Maximizing EITC Benefits: How Businesses Can Support Radnor Education with Pennsylvania Tax Credits 

How Businesses Can Support Radnor Education with PA Tax Credits

Friends of Education was invited to present at an event designed to educate local businesses on Pennsylvania’s Educational Improvement Tax Credit (EITC) program hosted by the Radnor Educational Foundation and Radnor Memorial Library Lunch & Learn, an event designed to educate local businesses on Pennsylvania’s Educational Improvement Tax Credit (EITC) program. Held on March 21, 2025, this informative session provided business owners, entrepreneurs, and corporations with insights and information into the EITC Program and the significant role businesses play in supporting education and community initiatives. 

Discover how businesses can claim a 90% tax credit through Pennsylvania’s EITC program while supporting Radnor Educational Foundation and Radnor Memorial Library programs 

What is an Educational Improvement Organization (EIOs)?

Under Pennsylvania tax law, Educational Improvement Organizations (EIOs) are nonprofit organizations approved by the state to receive EITC contributions and use those funds to support innovative K-12 educational programs. These programs are designed to enhance student learning beyond standard academic curricula and provide unique educational opportunities in the public-school settings.   

Both the Radnor Educational Foundation and Radnor Memorial Library are registered EIOs, meaning they are eligible to receive EITC-designated contributions from businesses looking to take advantage of the state’s tax credit incentives. By directing funds to these organizations, businesses help expand enrichment opportunities for students and the community.   

How Do EITC Dollars Directly Impact Education and Community Programs?

These programs, funded by business contributions through EITC, enhance learning, foster creativity, and strengthen community engagement. 

Radnor Educational Foundation – Supports enrichment programs that enhance K-12 education in Radnor schools. EITC dollars help fund: 

• STEM Education
• The Arts
• Technology Initiatives
• Hands-on learning experiences that go beyond traditional classroom instruction, inspiring students and enhancing their academic journey.

 Radnor Memorial Library – Utilizes EITC funding to support key literacy and enrichment programs, including: 

• Summer Reading Program – Encourages children to read and learn during summer break, preventing learning loss and fostering a lifelong love of books.
• Smart Kids – Engages young learners in fun, interactive activities that strengthen critical thinking and problem-solving skills.
• Science in the Summer – A hands-on STEM initiative providing elementary and middle school students with exciting science experiments and activities to boost their interest in science and discovery.

These programs, funded by business contributions through EITC, enhance learning, foster creativity, and strengthen community engagement. 

“Instead of sending your money to Harrisburg, why not invest it directly into your community?” asks Todd Unger, Director of Friends of Education, who spoke at the Lunch & Learn event. Unger, an attorney with an LL.M. in Taxation, highlighted how businesses can leverage the EITC program to make a meaningful local impact in Radnor Township while maximizing tax benefits. 

A Powerful Tax Incentive: 90% State Tax Credit for Donors

One of the most attractive benefits of the EITC program is the generous tax credit offered to participating businesses. A tax credit is a dollar-for-dollar reduction in an income tax liability.  Companies that commit to a two-year donation receive a 90% state tax credit on their contribution, significantly reducing their Pennsylvania tax liability while making a meaningful impact on education.  A tax credit is a dollar-for-dollar reduction in your income taxes.   

“This win-win opportunity allows businesses to redirect tax dollars they would already owe to the state and instead invest in local education initiatives that benefit students, schools, and the broader community, says Todd Unger. 

Federal Tax Treatment of EITC Contributions  

Key Topics Covered

Expert Panel & Engaging Discussions  

In addition to Todd Unger, the event featured a representative from the Department of Community and Economic Development (DCED), the state agency responsible for overseeing the Pennsylvania tax credit program. First Resource Bank, a key participant in the program, also presented, sharing insights as a business EITC tax credit donor supporting local initiatives in Radnor. The event was further enriched by a heartfelt testimonial from a mother whose children benefit from the Summer Reading and Science in the Summer programs offered by the Radnor Memorial Library. The powerful community impact of the EITC program in Radnor was evident throughout the session, leaving a lasting impression on all attendees. 

A Win-Win for Businesses & Education 

By participating in the EITC program, businesses not only reduce tax liability but also play a crucial role in supporting educational initiatives, workforce development, and community growth. Contributions to the Radnor Educational Foundation and Radnor Memorial Library ensure that students receive enriching educational experiences, and the local community benefits from expanded literacy and STEM programming. 

For more information on how to participate in the EITC program, contact Friends of Education at info@pataxcredits.org. Over the past two years, Friends of Education has raised $37 million through both the scholarship tax credit program and the educational improvement organization program. If you want to redirect your tax payments to support organizations like the Radnor Education Foundation, Radnor Memorial Library, or other registered educational improvement organizations and scholarships across the Commonwealth, contact Friends of Education. Friends of Education streamlines EITC giving, making it an effective strategy for maximizing your philanthropic impact. Contact Friends of Education now at info@pataxcredits.org.