Educational Improvement Tax Credit Program

Pennsylvania’s Educational Improvement Tax Credit (EITC) program helps to keep Sewickley Academy affordable for highly qualified students in need of financial assistance. While 100% of EITC donations directly benefit those families, EITC donors receive up to a 90% credit on their gift against their Pennsylvania State Taxes. (See the example graphic below.)
 

List of 4 items.

  • How can I determine the size of my gift?

    Consult your tax advisor to determine your estimated PA tax liability (PA-40, line 12 of your most recent return). Minimum gift: $3,500. Tax credits cannot be carried over to another tax year.

  • Who is the Central PA Scholarship Fund (CPSF)?

    Our partners in EITC fundraising, CPSF, process gifts for hundreds of schools across the Commonwealth of Pennsylvania (63 in Allegheny County), totaling millions of dollars of support.

  • When should I apply?

    Joinders are approved on a first-come/first-served basis. The sooner you apply, the better chances you have of securing tax credits.

  • Do I have to reapply?

    CPSF offers donors from the previous year the opportunity to renew their gifts first before assigning available credits to new donors. Returning donors can also request additional credits before they are offered to new donors.
EITC IMPACT:
  • Students Aided
    • 440 scholarships awarded since the program started in 2001.
    • 65 scholarships awarded thanks to Fall 2025 gifts.
  • Tuition Assistance Raised:
    • $10.7 M since the program started in 2001.
    • $1.4 M during the Fall 2025 cycle.
WHO BENEFITS:
  • PA KIDS from families with household incomes below $112,348 (+$19,775 for each dependent).
  • ACADEMY DONORS who receive up to a 90% PA tax credit from their gifts. With $10,679,000 raised since 2001, up to $9,611,100 was returned to donors in the form of PA tax credits.
  • SEWICKLEY ACADEMY affordability for deserving families!
 
TYPICAL CPSF TIMELINE
  1. Determine your estimated PA tax liability with your tax advisor (PA-40, line 12). *Credits cannot be carried over.
  2. First-come/first-served: complete the CPSF one-page, non-binding tax credit reservation form and upload using the secure link.
  3. CPSF requests your donation (on a normal PA budget cycle, as early as September for the fall or January for the spring).
  4. CPSF sends 100% of your donation to the Academy, and it is immediately applied to the needs of a qualified family.
  5. [TAX TIME] You receive a K1 tax form from CPSF to file with your taxes for a 90% PA tax credit on your gift from the previous calendar year. (Example: A gift made in the fall of 2025 can be claimed when you file in the spring of 2026.)

Sewickley Academy

315 Academy Avenue, Sewickley, PA 15143