Educational Improvement Tax Credit Program (EITC)
What if we told you that instead of sending your tax dollars directly to Harrisburg, you could keep up to 90% of those tax dollars within Pittsburgh and help children gain valuable educational benefits? Thanks to the Pennsylvania Department of Community and Economic Development (DCED) Educational Improvement Tax Credit Program (EITC), you can! Of course your business can always make a contribution to Center of Life as it normally would, but why not receive steep tax credits while doing so? It’s a no-brainer!
Because of this, Center of Life’s KRUNK program has been officially designated as an Educational Improvement Organization (EIO) by the PA Department of Community and Economic Development (DCED). Being an EIO provides us the opportunity to receive a tax-reducing donation from companies that participate in the Educational Improvement Tax Credit Program (EITC).
If EITC is new to your business, please visit DCED’s website at https://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc/
By giving to Center of Life’s KRUNK program through EITC, your company could receive a tax credit (not a tax deduction) of up to 90% of your contribution to the KRUNK program.
Tax credits are granted to EITC-approved businesses providing proof of a contribution to the KRUNK program equal to 75% of the total amount given during the tax year. If you provide a written commitment to contribute to the KRUNK program for two consecutive years, your tax credit rises to 90% of the total amount given. This means that if you sign up to give $10,000 over two years, $9,000 of that money will go directly to Center of Life’s KRUNK program. Your tax dollars stay here, in Pittsburgh, where it will do so much more good for the education of our children.
When you give to Center of Life’s KRUNK program, your tax dollars stay within the Pittsburgh community, providing at-risk children the opportunity to further their business knowledge even before they attend college or post-secondary educational institutions. While 70% of Center of Life students come from households that receive government assistance, 90% of those children attend college or trade school after their time in the KRUNK program. Your contribution fosters this program, and provides opportunities once thought unimaginable by these students and their parents.
Please mail your PA EITC tax-credit donation to:
Center of Life
Attn: EITC Program
161 Hazelwood Ave.
Pittsburgh, PA 15207
After you mail your donation, Center of Life will be sure to meet the DCED’s acknowledgement requirements. For more information, please contact Patrick Ohrman at 412.608.6795 or firstname.lastname@example.org