This weekend in Punxsutawney Pennsylvania the famous groundhog Phil will make a weather prediction about the next 6 weeks. As it -2 degrees in Punxsutawney today I predict the weather is going to get warmer. As winter turns to Spring new opportunities exist for donors to participate in the Pennsylvania EITC Special Purpose Entity (SPE) program. A donor redirects their 2019 Pa taxes to a school as scholarships. Under our SPE program 100% of your donations go to scholarships at any K-12 or Preschool in Pennsylvania that charges tuition. A list of our schools funded to date are here with additional schools added as funds become available.
Award letters were issued January 7, 2019 for several of our SPEs and are currently accepting donors. We expect to get additional second chance awards from our July 2018 applications that were wait listed as additional 2019 tax credit award letters in March, April, May and June 2019.
Donors who fund their donations early in 2019 can avoid paying Pennsylvania estimated taxes due April 15, 2019 and quarterly thereafter. Schools get scholarships in their normal scholarship window between May 2019 and September 2019 before the new school year begins.
Our Executive Director Tami Clark has blank joinder applications available for Spring 2019 donations that will be requested quickly and Fall 2019 donations that will be requested when award letters arrive in Fall 2019. Approved completed joinders reserve a 2019 SPE EITC credit for you on a first come first serve basis so early joinder completion assures your ability to participate as a new SPE donor for 2019.
Existing donors automatically have a reservation for 2019 at their same contribution level. This level can be changed by written signed instructions or in July 2019 we will contact Fall 2019 donors with a preprint 2019 joinder and request for any changes.
Thank you to all the donors, school development officers and accountants who have participated to date in our charity and SPE. Our open network of schools and dedicated partners have created a successful charity and it has been my pleasure and Tami Clark’s pleasure to serve you in the past and will continue to be our pleasure to serve your Pennsylvania Education tax credit needs and Special Purpose Entity (SPE’s) participation in the future.
As winter warms up and the ice and snow melts please consider participating in our Spring 2019 new SPE donor program. If you need further information please feel free to reach out to Tami Clark or me for further clarification of your needs or clarification of our program for yourself, your school or your accounting firm clients.
Award letters were issued January 7, 2019 for several of our SPEs and are currently accepting donors. We expect to get additional second chance awards from our July 2018 applications that were wait listed as additional 2019 tax credit award letters in March, April, May and June 2019.
Donors who fund their donations early in 2019 can avoid paying Pennsylvania estimated taxes due April 15, 2019 and quarterly thereafter. Schools get scholarships in their normal scholarship window between May 2019 and September 2019 before the new school year begins.
Our Executive Director Tami Clark has blank joinder applications available for Spring 2019 donations that will be requested quickly and Fall 2019 donations that will be requested when award letters arrive in Fall 2019. Approved completed joinders reserve a 2019 SPE EITC credit for you on a first come first serve basis so early joinder completion assures your ability to participate as a new SPE donor for 2019.
Existing donors automatically have a reservation for 2019 at their same contribution level. This level can be changed by written signed instructions or in July 2019 we will contact Fall 2019 donors with a preprint 2019 joinder and request for any changes.
Thank you to all the donors, school development officers and accountants who have participated to date in our charity and SPE. Our open network of schools and dedicated partners have created a successful charity and it has been my pleasure and Tami Clark’s pleasure to serve you in the past and will continue to be our pleasure to serve your Pennsylvania Education tax credit needs and Special Purpose Entity (SPE’s) participation in the future.
As winter warms up and the ice and snow melts please consider participating in our Spring 2019 new SPE donor program. If you need further information please feel free to reach out to Tami Clark or me for further clarification of your needs or clarification of our program for yourself, your school or your accounting firm clients.
