PA Educational Improvement Tax Credit Program (EITC)
Support the Y's social responsibility efforts and receive up to 90% of your donation amount in tax credits toward your eligible Pennsylvania tax liabilities as an LLC member.
About the Program
The Pennsylvania Educational Improvement Tax Credit (EITC) program allows nonprofit organizations to create Special Purpose Entities (SPEs), which are companies (LLCs) created with the sole purpose of supporting YMCA’s social responsibility programming. When joining YMCA LLCs, donors can support YMCA’s work with low-income families in underserved areas and receive tax credits of up to 90% of their donation, which can be applied against their Pennsylvania personal income tax or business tax liability.
Eligible individuals and companies who wish to participate may become members of our Teen Leadership Fund or Pre-K Scholarship Fund with a 2-year commitment, giving a unique way to support the community. Tax credits will be distributed to each member via a Pennsylvania Schedule K-1 and will be available for application against your eligible Pennsylvania tax liability for the year in which donation is made.
Calculate your contribution.
LLC membership requires a minimum contribution of $5,000 per year, with a 2-year commitment.
Certain requirements must be met in order to be eligible to become a member of an LLC, including that the prospective LLC member is an employee or owner of a for-profit entity that does business in Pennsylvania and is subject to at least one of the taxes listed below in the “Which Pennsylvania taxes can the EITC credits be applied to?” section.
Example Contribution
- Contribution to the Teen Leadership LLC: $10,000
- PA Tax Credit Reduction (90% of Contribution): (9,000)
- Net Federal Tax Reduction for Contribution (37% Tax Rate): (370)
- Out of Pocket: $630
Which Pennsylvania taxes can the EITC credits be applied to?
- Personal Income Tax
- Corporate Net Income Tax
- Bank and Trust Company Shares Tax
- Title Insurance Companies Shares Tax
- Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
- Mutual Thrift Institutions Tax
- Malt Beverage Tax
- Surplus Lines Tax imposed under Article XVI of the PA Insurance Company Law of 1921
PA State Tax Liability: $0. Donation estimate unavailable.
Based on the current Pennsylvania personal income tax rate of 3.07%.
The minimum contribution is $5,000 per year, for two years, totaling $10,000.
To fully meet your tax liability and maximize your tax credit benefits, this would be your yearly donation.
There is a minimum contribution amount of $5,000 to enroll in the program, and based on your PA State Tax Liability, your maximum donation amount is less than $5,000.
How does my contribution change lives?
Pre-K LLC Fund
By becoming a member of one of our Pre-K LLC Funds you are helping thousands of children access the education they need to start life off on the right foot. As parents struggle to balance their finances, the Y is dedicated to being a resource in offering affordable care with valuable educational opportunities.
This fund supports preschool, part-day preschool, toddler, and infant programs at YMCA child care centers.
Did you know? The YMCA serves:
- 3,424 unique children in 84 before and afterschool sites
- 1,006 unique children in 12 child care locations
- 6,143 unique children in 34 summer camp locations
Teen Leadership LLC Fund
Teens need guidance and care to reach their fullest potential. As a member of the Teen Leadership Fund LLC, you are ensuring teens have access to mentors, technological resources, and leadership programming for youth to realize their full potential.
Under the Y Achievers Program umbrella, this fund supports career and college readiness programming including workshops on finances, marketing, technology, STEM and the arts.
Did you know? The YMCA serves:
- 96,266 youth across 15 branches in the greater Philadelphia region
- 28,192 youth in programs like swim lessons, soccer, and basketball leagues
- 1200 students at the Model United Nations Conference
Contact our team!
Ready for the next step? A member of our team will walk you through becoming an LLC member.