Special Note: All credits for the current 2009-2010 fiscal year have been fully exhausted. DCED will place new applications on a waiting list to be approved if credits become available. Due to the popularity of the program, please be sure to submit your application(s) for the 2010-11 fiscal year on Thursday, July 1, 2010 (or July 8 for pass-through entities).

 

To learn how to contribute to the Second Century Scholarship Fund through the EITC / PKTC Program, please view our seven-step process here.

 

What Schools does the Second Century Fund support?

* Denotes participation in the PKTC (Pre-K) Program.

 

Blair County

Cambria County

Altoona Central Catholic*

All Saints, Cresson *

Hollidaysburg Catholic *

Basilica of St. Michael, Loretto

St. John the Evangelist, Altoona *

Cathedral Catholic Academy, Johnstown *

St. Matthew, Tyrone *

Holy Name, Ebensburg *

St. Patrick, Newry *

Northern Cambria Catholic, Nicktown *

St. Rose of Lima, Altoona *

Our Mother of Sorrows, Johnstown *

Bishop Guilfoyle Catholic HS, Altoona

Queen of Peace Golden Rule Pre-School, Patton*

 

St. Andrew, Johnstown *

Bedford County

St. Benedict, Carrolltown *

St. Thomas the Apostle, Bedford *

St. Benedict (Geistown), Johnstown *

 

Bishop Carroll Catholic HS, Ebensburg

Centre County

Bishop McCort Catholic HS, Johnstown

St. John the Evangelist, Bellefonte *

&

Our Lady of Victory, State College *

Somerset County

 

St. Peter, Somerset

Clinton County

 

Lock Haven Catholic *

 

 

Does my business qualify?
The program is open to businesses that are subject to any one of the following six taxes:

'
  • Capital Stock Franchise Tax
  • Corporate Net Income Tax
    • Bank and Trust Company Shares Tax
  • Title Insurance Company Shares Tax
    • Insurance Premiums Tax
  • Mutual Thrift Institutions Tax

    •  

    Businesses may elect to pass through tax credits to the Personal Income Tax of S Corporation Shareholders, or partners in a general or limited partnership by meeting DCED application filing requirements.

     

    What is the maximum credit my business can receive?

    If a business agrees to make the same EITC contribution to an organization for two consecutive tax years, it may earn a credit equal to 90% of its contribution. For a one-year commitment, a business may earn a 75% credit for a one-year commitment. For a PKTC, a business may earn a 100% tax credit on the first $10,000 donated and 90% over that amount.

     

    When can I apply to the DCED for tax credit approval?
    The tax credit pools are filled each year beginning on July 1. Since the program has become quite popular, you should plan to submit your application(s) on the first business day after this date. [As of October 31, 2008, $11 million is still available for K-12 and $500,000 for Pre-K. Please apply today!

     

    Who do I help with a contribution to the Second Century Scholarship Fund?
    You help children enrolled in pre-kindergarten and/or kindergarten through grade 12 in one of the Catholic schools located in Blair, Bedford, Cambria, Centre, Clinton, and Somerset counties. Maximum family income is $60,000 for a family with one dependent child. The maximum increases $10,000 for each additional dependent member of the household. For example, a family with four dependent children and income of $90,000 or less would be considered eligible under state guidelines.

     

    For More Information

     

    Please contact Christopher Ringkamp, Diocesan Director of Development, for additional assistance at either (814)695-5577, extension 153, or ringkamp@dioceseaj.org.

     

    Contributions outside of the Pennsylvania Educational Tax Credit program are also welcomed. Charitable gifts made to the Second Century Scholarship Fund are tax deductible to the extent permitted by law.