PA Tax Credit Program
Turn Your Tax Dollars Into Tuition!
Malvern Prep’s Educational Improvement Tax Credit/Opportunity Scholarship Tax Credit (EITC/OSTC) Program*, allows you to redirect your corporate and/or individual PA state taxes to Malvern Prep.
By participating in the program, you are directly contributing towards financial aid resources and in turn, providing the lifelong gift of brotherhood to future Friars.
You can access a 90% tax credit by participating in a 2 year commitment to the program and you can access a 75% tax credit with a 1 year commitment.
*Malvern Prep partners with organizations such as BLOCS and The Foundation for Catholic Education to help facilitate the distribution of funds and K-1 tax forms.
Click here to register for an EITC/OSTC Information Session
Questions?
If you are ready to participate or require additional information, please contact Bridget O'Halloran, Director of Annual Giving, or Jason B. Bozzone P'25, Director of Major Gifts & Planned Giving.
PA Tax Program Participant Estimator
We invite you to use the calculator below to estimate your possible gift through the PA Tax Credit program. Enter your taxable income in Pennsylvania and your filing status. If the estimated minimum yearly donation is more than $5,000 you are eligible to enroll in the program. Adjust the yearly donation amount, to see what the actual cost to you will be after the credits and deductions have been applied.
This tool is for informational purposes only and we do encourage you to contact your tax professional if you would like to enroll in the PA State Tax Credit Program with Malvern Prep.
Taxable Income in Pennsylvania
PA State Tax Liability
6,140
Federal Tax Liability
48,000
Yearly Donation (2 Year Commitment Required)
There is a minimum contribution amount of $5,000 to enroll in the program, and based on your PA State Tax Liability, your maximum donation amount is $4,999.
Malvern Prep Receives
$6,140
PA State Tax Credit
$5,526
Federal Tax Deduction
$147
Actual Cost to You
$467
How to Apply:
Malvern Prep is a proud member of the Business Leadership Organized for Catholic Schools (BLOCS). By participating in the EITC program through BLOCS, companies and individuals may choose to join at any time of the year. The application process has never been easier with the support of BLOCS Development Managers.
You may also choose to apply directly through the Commonwealth of Pennsylvania. New applicants must apply on July 1. For complete details on participation in the EITC program and the approval process through the Commonwealth of Pennsylvania, please visit their website.
Companies/individuals can claim credits against the following:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Bank and Trust Company Shares Tax
- Title Insurance Companies Shares Tax
- Insurance Premiums Tax
- Mutual Thrift Institutions Tax
- Insurance Company Law of 1921
- Personal Income Tax of S corporation shareholders or Partnership Partners
Eligible entities include:
- C Corporations
- S Corporations
- Limited Liability Corporations
- Partnerships
- Limited Liability Partnerships
- Sole Proprietorships
Learn more about Malvern's EITC Program:
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“The EITC program is an absolute game changer and the easiest way to help give back to Malvern Prep. Without financial aid, I would have never attended Malvern Prep and my life would have taken a much different trajectory.”
-Jim Jacobs '90 P'23'24
