EITC Tax Credit

Reduce Your Business Tax

Instead of paying your company taxes to the state of Pennsylvania, your monies could be designated to help families in poverty send their children to the Pre-K and Kindergarten of their choice.

EITC Pre-K Tax Credit (PKSO)

This option provides the greatest benefit to your business. 100% tax credit for the first $10,000 your business donates to provide scholarships for children in our pre-K programs (90% credit for every dollar beyond $10,000 up to $150,000).

EITC Tax Credit (SO)

75% tax credit for up to $300,000 donation to provide scholarships for children in our kindergarten class (if you make a 2-year commitment, the credit goes up to 90%). These donations also help provide scholarships for Wonder Club alumni to attend other Christian private schools. Wonder Club Early Learning Center is a ministry of Water Street Mission (Our official EITC identify is “Water Street Ministries”).

Steps to Apply

1. Submit Your Application Online to the DCED beginning July 1
(Applicants for 2nd year commitments or having just completed year 2 may apply beginning May 15th. To receive preferred status – ahead of new applicants – please submit application by June 30.) All applications are processed on a first-come-first-served basis until available tax credits are exhausted.

Applications are submitted online through the “single application for assistance.”

Begin Application

Download Instructions

Valuable Links

• FAQs: Educational Improvement Tax Credit Program (EITC) Frequently Asked Questions
• When you learn you are qualified and are ready to choose our organization to receive Kindergarten SO funds, visit Scholarship Organization & Educational Improvement Organization
• To donate to our Pre-K program, visit Pre-Kindergarten Scholarship Organization and conduct the same search.
• To jump right to the online application, visit HERE (Note: the link on our site is correct and does take them to this application).

Another way to make the most of the available tax credits is to learn about PA’s Special Purpose Entity (SPE) program!

Ask your financial advisor or accountant, or visit the Central PA Scholarship Fund, to learn about Special Purpose Entities (SPE) which allow you individually to receive Pennsylvania EITC tax credits up to your individual joint liability. Your investment funds pass through the SPE to Central Pennsylvania Scholarship Fund, for example, where they all go out to the school of your choice (Wonder Club Early Learning Center is Water Street Mission’s school) in a scholarship under the EITC rules. 100% of your funds are issued as scholarships to Wonder Club. You can preorder tax credits at any time and your investment is not due until the SPE award letter arrives. Investment must be made within 60 days of the award letter date so the SPE can claim the tax credits for you. The tax credits are passed through to you on an individual federal and Pennsylvania K-1 tax form each February to go with your individual PA 40 tax form and claim your Pennsylvania tax refund. The federal K-1 form lists your federal donation deduction for your individual tax return.

Contact Us

Jack Crowley
President
(717) 393-2716
jcrowley@wsm.org

Sandy Gambone
Business Ambassador
(717) 358-2032
sgambone@wsm.org

Download Instructions
Begin Application


2019-2020 EITC – SO K-12 Donors:

  • Stoltzfus Meats
  • Ephrata National Bank
  • Simon Lever, LLP
  • DH Funk & Sons, LLC
  • Sharp Properties Limited Partnership
  • Lancaster Leaf Tobacco Co. of PA
  • Donegal Mutual Insurance Co.
  • Webstaurant Store, Inc
  • BB&T
  • Fulton Bank
  • Garman Assets, LLC
  • Math-U-See DBA Demme Learning
  • Univest
  • Gibbel, Kraybill & Hess, LLP
  • Eastern Alliance Insurance Co.
  • Premier Custom-Built Cabinetry
  • Concept Excavating, Inc.
  • M & T Bank
  • UPMC Health Plan
  • Mid Penn Bank
  • Rohrer Dairy Farms, LLC
  • People’s Bank

SPECIAL PURPOSE ENTITIES (SPEs) organizations with whom we partner:

  • Everence Foundation, Inc.
  • Central Pennsylvania Scholarship Fund
  • Faith Builders
  • ACSI (Children’s Tuition Fund)

2019-2020 EITC Pre-K Donors:

  • Lancaster County Vacuflo, LLC
  • Hursh Painting Co Inc
  • Randal V. Kline, Inc.
  • Peoples Bank
  • Clark Fire Protection
  • CTD ICES, INC.
  • KLKD Properties, LLC
  • Rodgers & Associates, LTD
  • Avalon Insurance
  • Garber (Metrology) Scale Company
  • Orrstown Bank
  • Smucker Company
  • UPMC Health Plan
  • Weis Markets
  • Wolf & Kline Property Management, Inc
  • UGI Utilities, Inc.
  • J.S. Garman Electric, Inc.