Educational Improvement Tax Credit

The Warwick Education Foundation (WEF) is fortunate to have a number of local businesses participate in the Pennsylvania Educational Improvement Tax Credit Program (EITC).  Eligible businesses are those authorized to do business in Pennsylvania and are subject to one or more of the following taxes:

  • Corporate Net Income Tax
  • Capital 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 Corporation Shareholders or Partnership Partners

An eligible business can be approved for a tax credit equal to 75% of its contribution(s) to an approved nonprofit Educational Improvement Organization (EIO) such as the WEF to a maximum of $400,000 per taxable year. The tax credit may be increased to 90% of the contribution(s) made, to a maximum of $400,000 per taxable year, if the business agrees to provide the same amount of contribution(s) for two consecutive years.

Additional information regarding the EITC Program can be found on the PA Department of Community and Economic Development website at www.newpa.com/eitc and by contacting info@warwickef.org.

To date, over $640,000 has been contributed to the WEF from EITC contributions. The EITC contributions will be used to fund approved innovative educational programs that provide technology, reading programs, and more for Warwick students.

We recognize and thank the following businesses for their donations to the WEF by participating in the PA EITC Program for the current fiscal year ending June 30, 2014:

  • Clair Audio Enterprises
  • Clair Global
  • Dart Corporation
  • Ephrata National Bank
  • Fulton Bank
  • GIANT Food Stores
  • Lancaster Leaf Tobacco
  • Lift, Inc
  • Lititz Mutual Insurance Company
  • Metro Bank
  • Northwest Savings Bank
  • Phillips Office Solutions
  • Susquehanna Bank
  • Whalen Insurance

Thank you for empowering youth for the future.