Opportunity Scholarship Tax Credit Program (OSTC)
Christopher Dock Mennonite High School receives support through the OSTC program. This support provides tuition assistance for students and families who demonstrate financial need. Click here for an OSTC contribution form.
The Opportunity Scholarship Tax Credit program allows businesses to contribute to an opportunity scholarship organization like Dock to provide funding to eligible students who reside within the attendance boundaries of a low-achieving school. A “low-achieving school” is defined as a public elementary or secondary school in Pennsylvania ranking in the bottom 15 percent of their designation as elementary or secondary school based on combined math and reading scores on the most recent PSSA results.
The OSTC program enables companies to support local non-profit charities, at minimal cost. This is a tremendous incentive for companies to direct their tax dollars into their community. In addition to the state tax credit received, many companies can also deduct their contribution on their federal tax return.
Companies can claim the credit against:
- Corporate net income tax
- Capital stock and franchise tax
- Bank and trust company shares tax
- Title insurance companies shares tax
- Insurance premiums tax
- Mutual thrift institutions tax
- Personal income tax – Subchapter s-corporations and other “pass-through” entities will be able to use the credit against the shareholder, member, or partners’ PA personal income taxes.
Business application timeline
- May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in the current fiscal year to renew a 2-year commitment
- May 15 – Businesses who are in the middle of a 2-year commitment
- July 1 – All other businesses including Pre-K business applications
- Applications must be submitted electronically using DCED’s Single Application for Assistance.
- Review the Business Application Guide
- Tax credit applications will be processed on a first-come, first-served basis by day submitted. All applications received on a specific day will be processed on a random basis before moving on to the next day’s applications.
- Applications will be approved until the amount of available tax credits is exhausted.
Upon approval, businesses will receive a letter from the Department of Community and Economic Development (DCED). An approved business then has 60 days to mail their contribution to an approved Scholarship Organization such as Mennonite Foundation. Upon receipt of the contribution, the Scholarship Organization will mail a receipt letter to the business which can then be forwarded to the DCED in order for the business to receive their tax credits. The entire process must take no more than 90 days from the date of approval.
How to apply – parents/guardians
Parents or guardians with children currently enrolled in a low-achieving school can inquire about transferring to Christopher Dock Mennonite High School by contacting Doug Hackman, director of admissions, at firstname.lastname@example.org.
The PA Department of Education has published a list of low-achieving schools. To see if a current school is on the list, please click on the following link: List of low-achieving schools.
Christopher Dock Mennonite High School receives support from the OSTC program through the Pennsylvania Mennonite Schools Organization (PAMSO) via the Mennonite Foundation.
The Mennonite Foundation
Attn. Nikki Shingle
960 E Main Street
Mount Joy, PA 17552