Pennsylvania Business Tax Credits

EITC/OSTC Tax Credit Programs: Corporate Support for Linden Hall School through the Educational Improvement Tax Credit Program (EITC) and Opportunity Scholarship Tax Credit (OSTC)

If you own a business authorized to operate in Pennsylvania, donations to Linden Hall may be eligible for a credit toward your business’s tax liability for the year the contribution was made.

The Commonwealth of Pennsylvania offers financial aid funding to private eligible schools through two programs:

  • EITC, the Educational Improvement Tax Credit Program
  • OSTC, the Opportunity Scholarship Tax Credit Program (OSTC funds are restricted to students from underperforming public school districts.)

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes are eligible to participate:

  • 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

Additional information is available in the Department of Community and Economic Development guidelines for the EITC and OSTC. Please consult a tax professional regarding eligibility.

When an EITC or OSTC contribution is received by Linden Hall, a receipt letter of acknowledgement is sent to the donating company to submit to the Commonwealth of Pennsylvania to receive tax credit.

Northwest Bank Makes Scholarship Donation through State Program

Linden Hall appreciates Northwest Bank’s support of its scholarship funds through the Pennsylvania Department of Community and Economic Development’s Business Tax Credits Program.

The state programs—EITC, the Educational Improvement Tax Credit Program, and

OSTC, the Opportunity Scholarship Tax Credit Program—give Pennsylvania students the opportunity to attend state-approved schools of their choice while providing a tax credit to participating businesses.

Linden Hall awards financial aid to students who demonstrate need, and merit scholarships to its highest-achieving applicants.

“The business community’s support of Linden Hall through the EITC and OSTC Programs allows capable young women throughout the state of Pennsylvania to attend the oldest girl’s boarding school in the country, allowing them to receive a world-class college-prep education while staying in the local area,” said Linden Hall Director of Advancement Margie Clugston. “We’re pleased to recognize Northwest Bank’s continued leadership of supporting outstanding educational programs for young women.”

PHOTO : Northwest Bank’s Eastern Region Senior Vice President for Commercial Lending Julia N. Flynn and Cash Management Advisor Timothy Miller present a check to Linden Hall Head of School Michael E. Waylett and former Director of Advancement Margie Clugston.