Through Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) Programs, individuals can redirect their Pennsylvania tax dollars to support scholarships for students at Cristo Rey Philadelphia High School. In addition to helping make a Cristo Rey education affordable and accessible to students from underserved communities, you receive a 90% tax credit against your personal Pennsylvania state tax liability.
Individuals wishing to participate in the EITC and OSTC programs may become a member of the Cristo Rey Philadelphia Scholarship #1 LLC, a special purpose limited liability company established to provide need-based scholarships. Special Purpose Entities are the only financial vehicle available for individuals (or companies who do not have direct tax credit approval) to be able to realize tax credits in return for scholarship donations.
To join, individuals or legal entities make a two-year commitment at a minimum of $5,000 per year to fund the LLC. The first contribution of the two-year commitment is due at signing. The second-year commitment is due the following year.
For more information, please click here. To give or learn more, please reach out to Kate Reilly at kreilly@crphs.org.