Tax Credit Programs

Delone Catholic is excited to share information with you that will change how you view paying your state and federal taxes each year. You have to pay these taxes regardless, so why not have a say in how your taxes are allocated? The Educational Improvement Tax Credit (EITC) program for corporations and the Special Purpose Entity program for individuals and businesses puts the power in the hands of the taxpayer to direct money to support Catholic education, specifically tuition assistance for Delone Catholic families.

The school has partnered with Redefined Advisors, who specialize in the EITC Tax Credit Process. Please feel free to contact them at info@redefiningeducation.org or 814-419-5505 with any questions.

Do you know a business or individual who might be interested in directing tax dollars in support of Delone Catholic students? Please use this referral form so that we can be in contact with them.

If you are interested in supporting Delone Catholic through the SPE program, please contact Mr. Matthew Thomas, Director of Community Engagement at mthomas@delonecatholic.org or 717-637-5969, Ext. 216.

EITC for Corporations
SPE for Individuals and Businesses

EITC for Corporations

Delone Catholic is an approved organization that accepts gifts through the EITC (Educational Incentive Tax Credit) program. Corporate donors who designate gifts within this program can earn up to 90 percent in tax credits for the total amount of their donations.

Gifts provided under the EITC program are directly applied to providing tuition assistance and financial aid to DCHS students and their families, helping to make a DCHS education accessible to more of our communities’ amazing youth and young adults.

Get full details on the EITC information online.
Corporate donors must indicate Neumann Educational Foundation/Delone Catholic on the one-page application.

If you are interested in supporting Delone Catholic through a designated EITC, please contact Mr. Matthew Thomas, Director of Community Engagement at mthomas@delonecatholic.org or 717-637-5969, Ext. 216.

SPE for Individuals and Businesses

A Special Purpose Entity (SPE) allows Pennsylvania individuals to re-direct 90 percent of personal state income taxes to Delone Catholic. SPE is based on tax liability, not income. Therefore, each taxpayer’s situation will differ. SPE gifts are directly applied to tuition assistance to help make a DCHS education accessible to a greater number of students in our community.

The following is an example based on $10,000 of state income tax liability. Households may start to participate at $1,000. Charles is in the 37% tax bracket and itemizes his deductions. He donates a $10,000 tuition scholarship to Delone Catholic High School, a private Christian school that participates in the PA EITC/SPE program. For his donation, Charles receives a 90 percent PA tax credit, and a $370 charitable gift deduction on his federal taxes. With the EITC/SPE tax credits, Charles’ net out of pocket is $630.

Tuition Scholarship Donation	$10,000
PA Tax Credit	($9,000)*
Federal Tax Charitable Gift Donation	$370
Net Out of Pocket	$630

On average, it takes only 10 minutes to complete the application.

Three Steps as Easy as S.P.E.

Send

in your joinder application ASAP.

$1,000 min. contribution

$3,500 min contribution

Pay

your tuition scholarship donation once your tax credit is approved by the Commonwealth of Pennsylvania.

Enter

your contribution on your PA Tax Returen for a 90% tax credit.

FAQs on Special Purpose Entity (SPE)

Can these credits be used on both individual and joint income tax returns?

If I participate in these tax credits, how much will it cost me?

Upon acceptance, you will be asked to make an out-of-pocket donation, up to the amount of your annual state taxes. Early the following year, you will receive a K-1 statement to be used when you file your taxes in the spring. The K-1 will qualify you to receive a refund of 90 percent of your donation from your Pa. state income tax liability and a federal tax deduction for the remaining 10 percent of your donation.

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In This Section

Tax Credit Programs

EITC for Corporations

SPE for Individuals and Businesses

Three Steps as Easy as S.P.E.

Send

Pay

Enter

FAQs on Special Purpose Entity (SPE)

Can these credits be used on both individual and joint income tax returns?

If I participate in these tax credits, how much will it cost me?

What percentage of my contribution goes to the school of my choice?

How do I indicate the school or tuition scholarship fund that is to receive my contribution?

Do I need to reapply to the SPE each year?

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