FOR IMMEDIATE RELEASE
June 27, 2013
Contact: Bevin Theodore, Director of PR
Businesses get rewarded for supporting KidsPeace through EITC
North Whitehall Township – KidsPeace is once again participating in the Pennsylvania Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program.
The EITC program provides an incentive for companies that do business in Pennsylvania to support select local non-profit charities. Any business that makes a contribution to KidsPeace through the EITC receives a tax credit equal to 75 percent of its contribution up to a maximum of $300,000 per taxable year. The credit increases to 90 percent of the contribution for any business that promises the same amount for two consecutive years.
In 2012-2013, KidsPeace brought in more than $100,000 through the EITC, thanks to the generous giving of companies such as PPL, American Bank, Highmark, Frontier Communications and the John Yurconic Agency. Applications for fiscal year 2013-2014 will be accepted starting July 1 at the DCED Center for Business Financing, Tax Credit Division, Fourth Floor, Commonwealth Keystone Building, 400 North St., Harrisburg, PA 17120. Applications are approved on a first-come, first-served basis.
Companies eligible for the tax credit are those subject to one or more of the following taxes: Corporate Net Income Tax; Capital Stock Franchise Tax, Bank and Trust Company Shares Tax; Title Insurance Companies Shares Tax; Insurance Premiums Tax; Mutual Thrift Institution Tax; or Personal Income Tax of S Corporation Shareholders or Partnership Partners.
For more information on how to participate, contact Patrick Slattery, KidsPeace Director of Development, at 610-799-8326 or email@example.com or the PA DCED at 717-787-7120, RA-EITC@pa.gov or online at www.newpa.com.
For 130 years, KidsPeace has been building on its expertise to give hope, help and healing to children, families and communities throughout the United States. Through its comprehensive range of residential treatment programs; accredited educational services; unique psychiatric hospital and foster care and community-based programs, KidsPeace is dedicated to helping people connect, transform and overcome their challenges to ensure a stable future, transition to adulthood and gain independence. Since its doors opened in 1882, more than 200,000 children have participated in one of the multitude of programs KidsPeace offers. For additional resources or more information on how to get involved, become a foster parent or make a donation, please visit www.kidspeace.org. Follow us at www.facebook.com/kidspeace.org or on Twitter @KidsPeace.