Through the state of Pennsylvania’s Pre-Kindergarten Educational Improvement Tax Credit, corporations can receive tax credits for donating to pre-kindergarten scholarship organizations that provide low- and middle-income families with prekindergarten scholarships, as well as organizations that support innovative public school programs.
Businesses may donate up to $750,000 each year to EITC-eligible organizations and then claim 75% of that donation as a credit to offset their state tax liability. The credit can increase to 90% if a business commits to donating funds for two consecutive years.