Educational Improvement Tax Credit Program

Did you know that in less than five minutes, you can redirect your state tax dollars to help provide tuition assistance for future Malvern Prep students?

By participating in corporate giving through the Commonwealth’s Educational Improvement Tax Credit (EITC), you can enable us to provide students financial aid that specifically benefits those who otherwise would not be able to afford a Malvern Prep education. 

Through corporate and individual support, tuition assistance has been awarded to 43 current Malvern Prep students to date. Although our goal is to expand the program, our primary focus is to continue to provide funding for these students. Malvern Prep strives to provide equal access to all young, deserving scholars. 

This simple act of redirecting tax dollars will make Malvern Prep possible for financially deserving students and families. Your commitment will help a place that you love and also provide the lifelong gift of brotherhood to a young man.
 
Malvern Preparatory School is a recognized Scholarship Organization (SO) under the EITC program through the Pennsylvania Department of Community and Economic Development. By participating in the EITC program, you or your business can directly impact education by designating business tax credits to Malvern Prep. Eligible applicants can receive a tax credit equal to 75 percent of your contribution and, for a company that commits to the program for two consecutive years, the credit is 90 percent of your contribution.

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.

If you are ready to participate or require additional information, please complete the form below or contact Pam Engle at 484-595-1113 or pengle@malvernprep.org.

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:

Please complete the form below to receive more information about Malvern's EITC Program.