The Commonwealth of Pennsylvania offers two tax credit programs that make it possible for businesses to redirect their tax dollars to Plymouth Meeting Friends School to use for financial aid. The benefits to the school and deserving students are significant.

In 2001, the Commonwealth of Pennsylvania established the Educational Improvement Tax Credit (EITC) program to encourage the business community to make contributions to benefit Pennsylvania low-income students in exchange for substantial tax credits. Plymouth Meeting Friends School has been a recognized as a scholarship-providing organization since the program’s inception. Gifts from companies can help low-income students attend Plymouth Meeting Friends School.

With the success of the EITC, in 2012 Pennsylvania created a second program–the Opportunity Scholarship Tax Credit program (OSTC), to offer further support for students whose neighborhood schools have been determined to be low-achieving by the state.

The Pennsylvania EITC and OSTC programs enable a Pennsylvania business to direct up to $750,000 of its state tax dollars directly to the PMFS financial aid program and receive up to a 90% tax credit for a two-year pledge.

Tax credits are distributed on a first-come, first-serve basis.