Special Purpose Entity (SPE)

Individuals can now contribute their PA Income Tax to an approved Special Purpose Entity (SPE).

 

A State Legislature passed an addition to the EITC Act allowing qualifying individuals to contribute their PA Income Tax to an approved Special Purpose Entity (SPE) and get 90% credit if you commit to two years of contributions. 

 

Your contribution can be earmarked for West-Mont and you would then receive a full federal tax deduction on your 1040 form for the donation! The SPE recommends a salary threshold of $130,000 per year for individuals and approximately $260,000 for families, which gives an opportunity for more parents and friends of WCA to participate. If you believe that you or someone you know may qualify, check with your accountant to determine eligibility for the program and discuss details.

Download the SPE flyer here.

 

For more information, contact Christie Werkheiser, Director of Advancement at Christie.werkheiser@west-mont.org or by calling

610-326-7690. 

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873 South Hanover Street • Pottstown, PA 19465 • Phone: 610-326-7690