EITC & SPE
Direct your PA TAX DOLLARS to
LITITZ CHRISTIAN SCHOOL
Click here for the 2023-24 JOINDER FORM and Mailing Instructions
We have an incredible opportunity
for eligible individuals and business owners to receive up to a 90% tax credit for contributions to the Educational Improvement Tax Credit (EITC) program by joining a Special Purpose Entity (SPE) to provide Tax-Credit Scholarships for Lititz Christian students.
Here are some important things to understand about SPE:
SPE enables qualified investors or business owners to multiply the impact of their contribution by 10 times.
SPE qualified investors receive up to a 90% tax credit on their PA tax liability for a contribution to help students afford Lititz Christian School (or any private school of their choice).
For example:
Tom Taxpayer owes $4500 in PA taxes. He joins the SPE and makes a contribution of $5,000. He will then receive a 90% tax credit on his SPE contribution, which will result in a $4500 tax credit that reduces his PA tax liability to zero. Thus, in effect, since Tom Taxpayer has to pay his $4500 PA taxes no matter what, it has cost him $500 out of pocket to redirect the entire amount of his PA tax liability to the school of his choice, resulting in a $5,000 EITC scholarship for students at Lititz Christian.
We are looking for individuals or businesses who pay at least $3,500 in Pennsylvania taxes, and have a joint income of $115,000/year. It is also possible for certain corporations, partnerships, insurance companies and banks to participate. If you, or someone you know meet this criteria, please email our Advancement Department at Advancement@lcstaff.net or call the LC office. (717-626-9518) .
Even if you are not a qualified investor yourself – you may know someone who is.
Please help us to meet people who are eligible and eager to partner with us in this program!
