EITC

Pennsylvania's Educational Improvement Tax Credit (EITC)

A gift to FOW can provide your company with a substantial tax credit through the Pennsylvania Educational Improvement Tax Credit Program (EITC). By making a contribution to FOW’s Little Friends of the Wissahickon program, a company can receive PA state tax credits equal to 75% of its contribution(s) up to a maximum of $750,000 per taxable year. This can be increased to 90% of the contribution, if a company agrees to support the same amount for two consecutive years. Your support of the Little Friends program will help FOW engage the next generation of Wissahickon Valley Park stewards.

About Little Friends of the Wissahickon

Philadelphia has the largest park system in America, but many of our residents are unaware of the amazing natural resource within walking distance of their own homes. Little Friends of the Wissahickon is designed to inspire Philadelphia’s next generation of nature lovers and park stewards.

This program engages Philadelphia public school students (K-1st grade) with Wissahickon-themed natural sciences in the hopes of sparking enthusiasm for our public green spaces. Understanding the challenges that most public schools face when going on a field trip, the Friends will provide transportation and programming at the Wissahickon Environmental Center free of charge.

FOW was founded in 1924 with the mission “to conserve the natural beauty and wildness of the Wissahickon Valley and stimulate public interest therein.” It is with this mission in mind that FOW looks to the future and our city’s next generation, and seeks to inspire the same enthusiasm for Wissahickon Valley Park that inspired the creation of Friends of the Wissahickon 94 years ago.

Who's Eligible

Businesses authorized to do business in Pennsylvania who are the subject to one or more of the following taxes:

  • Corporate Net Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Bank Shares Tax
  • Title Insurance and Trust Company Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • Gross Receipts Tax
  • Tax under the Insurance Company Law of 1921
  • Personal Income Tax of S-Corporation shareholders or Partnership partners

What is the business application timeline?

On May 15, businesses who fulfilled their two-year commitment can reapply to renew their two-year commitment. Businesses in the middle of their two-year commitment can also renew at this time for a second year.

On July 2, all other first-time applicants, including businesses wishing to submit an additional application on top of their previously submitted 2-year commitment, can apply.

How do I participate/apply?

Simply apply to the Department of Community and Economic Development (DCED) for the Educational Improvement Tax Credit program (EITC).

A few good things to know are:

  • Applications are only accepted online. Click here for instructions on using the DCED portal (linked below).
  • All applications are approved on a first-come, first-served basis by date received.

Click here to apply today!

Contact Development Manager Giulia Morrone at morrone@fow.org or 215.381.2950 to organize your business’s contribution or ask any questions.

Contact Development Manager Giulia Morrone at morrone@fow.org or 215.381.2950 to organize your business’s contribution or ask any questions.