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 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 Insurance Premium Tax (excluding unauthorized, domestic/foreign marine)
Capital Stock / Foreign Franchise Tax Mutual Thrift Tax
Corporate Net Income Tax Malt Beverage Tax
Bank Shares Tax Surplus Lines Tax
Title Insurance & Trust Company Shares 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 are 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 to our Business Partners

Alliance Business Systems

Aqua Pennsylvania

Athletic Club of Fairhill

BHC Holdings, Inc.

Brandywine Brokerage Company

Bridge Educational Foundation

Brooks Provisions Inc.

Bryn Mawr Trust Company

BLOCS

Customers Bank

Dental Arts on the Square

DNB First

Fulton Bank

H.A. Thomson Company-Municipal

Haverford Systems Inc.

Hawkins Technologies LLC

Iron Workers Bank

J.M. Doyle & Associates

KeyBank

Keystone Health Plan East IBC

Malvern Bank

Meridian Bank

Merrill Lynch

Michael R. Rhile Carpentry, Inc.

National Bank of Malvern

PA Partners for Education, LLC and PWC

Pennsylvania Clinical Schools

Phelan Hallinan Diamond & Jones, LLP

Philadelphia Insurance Companies

Philip Rosenau Co. Inc.

PNC Bank

Priority Express Courier

Republic Bank

Roffman Miller Associates Inc.

Rose Valley Asset Management LLC

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, Inc.

Unbound Medicine

United Savings Bank

Universal Health Services, Inc

Utica National Insurance Group

Verizon

WSFS Bank

Zoll LLC