EDUCATIONAL IMPROVEMENT TAX CREDIT

Settlement Music School participates in Pennsylvania's Educational Improvement Tax Credit Program (EITC).

Your company may be able to contribute to Settlement through EITC in a fast & easy way and receive up to a 100% corporate tax credit. For example, you may contribute $10,000 to the Kaleidoscope Pre-K program and receive a complete $10,000 tax credit.

Settlement has two EITC-eligible programs:

  1. Kaleidoscope Pre-K, an EITC Pre-K Service Organization (PKSO), is a nationally renowned Head Start program serving two underserved Philadelphia communities. See Kaleidoscope in action.
  2. Music Education Pathways (MEP), an EITC Educational Improvement Organization (EIO), is a transformative after-school program for four Philadelphia schools in low-income communities. See Music Education Pathways in action

Important EITC material here:

  • A summary of EITC, MEP and Kaleidoscope, along with EITC guidelines, can be found HERE.
  • Instructions for online applications can be found HERELog in in order to apply (both first-time and returning applicants must apply online).

EITC Business Application Timeline

  • May 15 – Businesses returning for a 2-year commitment

  • July 1 – Businesses applying for a one-year commitment

For either date, please apply as close to the first day as possible because the tax credits are distributed through a competitive lottery process.

In addition, individual partners and corporate members (such as lawyers and accountants) may participate separately from their partnerships and corporations. Please consult with your accountant.

Donors to Kaleidoscope through EITC for 2015-2016:

EITC_Logos_2015-16

For more information, please contact Andrew Brenner, Government Relations and Research Manager, via email or call 215.320.2674.