Corporate Giving

Tax Credits for Tuition Aid Supporting MPFS Since 2005

Pennsylvania's Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs allow businesses, partnerships, and S-corp shareholders to reduce their PA state tax liability while supporting need-based scholarships at MPFS. Participants can receive tax credits up to $750,000 per year and gain a charitable giving deduction on Federal taxes.

How to Participate

  1. Choose between EITC or OSTC programs. Visit the DCED website for program details or contact MPFS for assistance.
  2. Apply online through the DCED Single Application page. Select your preferred program and indicate willingness to apply for the alternative if unavailable.
  3. Upon approval, contribute to MPFS within 60 days.
  4. Submit acknowledgment and completed form to the PA Department of Revenue within 90 days of approval.

Eligible Taxes

Tax credits can be applied to:

  • Personal Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Corporate Net Income Tax
  • Bank Shares Tax
  • Title Insurance & Trust Company Shares Tax
  • Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
  • Mutual Thrift Tax
  • Malt Beverage Tax
  • Retaliatory Fees under section 212 of the Insurance Company Law of 1921
  • Surplus Lines Tax

Application Timeline

  • May 15: Renewal for businesses fulfilling 2-year commitments
  • May 15: Businesses in the middle of 2-year commitments
  • July 1: All other businesses, including new applicants

For more information, contact MPFS' Advancement Office at 610.565.1960 x106.

NOTE: If you are not awarded credits through the state's direct application, or your allocated awards is less than your anticipated tax liability or you prefer a simpler path to tax credits, consider participating through The Friends Collaborative. This alternative provides an easier way to redirect your PA state taxes into educational scholarships

Thank You!

The EITC and OSTC programs have enabled MPFS families to receive  financial aid. Thank you to our business partners:

Alliance Business Systems
Aqua Pennsylvania
BHC Holdings, Inc.
Brandywine Brokerage 
Bridge Educational Found.
Brooks Provisions Inc.
Bruce Hunt - Rose Valley Asset Management LLC
Bryn Mawr Trust Company
BLOCS
Dental Arts on the Square
DNB First
H.A. Thomson Company-Municipal Thomas Giangiulio
Haverford Systems Inc.
Hawkins Technologies LLC
Iron Workers Bank
J.M. Doyle & Associates
Keystone Health Plan East/ Independence Blue Cross
Malvern Bank
Meridian Bank
Merrill Lynch
Michael R. Rhile Carpentry
National Bank of Malvern
PA Partners for Education
Pennsylvania Clinical Schools
Phelan Hallinan Diamond & Jones, LLP
Philadelphia Insurance 
Philip Rosenau Co. Inc.
PNC Bank
Priority Express Courier
Republic Bank
Roffman Miller Associates
The Community Foundation
The Hub, LLC
The MCS Group Inc.
UGI Energy Services, Inc.
UGI Storage Company
UHS of Fairmount Inc.
UHS of Pennsylvania
UHS Recovery Foundation, 
Unbound Medicine
United Savings Bank
Universal Health Services
Utica National Insurance 
Verizon
WSFS Bank
Zoll LLC