Tax Credits & Planned Giving
Mercy receives funding from companies through two state tax-credit programs. The Educational Improvement Tax Credits (EITC) and the Opportunity Scholarship Tax Credits (OSTC) allow businesses that pay certain taxes to direct these monies to their charity of choice such as Mercy.
The Diocese of Allentown’s Eastern Pennsylvania Scholarship Foundation (EPSF) collects EITC and OSTC funds and allocates them to schools throughout the Diocese if those schools are not specifically designated by the donating business. Every cent of an EITC or OSTC contributions goes directly to the school designated by the business donor.
The application process and maximum tax credits the business is able to apply for are the same for EITC and OSTC. OSTC provides scholarships for K – 12 (no Pre-K programs). There is a residency requirement for student eligibility for OSTC. The student must reside within the boundaries of one of the 15% lowest performing schools in the state as designated by the PA Department of Education. Also, in allocating the OSTC scholarships, priority must be given to students whose families are at or below 185% of the federal poverty level (family of 4 must have less than $43,000 in annual income).
We’d like to thank the following corporations and businesses who supported Mercy through their EITC or OSTC contributions: