Through the establishment of Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, donors can receive up to a 90% tax credit against their personal PA state tax liability by making their gift through BLOCS.
Make a 2-year commitment to a scholarship donation through BLOCS by redirecting your Pennsylvania state tax liability.
You then sign your LLC agreement and write your check to BLOCS. BLOCS then disperses the funds to HFCA or to an additional school of your choice.
BLOCS provides you with a K-1 for your donation, and your 90% tax credit is issued to you by the state.
Your tax credit can either be used to fund your year 2 commitment to BLOCS, or it can nearly double your annual donation to your designated school.
For more information on the Educational Improvement Tax Credit, visit the BLOCS organization's web site - BLOCS Tax Credit