EITC/OSTC Tax Credit Programs

Corporate Support for Lancaster Country Day School through
Educational Improvement Tax Credit Program (EITC)
Opportunity Scholarship Tax Credit (OSTC)

Summary Description
LCDS is eligible to receive corporate gifts through two programs offered by the Commonwealth: the Opportunity Scholarship Tax Credit (OSTC) and the Educational Improvement Tax Credit (EITC). In return, Pennsylvania offers each participating company a tax credit for up to 90 percent of the value of the gift.  Both programs provide LCDS students financial aid; OSTC funds specifically benefit students from underperforming districts. 

Summary of Guidelines and Corporate Requirements
Both programs are offered by Pennsylvania’s Department of Community & Economic Development (DCED), which provides a full set of guidelines on its website.
 
The credits received may offset corporate net income tax, capital stock and franchise tax, bank and trust company shares tax, title insurance companies tax, insurance premium tax, and mutual thrift institutions tax (and S-Corp personal income tax for partners and shareholders).

The LCDS Development Staff is eager to speak with interested companies but also encourages companies to consult with their tax preparers with regard to eligibility.

  • Business registers on the "single application” page of the DCED website so as to create a user name and password. 
  • Business completes application for the preferred program.
  • Application is submitted electronically using DCED's Single Application for Assistance.

  • Business must submit a signature page to DCED via US mail
  • Commonwealth confirms eligibility to participate.
  • Business issues gift to LCDS
  • LCDS produces a letter of acknowledgement that the business submits to the Commonwealth for tax credit.
 
Please note, because of its popularity, the Commonwealth’s funding for the EITC program is always oversubscribed on the first day the program opens (whereas OSTC funding is often available for several months). For this reason, awareness of EITC dates and deadlines is important:  

  • Renewal EITC applications for existing donors may be submitted from  May 15 to June 30th
  • First time EITC applications should be submitted on the first day the program becomes available (typically July 1st). 
Contacts and Links
Shelby LaMarLCDS Chief Advancement Officer: 717-392-2916, ext. 231
DCED Website
OSTC Website 
EITC Website

List of 6 members.

  • Shelby LaMar 

    Chief Advancement Officer
    Read Bio
  • Corinne Topper 

    Director of Annual Giving
    Read Bio
  • Anne Dandridge '98 

    Director of Alumni & Community Relations
    1998
    Read Bio
  • Ellen Simpson 

    1973
    Read Bio
  • Sherry Vernet 

    Special Events Coordinator
    Read Bio
  • Debby Stahl 

    Database Manager
    Read Bio

An independent, college-preparatory school founded in 1908, Lancaster Country Day School combines a rigorous curriculum with a supportive and encouraging faculty to ensure that every preschool-12th grade student receives the best education available. In addition to Lancaster, students come from Hershey, York and Reading to become part of our vibrant, high-spirited community.


Lancaster Country Day School © 2013

725 Hamilton Road
Lancaster, PA 17603
Phone: (717) 392-2916