The K.A.R.A.T.® School of Learning 
500 Chestnut Street
Greensburg, PA 15601

KSLgreensburg@karatlearning.com

K.A.R.A.T ®
.
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K.A.R.A.T ®
.
K.A.R.A.T. School of Learning
Kinesthetic Approach to Relevant Academic Teaching

​​Your tax liability can become a dream come true
for a qualifying family at the K.A.R.A.T. School of Learning.
​
We are pleased to announce that for the 2012-2013 School Year, the Commonwealth of Pennsylvania
​has increased its EITC Scholarship Fund and passed an exciting new scholarship ​program
​ to especially impact students residing in low-achieving school districts.
​
As of October 1, the $100 million in EITC funds have predominantly been allocated to businesses which applied in early July. But, as of December 1, there is still $35 million available through the new OSTC Program!
​Over 80% of the K.A.R.A.T. School of Learning student population qualifies for this
​scholarship support. Please read below how you can help.
​
Please contact the K.A.R.A.T. School for application assistance.
​
OSTC: Opportunity Scholarship Tax Credit Program
​
K.A.R.A.T. is thrilled to announce that Pennsylvania has passed a new tax credit program
​ called the Opportunity Scholarship Tax Credit (OSTC).
​
This great resource will assist children living within the boundaries of one of the bottom 15% of
​low-achieving school districts. Pennsylvania’s OSTC program will distribute $50 million dollars in tax credits to businesses willing to make a donation to qualified scholarship organizations such as the K.A.R.A.T. School.
​
Below are the highlights of the OSTC program:
​• For complete information from the Commonwealth on the OSTC program, click here.
​
• Complete Guidelines for Businesses are available here. You must apply online for this program.
​To begin the online-only application process, click here.
​You must first register by choosing a user name and password.

​​Please contact the K.A.R.A.T. School for help with this process.
​
​ The following taxes qualify:
​
​​​• Corporate Net Income Tax
​
​• Capital Stock Franchise Tax
​
​• Bank and Trust Company Shares Tax
​
​• Title Insurance Companies Shares Tax
​
​• Insurance Premiums Tax or Mutual Thrift Institutions Tax
​or a tax under Article XVI of the Act of May 17, 1921 (Insurance Company Law of 1921)
​
• In addition to the $400,000 allowed under the EITC program, companies can apply with the Department of Community and Economic Development (DCED) for up to $400,000 in OSTC tax credits.
​
Tax credits are issued on a first come, first served basis.
​Be sure to act fast!
​
We are pleased that families of students who learn differently in our region have
​another resource to access the quality education the K.A.R.A.T. School of Learning provides.
​
​We hope that you will join us in spreading the word
​about this life changing opportunity.
​
With sincere appreciation, we thank ITSEnclosures!
​
EITC: Educational Improvement Tax Credit Program
Corporations (both “C” and “S”) can significantly reduce their Pennsylvania state tax liability
​by receiving tax credits for donations to state-approved scholarship organizations such as the K.A.R.A.T. School.

​​Owners of sub-chapter S corporations, partnership partners, and other small and medium-sized busines​s
​that pay personal income tax on PA business income can fully participate in the program as well.
​
Corporations and business owners can choose to provide needs-based scholarships to lower and middle income families attending the K.A.R.A.T. School. The Educational Improvement Tax Credit (EITC) program provided $75 million in tax credits in 2011-12 to corporations and business owners that donated money to scholarship programs that serve private schools. That potential amount for 2012-13 has been increased to $100 million.
​
Entities authorized to do business in Pennsylvania who are subject to one or
​more of the following taxes are eligible to participate in the OSTC Program:
​
• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institution Tax, and now
• Personal Income Tax of S Corporation Shareholders and
• Partnership Partners

​Participants in the OSTC program may receive a state tax credit for up to 75% of their contribution up to a maximum of $400,000 per taxable year; the credit can be increased to 90% of the contribution, if the corporation or business owner agrees to provide the same amount for two consecutive tax years.
​
Participants that make donations to
​the K.A.R.A.T. School of Learning can
​also claim a charitable tax deduction on their federal tax return.
​
How can I apply?
An applications form and guidelines can be downloaded at www.newpa.com (Search EITC Business Guidelines).
For program inquiries or delivery of application via mail, fax, email, or in person:
Department of Community and Economic Development
The Educational Improvement Tax Credit Program
Center for Business Financing - Tax Credit Division
400 North Street, 4th Floor, Commonwealth Keystone Building
Harrisburg, PA 17120-0225
​
It is with deep appreciation that we thank the following companies for their generosity which has allowed more students to benefit from the research based programs taught at the K.A.R.A.T. School of Learning:
​ • ITS Enclosures
• The Community Foundation of Westmoreland County
• Blooming Genius
• Charter Oak Church
• Exelos Computer Solutions
• Skysight Photography

        OSTC Scholarship Support Programs
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​​​​​​Pennsylvania's Opportunity Scholarship
​Tax Credit Program