA EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM

– Turning your PA State Income Tax Liability into scholarship money at LCA –

ABOUT THE E.I.T.C. PROGRAM

The Educational Improvement Tax Credit (EITC) program allows individuals, business owners, and corporations to redirect their PA state tax liability to Lehigh Christian Academy for the purpose of tuition assistance funding. This is an absolute game changer in making LCA a more attainable place for more families to send their children.

For years, the EITC program was only available to businesses incorporated as S Corps, C Corps, or LLC’s. However, individuals can now participate in the program by joining what is called a Special Purpose Entity (SPE). An SPE is formed as an LLC for the sole purpose of allowing individuals to participate in this program.


AND IT’S EASY TO GET INTO PLACE

EXAMPLE:

$1000 OWED TO THE STATE CAN BE REDIRECTED TO LCA FOR TUITION ASSISTANCE/SCHOLARSHIP FUNDING

WITH A 2-YEAR COMMITMENT TO THIS PROGRAM, YOU RECEIVE A 90% TAX CREDIT

THAT MEANS, FOR A $100 DONATION YOU HAVE GIVEN LCA $1,000 TO MAKE THE SCHOOL MORE ATTAINABLE FOR FAMILIES WHO OTHERWISE CANNOT AFFORD THE TUITION

“If there has ever been a truly rewarding and helpful program for Christian Schools, Pennsylvania’s EITC (Educational Improvement Tax Credit Program) is it! There are very few “no brainers” that we come across in our lifetime, but I would have to say, in my opinion, that this is one of them. To be able to significantly offset (up to 90%) my state income tax owed each year with tax credits based on my giving to LCA is a win-win. The EITC program allows me to significantly support Christian education in my local area with only a minor incremental cost. I would encourage anyone with a passion for Christian education to get educated and avail him or herself of this very meaningful program.”

Joshua Ottinger, VP of Operations, Strategic Wealth Alliance Group –

HOW THIS BLESSES LCA

SCHOOL ACCESSIBILITY

EITC funds address one of LCA’s greatest desires: limiting financial roadblocks and making LCA accessible to as many families as possible!

FINANCIAL
RELIEF

Establishing a healthy EITC fund would remove a very large portion of LCA’s operating budget that is allocated towards financial assistance.

SCHOOL DEVELOPMENT

The financial relief provided through EITC funds means that the money can then be allocated towards other areas of school growth and development!

HOW IT WORKS

  • KNOW YOUR TAX LIABILITY
    -There is a $1,000 minimum to participate
    -Up to $750,000
  • APPLYING
    -Business Owners and Individuals can apply through a SPECIAL PURPOSE ENTITY form. SEE BELOW
  • ONCE APPROVED
    – ACSI / Children’s Tuition Fund will notify you of your acceptance into the program
    -They will provide you details of next steps on making your contribution
  • TAX CREDIT
    -ACSI / Children’s Tuition Fund will provide you with a K1 tax document, and details on how to submit in order to receive your tax credit.

FORMS AND CONTACT INFORMATION

Development Director

Jeremy Kappes

ACSI Program Director

Catherine Long