The Boys & Girls Club of Allentown has been approved as an Educational Improvement Organization under the Educational Improvement Tax Credit (EITC) Program for 2018-2019. As a reminder, a brief summary of the EITC Program is included for your convenience. We hope that you will select the Boys & Girls Club of Allentown as one of the charities you support for the EITC Program.
Educational Improvement Tax Credit Program – Q & A
Q: What is the Educational Improvement Tax Credit (EITC) Program?
A: The Educational Improvement Tax Credit (EITC) Program authorizes tax credits (not deductions) for businesses that make contributions to Educational Improvement Organizations (such as the Boys & Girls Club of Allentown). The program is administered by the Pennsylvania Department of Community and Economic Development (DCED). The EITC Program enables companies to support nonprofit organizations at minimal cost. Instead of sending tax dollars to Harrisburg, companies can reallocate them to support the Boys & Girls Club of Allentown.
Q: What businesses qualify?
A: Any business that pays any of the following Pennsylvania taxes:
Corporate Net Income Tax
Capital Stock Franchise Tax
Bank and Trust Company Shares Tax
Title Insurance Companies Shares Tax
Insurance Premiums Tax
Mutual Thrift Institution Tax
Personal Income Tax of S corporation shareholders or Partnership partners
Q: Why should businesses participate?
A: Businesses can significantly reduce their liability for Pennsylvania taxes while they support organizations, like the Boys & Girls Club of Allentown, which enhance educational opportunities for children. Additionally, by participating in the EITC program, an organization accrues the public relations benefits that occur whenever a company supports a worthy cause in the area where it does business. By supporting an education organization in which employees have a special interest, an employer can gain the appreciation of the people who make the business work.
By supporting the Boys & Girls Club of Allentown, you are standing behind an award-winning program. Our Make Your M.A.R.K.™ Program was recognized by Boys & Girls Club of America with a 2018 national Merit Award in the education category. Only two of these prestigious awards of excellence are given out annually. Another honor was awarded recently to one of our current Club members – Jeramiah Lyons who competed and won the 2018 Northeast Regional Youth of the Year and Pennsylvania Youth of the Year competitions. Jeramiah is the heart of our Sixth Street Clubhouse.
If you have any questions about the EITC Program, please contact Deb Fries-Jackson at 610-432-9944. We encourage you to follow us on social media where you can read our Club’s latest news.