We have an incredible opportunity for certain eligible individuals and business owners to receive up to a 90% tax credit for contributions to the Educational Improvement Tax Credit (EITC) program by joining a Special Purpose Entity (SPE). Here are some important things to understand about this SPE opportunity.
Pennsylvania’s EITC (Educational Improvement Tax Credit) program allows individuals and businesses to receive tax credits which will reroute your tax dollars as tuition scholarships at Holy Trinity Catholic School.
Imagine this – a gift of $500 out of pocket can result in a $5,000 EITC contribution to help students afford Holy Trinity Catholic School! A $1,000 contribution can result in $10,000! And so on. And when you take into consideration your federal tax return, the effect is even greater.
Another way to look at this is: SPE enables qualified investors to receive a 90% tax credit on their PA tax liability for a contribution to help students afford Holy Trinity Catholic School ( or any private school of their choice).
Consider this example:
Joe Taxpayer owes $4500 in PA taxes. He joins the SPE and makes a contribution of $5,000. He will then receive a 90% tax credit on his SPE contribution, which will result in a $4500 tax credit that reduces his PA tax liability to zero. Thus, in effect, since Joe Taxpayer has to pay his $4500 PA taxes no matter what, it has cost him $500 out of pocket to redirect the entire amount of her PA tax liability to the school of his choice, resulting in a $5,000 EITC scholarship for students at the school.
PLEASE HELP US FIND MORE QUALIFIED INVESTORS AND BUSINESS OWNERS
Holy Trinity Catholic School is working with FundEDU and the Central Pennsylvania Scholarship Fund to
further our participation in the EITC Tax Credit program, and we need your help today.
As there is a limited number of credits available, it is critical for the Holy Trinity community to reserve our
tax credits NOW. Being early is the only way to ensure the program’s success at our school.
Participating is easy!
Reach out to FundEDU via phone or email for additional information and to learn how to participate.
We are excited about this partnership and the opportunities it will provide for our students.
Thank you in advance for your support of this program.