COURAGE FOR THE DEED;
GRACE FOR THE DOING
A gift to Shipley can provide Pennsylvania-based companies (and some individuals) with a substantial tax credit through the Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs.

By making a contribution to Shipley’s financial aid program, your company and/or you can save in Pennsylvania tax as much as 90% of the value of the gift. Your support of Shipley through the EITC and OSTC programs will help the School make its educational experience available to the most capable students regardless of their financial circumstances.

List of 5 frequently asked questions.

  • What is the difference between EITC and OSTC?

    Both programs support qualified students from low-income households and the tax benefit to the donor is identical. The OSTC program is slightly more restrictive, as the dollars can only support students from specific low-performing schools and no student may receive more than $8,500 in OSTC funding in a given year.
  • I don’t own a Pennsylvania business. Can I still participate?

    It is possible, depending upon your specific financial circumstances. While the tax benefit for individuals is similar to businesses, the application process is different. For more information, contact Josie Burri at 610-581-4650 or jburri@shipleyschool.org.
  • What happens after I submit my application?

    The Department of Community and Economic Development (DCED) will send an approval letter to businesses that have been awarded credits. The timing of these letters varies year to year, but they generally arrive between October and December. If Shipley is aware that you have made an application, we will let you know if we have any general updates from DCED.

    If you receive an approval letter from DCED, your business has 60 days to send a contribution to Shipley. We, in turn, will promptly issue a gift acknowledgement letter to your business, as the gift receipt must be submitted to DCED within 90 days of the original approval letter. Once DCED has received a copy of Shipley’s acknowledgement letter, your business will receive the tax credits described in your approval letter.
  • How do these programs work?

    Tax credits are available on a first-come, first-serve basis for contributions to schools such as Shipley that provide financial aid to students. Credits are applied against the tax liability for the tax year in which the contribution is made and are equal to 75% of the contribution, up to a maximum of $750,000 per year. Tax credits are increased to 90% for two-year commitments.
  • How do businesses participate in EITC and OSTC?

    Applications from businesses who are already in the program will be accepted online beginning May 14, 2018. Online applications from businesses new to the program will be accepted beginning July 2, 2018. If you are applying for the first time, it is imperative that your application be submitted on July 2, 2018 as EITC tax credits (which are more flexible for Shipley) are offered on a “first come, first serve” basis and are used up almost immediately.

For further information on the EITC or OSTC Programs

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The Shipley School
814 Yarrow Street
Bryn Mawr, PA 19010
T: 610-525-4300 F: 610-525-5082
Contact Us
The Shipley School is a private, coeducational day school for pre-kindergarten through 12th grade students, located in Bryn Mawr, PA. Through our commitment to educational excellence, we develop within each student a love of learning and a desire for compassionate participation in the world.