Education Improvement Tax Credit

Your Charitable Contribution Makes a Difference

As of summer 2019, the Curtis Institute of Music has been recognized as an Educational Improvement Organization. By making a gift to our EITC-approved programs, businesses large and small can now receive tax credits by helping ensure that our K–12 programming remains accessible to all.

Contributions to Curtis’s EITC-approved programs support Pennsylvania student participation in Curtis Harp Days, Sphinx Performance Academy, and our music education partnership with the School District of Philadelphia.

Questions?

For information about EITC and how to make a gift to Curtis, please contact the advancement team at (215) 717-3131 or giving@curtis.edu.

School District of Philadelphia Partnership

Each year, one or more of our Community Artist Fellows are paired with schools in the School District of Philadelphia to bring Curtis’s world-class instruction to approximately 160 music students. Supported by Curtis students enrolled in our artist-citizen curriculum, the fellows facilitate weekly coachings, interactive performances, invitations to Curtis performances, field trips to musical events around Philadelphia, and more for K–12 students enrolled in our partner schools.

Sphinx Performance Academy

Curtis and the Sphinx Organization, a Detroit- based national organization dedicated to addressing diversity in the arts, partner to present the Sphinx Performance Academy. SPA is a full-scholarship, intensive performance program for Black and Latinx string players ages 11 to 17. The curriculum includes private lessons, string quartet coachings, masterclasses, recitals, career enrichment sessions, and mentorship tailored to each student. SPA seeks to actively recruit and engage students from cultural backgrounds that are underrepresented in the field of classical music.

Curtis Harp Days

Curtis Harp Days is an advanced training ground for the world’s next generation of harpists. The program is a true pedagogical institution, with emphasis on individual development for promising young harpists as well as professionals. Distinguished faculty Elizabeth Hainen and Judy Loman (Harp ’56) conduct an intensive week of orchestral training through mock auditions and masterclasses, culminating in a final performance.

EITC Contribution Benefits

Contributions to EITC-approved organizations grant businesses tax benefits that far exceed regular charitable donations.

You can earn a Pennsylvania tax credit equal to 75 percent of your contribution (up to a maximum of $750,000 per taxable year). The credit can be increased to 90 percent of your contribution if you agree to provide the same amount for two consecutive tax years.

For example, if you made a $10,000 EITC contribution to Curtis, you would earn a tax credit of $7,500. This is money you can take off the top of your owed taxes. Additionally, you can claim the remaining 25 percent of your contribution for a federal deduction.

What is EITC?

EITC is administered by the Pennsylvania Department of Community and Economic Development and is a way for businesses to make tax-efficient monetary donations to Curtis. Businesses authorized to do business in Pennsylvania who are 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

Businesses can apply to receive a tax credit of 75 percent of their contributions, up to $750,000. If a company makes a two-year funding commitment, for the same amount both years, the credit can be increased to 90 percent.

Applications are processed on a first-come-first-served basis once submissions open on July 1 each year. More information about specific eligibility can be found at dced.pa.gov.

For information about EITC and how to make a gift to Curtis, please contact the advancement team at (215) 717-3131 or <a href=”mailto:giving@curtis.edu”>giving@curtis.edu</a>.