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 Jewish Scholarship, LLC, you must:
There is a $6,200 minimum contribution and a two-year required commitment for participation.
Individuals must also meet the SEC Defined Accredited Investor Requirement, Rule 501 of Regulation D:
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 the Jewish Scholarship, LLC.
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.