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
- Choose between EITC or OSTC programs. Visit the DCED website for program details or contact MPFS for assistance.
- Apply online through the DCED Single Application page. Select your preferred program and indicate willingness to apply for the alternative if unavailable.
- Upon approval, contribute to MPFS within 60 days.
- 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

