Do you or someone you know own their own business? Are you looking for ways to turn your business tax dollars into scholarships? In 2001, the Commonwealth of Pennsylvania established the Educational Improvement Tax Credit (EITC) program to encourage the business community to make contributions to benefit Pennsylvania low-income students in exchange for substantial tax credits. Gifts from companies can now help low-income PA students realize the dream of a Wyncote Academy education. Through the EITC, businesses can significantly reduce their state tax liability by contributing/donating cash, personal property, or services to Wyncote Academy, a Pennsylvania recognized nonprofit scholarship organization.