corporate giving: eitc & OSTC
Your business can directly impact the education of a child.
Shady Side Academy partners with the Pennsylvania Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) to provide financial aid scholarships for qualifying students. A goal of Shady Side is to provide equal access to academic excellence for children in our region. Every year, the number of academically talented students applying for financial aid increases and continues to exceed available funds. Even with more than $3 million in financial aid awarded in 2013-2014, the Academy was not able to meet the full need of all qualified students. Corporate support, through EITC donations, is essential to achieving this goal.
EITC & OSTC by the Numbers
$5.5 million donated to the financial aid program at Shady Side Academy since the inception of the EITC program.
225 grants that have been awarded to talented students who could not have afforded a Shady Side education otherwise.
63 students, on average, receiving a Shady Side EITC award per school year.
105 businesses partnering with Shady Side Academy through EITC since 2001.
$8,500 average amount of a single EITC award for the school year.
EITC & OSTC Application
All applications are now online through a single electronic application: EITC Single Electronic Application.
Please visit the Pennsylvania Department of Community and Economic Development website (www.newPA.com/EITC) for more information on EITC giving or contact Rick Munroe ’84, Shady Side Academy director of development, at 412-968-3044 or firstname.lastname@example.org.