Benefits for PA Businesses and Individuals:
- Receive up to a 90% PA state tax credit for your contribution.
- Get a 10% federal charitable deduction.
- Directly support educational opportunities for students in need through Bristol Riverside Theatre.
Eligibility Requirements:
- Donors must have Pennsylvania-source income.
- Must be employed by, a shareholder of, or a partner/member in a business that pays PA state taxes.
- Must be current on all state and federal tax obligations.
The organization that makes this possible is Friends of Education, which partners with organizations to simplify the EITC process. Through Friends of Education's special purpose entities (SPEs), donors can easily redirect a portion of their tax dollars to support educational programming. This process supports initiatives that make a difference in the lives of children in Philadelphia.
Frequently Asked Questions:
How does redirecting my taxes benefit education in Pennsylvania?
By redirecting your tax dollars to an EIO like Bristol Riverside Theatre, you support programs that directly benefit students and improve educational outcomes.
What are the tax benefits of making an EITC-qualified gift?
By utilizing the EITC program, it costs very little to donate significantly.
How do I enroll?
Work with Friends of Education to enroll:
- Speak with your tax advisor to confirm eligibility.
- Request a joinder agreement from Friends of Education at info@pataxcredits.org.
- Complete and submit your donation, designating Bristol Riverside Theatre.
- Make your first contribution as outlined in the joinder agreement.
What is the minimum contribution?
A minimum of $5,000 in 2024 and $5,000 in 2025.
What is the deadline to participate?
Credits must be utilized by December 2024.