EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC)

The Governor Mifflin Education Foundation (GMEF) is an eligible Educational Improvement Organization (EIO) under Pennsylvania’s Educational Improvement Tax Credit (EITC). Through the PA EITC, a business can redirect its tax liability by donating to an EIO, like the Governor Mifflin Educational Foundation (GMEF).

Tax credits are applied against a businesses’ state tax liability for the year in which the donation is made. Businesses that commit for two years get a 90% credit. The credit is 75% of the donation amount for a one-year commitment by the business. EITC for businesses is available on a first come, first served basis starting July 1 and fills up quickly.

Businesses that pay any of the following taxes are eligible to apply for the EITC program:

  • Corporate Net Income Tax
  • Capitol Stock Franchise Tax
  • Bank and Trust Company Shares Tax
  • Title Insurance Companies Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • Personal Income Tax of S Corporation Shareholders
  • Personal Income Tax of Partnership Partners

These taxes are typically paid by Corporations, Partnerships, LLCs, Banks, Insurance Companies, Title Companies and Mutual Thrift Companies. Companies can split their gifts among several EITC-approved nonprofits.

If your company participates in the EITC program, please consider selecting Governor Mifflin Education Foundation for your corporate donation.

Click here for more information on Pennsylvania’s EITC program

GOVERNOR MIFFLIN EDUCATION FOUNDATION

CONTACT US

Brett Mayer
Executive Director
10 S. Waverly Street
Shillington, PA 19607
484-769-8376
brett.mayer@gmsd.org