Tax-Credit Program Boosts Educational Outreach to Younger Students
Donations, including $125,000 in the last year, help the college offer courses at high schools, support art programs, and expand summer camps.
Over the last year, local businesses have contributed more than $125,000 to support programs at Bucks County Community College for elementary, middle school and high school students.
Grants from Univest Bank and Trust Co., Fred Beans Ford, Covenant Bank, Waste Management Inc., First Priority Bank, Softerware, PNC Bank, and Fulton Bank – Premier Division have helped to fund innovative educational programming for Kindergarten through 12th-grade students.
The donations are part of the state’s Educational Improvement Tax Credit, or EITC, program, according to Jean Holmes, Development Manager for the Bucks County Community College Foundation, the fundraising arm of the college.
“Local businesses really understand the value of high quality educational opportunities” said Holmes. “EITC funding allows the college to expand important programming like dual enrollment, which allows high school students to enroll in Bucks courses and get a head start on their college education.”
Bucks is also approved to fund Artmobile (pictured), the traveling outreach museum; and Kids on Campus, summer camps for children in grades Kindergarten through 8th grade in arts, foreign language, sports, science, test prep, and study skills through the EITC program.
“We are proud to partner with Bucks County Community College and provide opportunities for individuals to enrich their lives through learning,” said Kim Detwiler, Senior Vice President and Director of Corporate Communications at Univest Bank. “Education is the largest area of giving through Univest’s philanthropic program. We believe that investing in education will help ensure the strength and vitality of our local communities for years to come.”
The contributions since July 2016 were made as part the Pennsylvania’s Educational Improvement Tax Credit Program, which provides tax credits to businesses that make donations to support programs that benefit school-age children’s educational programs. Companies receive a 75% tax credit the first year, which increases to 90% if the company makes the same donation for a second consecutive year. A business paying taxes in Pennsylvania can receive up to $300,000 in tax credits annually. Since its inception at Bucks in 2009, the College has raised $434,000 for EITC programs.
The BCCC Foundation is a nonprofit, 501(c) (3) educational trust that provides expanded resources for the college’s growth and development. Foundation funds support instructional resources, campus facilities, scholarships and awards, cultural activities and special college projects. To learn more, visit www.bucks.edu/foundation.
For more information about the EITC program, contact Jean Holmes at 215-968-8417 or email@example.com.