Support Shipley

EITC & OSTC Programs

Educational Improvement Tax Credit (EITC) and

Opportunity Scholarship Tax Credit (OSTC) Programs

Businesses that pay certain types of Pennsylvania tax may apply for a tax credit in exchange for making scholarship contributions to schools like Shipley. 

 

It is with great pleasure that I support Shipley through the Educational Improvement Tax Credit (EITC) Program. Not only does it make sense for INTECH from a business standpoint, but, more importantly, our participation is helping to open doors for talented students who are eager to take advantage of a Shipley education. It is such a worthwhile program; I can’t think of a reason why we wouldn’t want to participate!

William Schwartz, parent of Ali ’10 and Drew ’11, and Co-Owner of INTECH Construction

Throughout the 2014-2015 school year, Shipley has received almost $1,000,000 in EITC and OSTC scholarship funds, enabling us to assist deserving and talented students from Chester, Delaware, Montgomery, and Philadelphia counties who otherwise would not be able to afford a Shipley education.

By making a contribution to Shipley’s scholarship fund, your company can save in Pennsylvania tax as much as 90% of the value of the gift. Please take a few moments to review this opportunity with your company’s tax advisor. Your support of Shipley through the EITC and/or OSTC Programs will help the School make its educational experience available to the most capable students regardless of their financial circumstances.

  

The following businesses have made contributions through the EITC and/or OSTC Programs:



    • For the 2015-2016 program year, applications must be submitted electronically using DCED's Single Application for Assistance
    • Businesses must first go through a one-time registration process on the Single Application page in order to create a user name and password.
    • After filing the application online, the business must submit the signature page to DCED by mail.
    • Businesses must submit their applications on July 1, 2015 in order to avoid being placed on a wait list. Last year, all available EITC funding was depleted on the first day. Historically, OSTC funding has been available for a longer period of time, but submitting on July 1 is highly recommeded.
    • Applications for the second year of a two-year commitment may be submitted starting on May 15, 2015.
    • Businesses who have fulfilled their two-year commitment and wish to reapply to renew their two-year commitment may submit their applications starting on May 15, 2015.
    • Tax credits are given for 75% of the business's contribution to the Shipley scholarship fund, up to a maximum of $750,000 annually.
    • A business that agrees to make the same contribution for two consecutive tax years may receive a tax credit equal to 90% of its contribution, again up to a maximum of $750,000 annually.
    • Helpful links:

For further information on the EITC or OSTC Programs, please contact:

Christopher C Farr, Director of Development
610.581.4650 or cfarr@shipleyschool.org

Betsy Hastings Block '83, Associate Director of Development
610.581.4655 or bblock@shipleychool.org

The Shipley School

814 Yarrow Street, Bryn Mawr PA 19010
T: 610.525.4300 F: 610.525.5082
Follow Us on FacebookSubscribe to our NewsfeedFollow us on TwitterWatch our YouTube ChannelFollow us on PinInterest

Get Connected