FOR IMMEDIATE RELEASE
March 26, 2014
Contact: Bevin Theodore, Director of PR
Pennsylvania businesses get tax credit for supporting KidsPeace
Highmark, National Penn Bank and Verizon Wireless have donated through the EITC this year.
North Whitehall Township – Local businesses are once again receiving tax breaks by donating to KidsPeace through the Pennsylvania Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program.
A business that operates in Pennsylvania may receive a tax credit equal to 75 percent of its contribution to a scholarship organization, up to a maximum of $300,000 per taxable year. The tax credit may be increased to 90 percent of the contribution if the business agrees to provide the same amount to a nonprofit organization for two consecutive years. The generosity of these exceptional local businesses contributes to KidsPeace being able to provide excellent educational services this year:
- Keystone Health Plan West (Highmark) donated $35,000. Thanks to Barbara Gray, Evan Frasier, Dan Onorato and Jane Brooks.
- National Penn Bank donated $15,000. Thanks to Peter Gray, Lewis Cyr and Doug Leonzi.
- Verizon Wireless donated $20,000. Thanks to Rob Miller, David Small, Mario Turco and Denise Laughlin.
Applications for fiscal year 2014-2015 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. For more information on how to participate, contact Patrick Slattery, KidsPeace Director of Development, at 610-799-8326 or firstname.lastname@example.org.
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.