Redirect your PA state tax liability for a 90% tax credit
Fund need-based scholarships for Philadelphia area students to attend Catholic Pre-K, grade, and high schools while receiving a 90% tax credit
Program Overview
Through the establishment of Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, donors can receive up to a 90% tax credit against their personal PA state tax liability by making their gift through BLOCS.
An individual or company who wishes to take advantage of this tax-credit program may become a member of a BLOCS Scholarship LLC (“LLC”) with a 2-year commitment to fund the LLC. These credits will be distributed to each member via K-1 and are then applied to your PA tax liability for the tax year in which the donation is made.
What types of taxes can be offset by this credit?
Individuals who pay Pennsylvania income taxes and businesses that are authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
Personal Income Tax, Sub-chapter S-corporations and other “pass-through” entities will be able to use the credit against the shareholders’, members’, or partners’ PA personal income taxes
Corporate Net Income Tax
Malt Beverage Tax
Bank and Trust Company Shares Tax
Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
Mutual Thrift Institutions Tax
Title Insurance Companies Shares Tax
Retaliatory Fees under Section 212 of the Insurance Company Law of 1921
Becoming a Donor is Simple
Make a 2-year commitment to a scholarship donation through BLOCS by redirecting your Pennsylvania state tax liability.
You then sign your LLC agreement and write your check to BLOCS. We then disperse the funds to the school of your choice or that of greatest need if your gift is undesignated.
BLOCS provides you with a K-1 for your donation, and your 90% tax credit is issued to you by the state.
Your tax credit can either be used to fund your year 2 commitment to BLOCS, or it can nearly double your annual donation to your designated school.
PA Tax Program Participant Estimator
We invite you to use the calculator below to estimate your possible gift through the PA Tax Credit program. Enter your taxable income in Pennsylvania and your filing status. If the estimated minimum yearly donation is more than $3,000 you are eligible to enroll in the program. Adjust the yearly donation amount, to see what the actual cost to you will be after the credits and deductions have been applied.
This tool is for informational purposes only and we do encourage you to contact your tax professional if you would like to enroll in the PA State Tax Credit Program with BLOCS.
Stephanie Maiocco
Jeff Gibson
Jim Downey
