Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (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. Our goal 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 $3.2 million in financial aid awarded in 2017-2018, the Academy was not able to meet the full need of all qualified students. Corporate support, through EITC and OSTC donations, is essential to achieving this goal.
All applications are now online through a single electronic application.
May 15 – Deadline for business applicants who have fulfilled their two-year commitment and wish to reapply in 2019-2020 to renew their two-year commitment.
May 15 – Deadline for businesses who are in the middle of their two-year commitment.
July 2 – Deadline for all other businesses, including first-time applicants.
Please visit the Pennsylvania Department of Community and Economic Development website for more information, or contact Alicia Barnes at 412-968-3017 or email@example.com.
Shady Side Academy would like to thank these generous companies for participating in the EITC & OSTC Scholarship Partners Program in the recent years.
|Allegheny Mineral Corporation|
|Bennett Supply Company|
|Casey Equipment Corporation|
|Cleveland Brothers Equipment Co., Inc.|
|Far & Sure LLC|
|Federated Investment Counseling|
|Frank B. Fuhrer Wholesale Company|
|Glimcher Brokerage, Inc.|
|Glimcher Group, Inc.|
|The Golden Bone Pet Resort|
|Mid Atlantic Capital Group|
|Mid Atlantic Trust Company|
|NexTier Bank, N.A.|
|PNC Bank, NA|
|Ross Development Company|
|Town Development, Inc.|
|UGI Storage Company|
$5.5 million has been donated to the financial aid program at Shady Side Academy since the inception of the EITC program.
225 grants have been awarded to talented students who could not have afforded a Shady Side education otherwise.
63 students, on average, receive a Shady Side EITC award each school year.
105 businesses have partnered with Shady Side Academy through EITC since 2001.
$8,500 is the average amount of a single EITC award for the school year.