Educational Improvement Tax Credit (EITC)

Warwick Education Foundation is a state-approved Educational Improvement Organization (EIO) and is eligible to receive contributions through Pennsylvania’s Educational Improvement Tax Credit Program.

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) 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 $1.1 million has been contributed to WarwickEducation Foundation from EITC contributions. The EITC contributions will be used to fund various educational programs to provide technology, reading programs, and more for Warwick students.