Educational Improvement Organizations (EIOs) can enhance their funding and support by partnering with Friends of Education. This collaboration offers a streamlined way to maximize EITC contributions and provides EIOs with the opportunity to present a new tax-advantaged giving option to their donors. Here’s how Friends of Education can support your organization:
- Expand EITC Access for Your Donors: Friends of Education manages partnerships with over 100 nonprofits across Pennsylvania and has significant experience with the EITC program. By working together, EIOs can provide their donors with an accessible pathway to direct Pennsylvania state tax credits to educational initiatives, potentially turning tax obligations into educational impact.
- Supporting Your Work: Friends of Education has established Special Purpose Entities (SPEs), through which individual donors as well as businesses can contribute to EIOs, without applying through the state. This structure increases the pool of eligible participants, allowing more donors to use their tax dollars effectively for educational innovation.
- Amplify Donor Impact: Friends of Education facilitates donations that yield a 90% Pennsylvania state tax credit for a two-year commitment. This substantial tax benefit makes it an attractive choice for donors looking to make a significant impact with minimal net cost. By adding this option, EIOs can attract new donors or increase existing donor contributions.
Through partnership with Friends of Education, EIOs can provide a powerful giving tool that resonates with tax-conscious donors, ultimately driving greater investment in educational improvement and innovation across Pennsylvania.
Contact us to request more information about partnering with Friends of Education.