A pre-k through eighth grade coed day school
Challenging our students to cultivate a better world 

Pennsylvania’s Educational Improvement and Opportunity Scholarship Tax Credit Programs (EITC and OSTC) Programs

Newtown Friends School has been approved to participate in the Pennsylvania Educational Improvement Tax Credit and the Opportunity Scholarship Tax Credit Programs. The PA EITC and OSTC programs enable businesses to support need-based tuition assistance at Newtown Friends School and also receive a tax credit for your business contribution. If you are affiliated with a company that pays Pennsylvania taxes, EITC/OSTC provides tax credits of 75% of your business contribution, up to a maximum of $750,000 annually. A business that agrees to make a contribution for two consecutive tax years may receive a tax credit equal to 90% of its contribution. 

How Does It Work?
Tax credits are available on a first-come, first-served basis. To apply, businesses should complete Pennsylvania’s online single-page application, available on July 2, 2018. 

Renewal applications for donors who made a two-year commitment are accepted beginning on May 14, 2018. 

Once your business is approved from the state, businesses have 60 days to make their contribution to Newtown Friends School. The School then will send an acknowledgement to the business for tax purposes.

Who is Eligible?
Businesses authorized to do business in Pennsylvania who are subject to one or more of
the following taxes:
  • Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank and Trust Company Shares Tax
  • Personal Income Tax of S corporation shareholders or Partnership partners
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • Title Insurance Company Shares Tax
Support of the EITC and OSTC programs helps to ensure that more students have access to an NFS education. Thank you for your consideration. For additional information, please contact Diane Zimmaro, Director of Advancement.