Businesses see tax benefit by supporting education through the EITC Program
What if your organization could receive tax credit and help educate a child in need? If your company currently pays corporate taxes in Pennsylvania, you may be eligible to participate in the Education Improvement Tax Credit (EITC) plan. Here’s how it works: you give a gift to The Foundation at Great Valley, and by doing so, receive a tax credit equal to as much as 90% of the contribution!
The Foundation at Great Valley is now approved to direct funds to Great Valley School District (GVSD) for the following initiatives:
- STEM (Science, Technology, Engineering and Math) curriculum development/Project Lead the Way
- Advanced Placement curriculum and programs;
- “Artist in Residence” art programs;
- iPads for Mathematics.
Pennsylvania’s EITC program, run through the PA Department of Community and Economic Development, allows approved businesses to direct a portion of tax dollars to approved non-profit organizations. These funds must be used for pre-approved initiatives. In order to participate in the EITC program, companies must apply to the Department of Community and Economic Development (see sidebar).
“The EITC program provides a compelling reason for local businesses to invest in The Foundation at Great Valley and our Great Valley public schools,” said Foundation President Elizabeth McGarrigle. “The initiatives approved through the EITC program not only represent those that are important to GVSD, but also represent initiatives that the greater community, including local businesses, want to support.”
2015-2016 EITC Participants