The TuitionCare program was developed by the Foundation for Catholic Education and is aimed at significantly reducing tuition for our parish school families.
This year, 55 families participated in TuitionCare which resulted in a $55,000 donation from The Foundation for Catholic Education resulting in a $310.73 reduction in tuition for each of our Saint Agnes School Families in Grades K to 8!
Our goal is to increase participation in the TuitionCare Program, so that each of our school families could be looking possibly at Tuition Reduction Credits of about $1,000 for the next academic year (2020-2021) provided we are able to grow the program. This is a truly exciting program for funding Catholic education. We invite you to educate yourself about this important TuitionCare program which benefits our families and our school (please see information below).
If you would like to participate in TuitionCare for the upcoming 2020-2021 school year, simply complete the TuitionCare Commitment Form here and return it to Jen Nevins on or before August 31, 2020 at [email protected] . You’ll be glad you did! Remember, the more families and parishioners who participate, the higher the tuition reduction for all of our school families!
Thanks again to our 55 Saint Agnes School families who participated in this great program—it’s a real win-win program for Catholic Education at Saint Agnes!
What is TuitionCare?
TuitionCare is an innovative and ground breaking program developed by the Foundation For Catholic Education. This program financially benefits both local Catholic Schools and families with students in Catholic Schools throughout the Archdiocese of Philadelphia. Each Saint Agnes School family can receive up to $1,000 in tuition credits through the TuitionCare program each year!
How does it work?
It’s simple! TuitionCare takes advantage of programs offered by the State of Pennsylvania that allow individuals to redirect some or all of your state income tax obligation to support Catholic Education!
How do I participate in TuitionCare?
TuitionCare is easy! It just takes a few quick steps...
Review your PA-40 Tax form to understand your current Tax liability. This amount (on line 12) represents the tax dollars you can redirect to the Foundation for Catholic Education to support TuitionCare
Join the TuitionCare Special Purpose Entity (SPE). Sign a commitment form here with your contribution amount and email it to Jen Nevins at [email protected] or Joe McGinn [email protected] or send it to:
Foundation for Catholic Education
1373 Enterprise Drive
West Chester PA 19380
*No payment is required until the Tax Credit is approved by the state.
3.The Foundation for Catholic Education submits the SPE application to the State of PA on September 1, 2020.
4.The State of PA notifies the SPE of approval in the November 2020 time frame. The Foundation will notify all SPE members of the approval status. SPE Operational Agreement is signed. If approved, SPE members remit their contributions to the SPE within 30 days. If the SPE is not approved, the SPE members are not required to make the payment, the SPE may apply again the following year.
5.SPE members complete their PA-40 Tax form and enter their EITC / OSTC tax credit (Found on Form K-1). The Tax credit is 90% of the SPE members contribution as approved by the State of PA. The Tax credit is a reduction in your PA Tax liability for 2019 (Line 23 of PA 40).