PA Tax Credit (EITC/OSTC)

Contributions made through the Educational Improvement Tax Credit (EITC) provide financial aid to qualified students who attend an eligible scholarship organization, like Montgomery School. 

Contributions made through the Opportunity Scholarship Tax Credit (OSTC) program support Montgomery students who live in neighborhoods with low-achieving public schools (bottom 15% in Pennsylvania).

When an approved individual or business agrees to participate in the program for two consecutive tax years, they may be eligible for a tax credit equal to 90% of the total contribution.

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

• Personal Income Tax of S corporation shareholders or Partnership partners
• Corporate Net Income Tax
• Capital Stock/Foreign Franchise Tax
• Bank Shares Tax
• Title Insurance & Trust Companies Shares Tax
• Insurance Premium Tax
• Mutual Thrift Tax
• Malt Beverage Tax
• Retaliatory Fees under section 212 of the Insurance Company Law of 1921

Individuals must be employed by or own a For Profit Company or have a tax filing status of Married Filing Jointly with a
spouse who is employed by or owns a For Profit Company. A new letter ruling also allows individuals employed by a non-
profit to participate if they own stock in a PA based company.

How does EITC/OSTC benefit Montgomery School?

Montgomery School is committed to enrolling a diverse student body from varying economic backgrounds. The EITC and OSTC programs support our financial aid efforts and impact students who, without your assistance, would not be able to attend Montgomery School.

Learn more about EITC/OSTC.

The following resources may help in the application process. If you have any questions, please contact the Director of Development.

Department of Community and Economic Development (DCED)
Central PA Scholarship Fund 
BLOCS 
Bridge Educational Foundation
EITC Guidelines
OSTC Guidelines
EITC Special Purpose Entities Donor Guide 
EITC Special Purpose Entities Quick Reference Sheet

Make a difference.

When you're ready to make your contribution, checks can be made to Montgomery School. Please send to the attention of the Development Office to Montgomery School's mailing address with a copy of the letter you received from the Commonwealth of Pennsylvania.

For more information, please contact the Office of Development at development@montgomeryschool.org.