Turning tax dollars into AFS support.
Businesses, corporations, and individuals can support Abington Friends School through Pennsylvania state tax credit programs. These state tax credit programs allow individuals and businesses to provide financial aid scholarships for qualifying students, and then receive a PA state tax credit for up to 90% of their contribution amount.
For more information on each program, please see below. If you are interested in participating in a tax credit program, please consult your tax advisor and call the AFS Advancement Office at 215.576.3957 for more information.
Friends Education Equity Collaborative
Through AFS’s membership in the Friends Education Equity Collaborative, friends of AFS now have the opportunity to be a part of the Educational Improvement Tax Credit Program (EITC) and receive tax credits for supporting scholarships for AFS students. Individuals and businesses in Pennsylvania can participate in the Friends Collaborative by making a minimum contribution of $3,000 per year for two consecutive years to support tuition assistance at AFS and other Friends schools. In turn, participants receive a PA state tax credit for 90% of their contribution amount. As an example, a $10,000 Friends Collaborative gift to support tuition assistance has a net cost of just $1,000 to the donor – making this truly a win-win for donors and AFS! AFS receives at least 75% of every contribution from AFS donors, and the remainder supports scholarships at fellow Quaker schools in our area. Learn more about the Friends Collaborative.
Pennsylvania Educational Improvement Tax Credit Program (EITC)
The Commonwealth of Pennsylvania offers a unique opportunity for businesses in the state to reduce tax liability by contributing to registered scholarship organizations. As with the Friends Collaborative, through the EITC Program, businesses support scholarships at Abington Friends School and then receive a tax credit equal to 90% of the contribution for a two-year commitment, or 75% of the contribution for a one-year commitment. Learn more about the EITC program.
Pennsylvania Opportunity Scholarship Tax Credit Program (OSTC)
Similar to EITC, the OSTC program provides tax credits to eligible businesses contributing to an Opportunity Scholarship Organization. OSTC contributions are used to provide tuition assistance to eligible AFS students residing within the boundaries of a low-achieving school. Learn more about the OSTC program.