Support Pittsburgh Ballet Theatre’s education programs through Pennsylvania’s Educational Improvement Tax Credit (EITC) Program
Pittsburgh Ballet Theatre (PBT) is an approved Educational Improvement Organization (EIO) under Pennsylvania’s EITC program. By participating, both businesses and individual taxpayers can provide essential funding for PBT’s innovative arts education initiatives while receiving substantial state tax credits.
Your EITC contribution enables students across our region to experience the joy and inspiration of dance, helping PBT bring immersive arts education to schools and communities that may otherwise lack access to these vital programs.
Why Participate in the EITC Program?
PBT’s educational programs spark creativity, enhance school curricula, and build confidence and collaboration skills in students. Through the EITC program, your support allows PBT to expand programs like our Student Matinee Series, Dance Residencies, Sensory-Friendly Performances, and other educational programs. With up to 90% of your contribution eligible for Pennsylvania state tax credits, your support maximizes both impact and financial benefit.
Corporate Giving through EITC
The EITC program offers Pennsylvania-based businesses the opportunity to invest in arts education while receiving valuable state tax benefits.
Tax Benefits for Businesses:
- A one-year commitment provides a 75% tax credit on your contribution amount.
- A two-year commitment provides a 90% tax credit each year.
Eligibility:
Your company may be eligible to participate in the EITC program if the business is authorized to do business in Pennsylvania and is subject to one or more of the following taxes:
- 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 to Apply:
- Consult with a tax advisor and determine eligibility
- Fill out the online application
Individual and Small Business Giving Through EITC
Pittsburgh Ballet Theatre donors can receive a Pennsylvania state tax credit up to 90% of their tax liability from EITC by contributing through our fundraising partner, Friends of Education LLC. You may be eligible for a tax credit from EITC if:
- You are employed by a business firm with a physical presence in Pennsylvania.
- You own one or more shares in a business firm with physical presence in Pennsylvania.
- You file taxes jointly with your spouse who owns shares of or is employed by a business firm with physical presence in Pennsylvania.
Here’s How It Works:
- Eligibility: Consult with your tax advisor to confirm eligibility and liability.
- Agreement: Contact info@pataxcredits.org to complete the joinder agreement for your 2024-2025 contributions.
- Deadline: Make your gift, designated to Pittsburgh Ballet Theatre, by December 1 to qualify for this year’s credit.
- Benefits: Once processed, you’ll receive a K-1 form reflecting your contribution and state tax credit.
Email info@pataxcredits.org today and see if you’re eligible to make an EITC gift!
The EITC program allows you to donate a lot for a small cost. The following chart illustrates the tax benefits.
Ready to Get Started?
For more information on how your business or individual EITC contribution can support Pittsburgh Ballet Theatre’s educational programs, please contact Alejandro Diaz at adiaz@pittsburghbalet.org. With your partnership, we can inspire the next generation and create a vibrant future through the power of dance.