K-12 Scholarship Organizations can enhance their funding potential by partnering with Friends of Education to leverage the Pennsylvania EITC program. This partnership offers Scholarship Organizations a streamlined path to increase EITC contributions and introduce a new tax-advantaged giving option for donors. Here’s how Friends of Education can support your organization:
- Expand EITC Access for Your Donors: Friends of Education collaborates with over 100 nonprofits across Pennsylvania, offering extensive experience in managing EITC contributions. By partnering with us, Scholarship Organizations can provide their donors with a tax-efficient way to support need-based scholarships, transforming tax obligations into opportunities for student success.
- Supporting Your Work: Through Friends of Education’s established Special Purpose Entities (SPEs), individual donors and businesses can contribute without applying through the state. This expanded eligibility means that more donors can contribute to your scholarship organization through an SPE, increasing your funding base and impact.
- Maximize Donor Impact: Friends of Education facilitates contributions that qualify for a 90% Pennsylvania state tax credit over a two-year commitment, making it an attractive option for donors. By offering this new giving avenue, Scholarship Organizations can attract more donors or increase existing donor contributions, furthering support for scholarships and educational access.
Partnering with Friends of Education allows K-12 Scholarship Organizations to present an impactful, tax-advantaged giving option, driving greater support for scholarships and broadening access to quality education across Pennsylvania.
Contact us to request more information about partnering with Friends of Education.