EITC/OSTC

The Commonwealth of Pennsylvania has approved The Pen Ryn School as a "scholarship organization" eligible for funds through the EITC (Educational Improvement Tax Credit) program or OSTC (Opportunity Scholarship Tax Credit).

If you are a Pennsylvania business owener, you may apply for a tax credit up to $300,000 per year in return for your contributions to The Pen Ryn School.

Businesses can receive a tax credit equal to 75% of their total contributions in one year, up to a maximum of $300,000 per taxable year. The tax credit can be increased to 90% if the business agrees to contribute the same amount for two consecutive tax years.

A 75% EITC/OSTC imparts an overall 91% effective tax credit to the business. The two-year commitment creates a 90% EITC that imparts an overall effective tax credit to the business of 100%. This is a tremendous opportunity to redirect your tax dollars to provide scholarship opportunities for students wishing to attend Pen Ryn.

Applications are administered by The Pennsylvania Department of Community & Economic Development and processed on a first-come, first-served basis until the annual budget is expended. Applications are accepted beginning July 1st each year.

For further details and application information, visit The PA DECD website or contact Leigh Reed, Head of School at Pen Ryn.