Tax Credit Estimator: Potential Scholarship Gift with PA Tax Credits

Tax Credit Estimator

We invite you to use this calculator to estimate your potential gift to a Friends school through the PA Educational Improvement Tax Credit (EITC) Program.
This tool is for informational purposes only and does not constitute tax or legal advice. Please contact your tax advisor for advice on your specific tax situation before enrolling in the EITC Program with The Friends Collaborative.
Your Gift Potential

Your contribution can range from $3,000 up to the Maximum Donation as calculated below. A 2-year commitment is usually required.
Type of Donor
Taxable Income
PA Tax Liability
Based on 2024 PA tax rate of 8.49% for C-Corps and 3.07% for other donor types
Maximum Donation, Using Tax Credits
Adjust this amount to see what the actual cost to you will be after all credits and deductions have been applied. 
Your Out-of-Pocket Cost (in PA)
After applying the PA tax credit, but before federal tax savings
Federal Tax Benefits

You may qualify for federal benefits if you itemize your deductions.
Out-of-Pocket Cost, Listed as Charitable Gift
If applicable
Federal Tax Bracket (%)
Refer to www.irs.gov/filing/federal-income-tax-rates-and-brackets for more info on your tax bracket
Your Federal Tax Deduction
Your Final Out-of-Pocket Cost to Make a Scholarship Gift
Learn More

Click SUBMIT to hear from someone at a Friends Collaborative Member School about your possible EITC Tax Credit benefits and receive a copy of your results.
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Tax Credit Estimator

Your Gift Potential

Federal Tax Benefits

Learn More