LCDS is eligible to receive corporate and individual 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 participant 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.
The LCDS development staff is eager to speak with interested companies and individuals but also encourages them to consult with their tax preparers regarding eligibility. Call Chief Advancement Officer Shelby LaMar at (717) 397-7240.
Please note: Because of its popularity, the Commonwealth’s funding for these programs is always oversubscribed on the first day the program opens. For this reason, awareness of key dates and deadlines is important:
- Renewal EITC/OSTC applications for existing donors may be submitted from May 15 to June 30
- First time EITC/OSTC applications should be submitted on the first day the program becomes available (typically July 1).