The Pennsylvania Education Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs allow individuals and businesses to redirect their PA taxes into a gift to Archbishop Ryan High School to be used for financial aid.
Let’s Keep it Simple!!
Do you pay a minimum of $5,000 in PA state taxes per year? And instead of the state making the decision as to how these funds are distributed to state programs, would you like to have the ability to direct these funds to Archbishop Ryan to be used directly for tuition assistance for our students in need? With a 2-year commitment, using the minimum of $5,000 PA tax liability as an example, you could direct $10,000 directly to Archbishop Ryan to pay a student’s tuition and your out-of-pocket cost would only be $630 over two years. We understand that the tax details can be confusing but the process and application is simple. Our team is committed and ready to work with you or directly with you or your accountant to describe the process and answer any questions. Ready to take the leap to help assist Archbishop Ryan students reach their goals, select the button below and our team will contact you directly.
Our Mission
We believe that every school-aged child in the Philadelphia region, regardless of race or religion, deserves a future filled with promise and hope.
For more than forty years, Business Leadership Organized for Catholic Schools (“BLOCS”), has been committed to providing eligible* families access to high quality, value-based private or faith-based education, as an alternative to their area public school.
If eligible, these families will receive grade school, high school, or special education scholarships to attend a quality private school.
Scholarship Allocation
The BLOCS’ Scholarship Committee, in partnership with school administrators, identifies the families and students with the greatest financial need, helping them break the cycle of poverty by giving them access to safe, high-quality schools.
* Eligibility is based on income and geographical guidelines established by the state.
Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) Overview
Through the establishment of the Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, donors can receive up to 90% tax credit against their personal PA state tax liability by making their gifts through BLOCS.
An individual or company who wishes to take advantage of this tax-credit program may become a member of a BLOCS Scholarship LLC (“LLC”). These special purpose entities (or SPE’s), are the only financial vehicle available for individuals (or companies who do not have a direct tax credit approval) to be able to realize tax credits in return for scholarship donations.
To join, an individual or company makes a 2-year commitment, (minimum of $5,000 per year), to fund the LLC. After being approved by the state, BLOCS has 60 days to fund the LLC, meaning your first payment or two will be required within that time period. Your second (or year 2) contribution will be made approximately one year following the first payment date.
The LLC will then receive tax credits equal to 90% of the donation amount. These tax credits will be distributed to each member via K-1 and are then applied to your PA tax liability for the tax year in which the donation is made.
Pennsylvania Educational Improvement Tax Credit Program
What type of taxes can be offset by this credit?
Individuals who pay Pennsylvania income taxes and businesses that are authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
Personal Income Tax - Sub-chapter S-corporations and other “pass-through” entitieswill be able to use the credit against the shareholders’, members’, or partners’ PA personal income taxes.
Corporate Net Income Tax
Malt Beverage Tax
Bank and Trust Company Share Tax
Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
Mutual Thrift Institutions Tax
Title Insurance Companies Share Tax
Retaliatory Fees under Section 212 of the Insurance Company Law of 1921