Individuals can participate through a Special Purpose Entity (SPE). Pennsylvania's definition of a "Business” includes an SPE thereby enabling the participation of individuals in this program.
To become a member of an SPE at the Pennsylvania Education Partnership LLC, individuals must:
There is a $6,000 minimum contribution and a two-year required commitment for participation.
Pennsylvania has no maximum for individual participation through one or more of the Special Purpose Entities (SPEs). You can become a member of an SPE through PEP.
You need to select an amount that generates a 90% tax credit amount without exceeding your Pennsylvania tax liability. The amount is a guess for most people who don't know exactly what their current year taxes will be. Please consult your tax professional to help you choose the right amount.