for Catholic Education PA Tax Credit Programs 2019-2020 Foundation for Catholic Education PA Tax Credit Programs 2019-2020

MISSION OF THE FOUNDATION Support and enhance Catholic Education in the Archdiocese of Philadelphia. Support the County Advisory Councils Our goal is to leverage the EITC and OSTC programs, allowing us to maintain and increase the enrollment at all the Elementary and High Schools. To achieve our goal, the successful solicitation, communication and distribution of EITC and OSTC funding is critical to the Catholic Schools in the Archdiocese of Philadelphia.

Participate in: Here’s how easy it is! EITC / OSTC / SPE The state of Pennsylvania allows PA tax payers to redirect their liability to your Catholic School! Here’s how easy it is! Participate in: EITC / OSTC / SPE 3 April 11, 2019

Educational Improvement Opportunity Scholarship Tax Credit Programs: Funds Available for Families EITC OSTC Educational Improvement Tax Credit   85 Million Available at the State Tuition Assistance K-12  Eligibility: $100,608 Maximum Income for family with one child $15,608 for each additional child Family must apply through FACTS Opportunity Scholarship Tax Credit 35 Million Available at the State Tuition Assistance K-12 Students residing within a low achieving school district. A low achieving school is defines as ranking in the bottom 15% Same income requirement as EITC Family must apply through FACTS

Two Ways to Participate! Businesses Individuals PA businesses can contribute up to $750,000 to the program. C-Corps,  S-Corps, LLCs and Limited Partnerships are eligible to participate.   Available to Those Who Do Business in PA Receive a 75% Credit for 1-Year Commitment or 90% Credit for 2-Years New Businesses Can Apply by July 1st  Designate to a Catholic School of Your  Choice Individuals with a PA tax liability can now join a Special Purpose Entity (SPE) to take full advantage of the PA EITC programs.  Use the Credit for Your Personal PA Taxes 90% Tax Credit for a 2-Year Commitment Currently Recruiting Members Designate to a Catholic School of Your Choice Minimum donation is $1,000 April 11, 2019

What is SPE 2019-20? The SPE 2019-20 program, is an LLC that the Foundation has created to allow individuals to now participate in the EITC/OSTC programs. The sole purpose of the SPE is to: direct EITC/OSTC funds to families sending their children to our Catholic schools. The Catholic Education, LLC 2019-20 is made up of many individuals who want to support Catholic Education. The Foundation for Catholic Education will apply on July 1, 2019 for the SPE. SPE Members receive a 90% PA Tax Credit for a Two Year Commitment if approved by the State. 6

SPE Commitment to Contribute Catholic Education 2019-2020-A, LLC I agree to contribute the sum of $ per year to the above SPE in years 2019 and 2020. I understand that the SPE will provide me with a final Operating Agreement. I also understand that my commitment to the SPE will not be final until I agree and sign the SPE’s Operating Agreement. My contact information is as follows: Member Name: Parish: Home Address: E-Mail: Phone Number: Designation Information Amount of Designated Contribution: $ Schools Designating Contribution to: Amount of Undesignated Contribution: Would you like to donate 20% of your contribution to your county for strategic allocation? Yes No Signature:

SPE 2019-20 Scenario: 90% Tax Credit 8

SPE 2019-20 Scenario (Withholding):

SPE 2019-20: Critical Dates 10

In Summary, by participating in the EITC / OSTC Programs you will… Receive a 90% PA Tax Credit WHILE providing Tuition Assistance to Catholic School families at the Catholic elementary school of your choice So why not participate? 11 April 11, 2019

EITC AND OSTC PROGRAMS: SPECIAL PURPOSE ENTITIES Catholic Education 2015-2016 - A, LLC (Renewed 17-18 and 18-19) Approved for $255,500 in OSTC The SPE consists of 26 members Commitment is 2 years (School Year 2015-16 and 2016-17) Catholic Education 2016-2017 - A, LLC (Renewed 18-19 and 19-20) Approved for $136,760 in EITC The SPE consists of 28 members Commitment is 2 years (School Year 2016-17 and 2017-18) Catholic Education 2018-2019 - A, LLC (Pending Approval) Applying for $1.5 million in EITC in 2018 The SPE consists of 500 members - Average 3,000 per donor Commitment is 2 years (School Year 2018-19 and 2019-20)

Contact Information Judi Neeld Director of Development Phone: 610.793.8503 E-mail: jneeld@foundationforcatholiceducation.org 13