Ways to Give
Sacred Heart’s Scholarship and Tuition Assistance Program helps to ensure that any accepted student who wants to pursue a Sacred Heart education can afford one.
Two important sources of scholarship funds are business contributions through the Pennsylvania Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) programs.
When an eligible business provides a qualifying contribution to the Sacred Heart Scholarship and Tuition Assistance Fund through EITC or OSTC programs, that business may receive tax credits of 75% for a one-year commitment or 90% if a business agrees to provide the same contribution for two consecutive years.
- What is the difference between EITC and OSTC?
- How do these programs work?
- What happens after the application is submitted?
- Where do I find the application?
Donations made through the Educational Improvement Tax Credit (EITC) provide financial aid to students living in low-income households who attend an eligible scholarship organization such as Sacred Heart Academy.
Gifts given through the Opportunity Scholarship Tax Credit (OSTC) program support Sacred Heart Academy students from low-income households who live in neighborhoods with low-achieving public schools (bottom 15% in Pennsylvania). The tax benefits of these programs to businesses are the same.
Tax credits are available on a first-come, first-served basis, and businesses must complete a quick, single-page application each year to contribute.
- For program year 2018-2019, tax credit applications are accepted beginning on July 2, 2018.
- Renewal applications for donors who made a two-year commitment are accepted beginning on May 14, 2018.
- Tax credits are given for 75% of your business’ contribution, up to a maximum of $750,000 annually.
Your company submits application to the Pennsylvania Department of Community and Economic Development online using DCED’s Single Application for Assistance.
Please note: While both OSTC and EITC are needed, EITC is slightly less restrictive for Sacred Heart Academy.
Upon approval, your company makes a donation to Sacred Heart Academy for scholarships within 60 days.
SHA responds with written confirmation which you forward to the DCED. Your tax credit is then posted to your account at the Pennsylvania Department of Revenue.
Important dates for 2018 - 2019
May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply for 2019 – 2020 to renew their 2-year commitment can complete an application and submit beginning on the date. NOTE: Submit your application prior to June 30. July 1 new businesses can apply.
May 15 – Businesses who are in the middle of their 2-year commitment need to complete an application. renew their 2-year commitment can complete an application and submit beginning on the date. NOTE: Submit your application prior to June 30. July 1 new businesses can apply.
July 1 – All new businesses seeking to participate may apply.
- Buy a Brick
- Giant A+ School Rewards
- Gifts of Appreciated Stock
- Gifts of Cash
- Matching Gifts
- Shop with Scrip
- Tribute and Memorial Gifts
- United Way
Order a brick to honor or remember someone dear. Preserve your name, your family name or that of a loved one well into the future with a personalized brick which will be placed in the Fatima pathway by the Dooley Building. For questions or more information, please contact the Office of Institutional Advancement.
Do you grocery shop at GIANT? You can register your BonusCard and SHA will receive A+ School Rewards.
Sacred Heart Academy ID#: 23639
The A+ Program runs from September 7, 2018 through March 16, 2019.
Sacred Heart Academy (ID#: 23639) has the opportunity to participate in and earn CASH from A+ School Rewards, a great fundraising program run through your local Giant!
You DO NOT need to re-register your card if your school selection(s) remains the same as last year.
New Supporters or Existing Supporters Wishing to Make Changes:
Visit giantfoodstores.com and select “SIGN IN” at the top right to log into your online account. Once logged in, select “MY ACCOUNT”, followed by “MANAGE MY ACCOUNT”, then “REWARDS & SAVINGS” to select your school. * If you do not have an online account, visit giantfoodstores.com and click “REGISTER”. Follow the prompts to create your online account. Once logged in, follow the same instructions as noted above.
* You’ll need your 11-digit BONUSCARD® number and the School ID number. If you need assistance, call 1-888-814-4268 option 1.
To earn points:
* Use your registered BONUSCARD® each time you shop at any Giant, and you will earn CASH for our school. You can confirm your school selection by logging into your account.
* At the end of each month, your points are calculated and converted to CASH rewards. These CASH rewards for our school are updated monthly. You can track our progress when you sign in to your online account.
* Our school will receive one CASH rewards check at the end of the program and can use this cash for any of our educational needs.
Also, please encourage your family members and friends to support our school. This could result in more cash rewards for our school!
Thank you for supporting SHA!
If you own appreciated stock, there are tax advantages to contributing appreciated stock rather than cash. A gift of appreciated stock offers two tax saving advantages. First you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive an income tax deduction for the full fair market value of the stock at the time of the gift. To qualify for these tax advantages you have to have owned the stock for generally more than one year. Gifts of appreciated stock are fully deductible – up to a maximum of 30% of your adjusted gross income. Stock is transferred without a donor’s name. Sacred Heart Academy’s account is held at RBC Wealth Management and is managed by Thomas R. Byrnes. His phone number is 484-530-2850. The name of the account is Country Day School of the Sacred Heart. The tax deduction is based on the average price of the stock on the date of its transfer to Sacred Heart’s account.
If you itemize, you can lower your income taxes simply by writing us a check. Gifts of cash are fully deductible-up to a maximum of 50% of your adjusted gross income. The deduction must be taken in the year in which your gift is made. Cash gifts can be made as a one-time contribution, monthly or quarterly, or over several years as payments toward a pledge.
A matching gift occurs when participating companies match (sometimes up to double or triple) the amount of dollars given to Sacred Heart by their employees and spouses, or retirees. The company matches the gift only after the donor has sent his or her gift to Sacred Heart along with completing the company’s matching gift form. These forms can be obtained from the personnel offices of most companies. Certain companies will also match capital campaign and endowment gifts. Check with your HR Department to find out what kind of gifts they match.
What is Scrip Fundraising?
Scrip is fundraising while you shop®! You buy gift cards for over 780 retailer brands you already shop at and earn a rebate on every gift card you purchase at face value. That rebate goes right to our school for student programs, etc.
How it Works
We run our scrip program through ShopWithScrip.com, who has worked with over 30,000 nonprofits organizations over the course of 23 years. You’ll need to sign up and create an account to order online.
Creating an Account
• You register online by going to www.ShopWithScrip.com and clicking Get Started.
ENROLLMENT CODE: 9197997A815L
Check out all the ShopWithScrip Retailers!
Who doesn't LOVE shopping on Amazon.com?
Instead go to smile.amazon.com and designate Sacred Heart Academy Bryn Mawr as your charity and our school will earn rewards just for you shopping through smile.amazon.com! Amazon Prime Member? It still works! It's all the same, you just need to go through smile.amazon.com (it will remember Sacred Heart Academy is your charity once you set it up)
Thank you for taking the time to register Sacred Heart Academy on smile.amazon.com as your designated charity. It makes us Smile!
Many employers in this area participate in the United Way. If you participate with this program, please designate Sacred Heart to receive this valuable support. Go to the United Way information page to learn more.