educational investment tax credit

support the Museum’s impactful work while receiving tax benefits

overview

By giving a gift via the Pennsylvania Educational Improvement Tax Credit (EITC) program, companies have an opportunity to support the Museum’s impactful work while receiving tax benefits.

By removing financial barriers, your company can help all children, regardless of economic background, to experience field trips to MuseumLab and the Children’s Museum and developmentally appropriate learning activities that are concrete, real and relevant to their lives.

We know what EITC gifts mean to the schools we work with. Children’s Museum of Pittsburgh welcomed close to 13,000 disadvantaged students through our Free Field Trip program in the past.

what is eitc?

ETIC is a Pennsylvania Department of Community and Economic Development (DCED) program that provides state tax credits to eligible businesses for charitable contributions made to MuseumLab and Children’s Museum of Pittsburgh.

Any business authorized to do business in Pennsylvania that is subject to one or more of the below taxes is eligible for EITC tax credits:

Personal Income Tax
Capital Stock/Foreign Franchise Tax
Corporate Net Income Tax
Bank Shares Tax
Title Insurance & Trust Company Shares Tax
Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
Mutual Thrift Tax
Malt Beverage Tax
Retaliatory Fees under section 212 of the Insurance Company Law of 1921

how do I utilize eitc?

Visit the PA DCED website for EITC Guidelines and access to DCED’s electronic Single Application system to apply by for EITC. Once you apply and are approved by DCED, make your contribution to MuseumLab and Children’s Museum of Pittsburgh within 60 days.

Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made. Tax credits equal to 75% of your contribution up to a maximum of $750,000 per taxable year; this can be increased to 90% of your contribution if your business agrees to provide the same amount for two consecutive tax years.