Educational Improvement Tax Credit Program Provides $103,500 in Grants from Businesses this School Year

Educational Improvement Tax Credit Program Provides $103,500 in Grants from Businesses this School Year
Posted on 03/16/2018
Serving the school children of the 3rd   largest urban school district in the Commonwealth, Allentown School District Foundation (ASDF) Board of Directors wishes to thank ten area businesses that have designated $103,500 in EITC tax credit funds to the Foundation
(so far) this year.

EITCPennsylvania’s Educational Improvement Tax Credit (EITC) Program authorizes tax credits for businesses that make contributions to Educational Improvement Organizations (EIO) such as the ASD Foundation. Administered by the Pennsylvania Department of Community and Economic Development (DCED), the EITC program enables companies to support nonprofit school foundations at virtually no cost. Instead of sending tax dollars to Harrisburg, companies can reallocate those funds to support the Allentown school children programs via the Allentown School District Foundation, applying for up to
$750,000 in aggregate every year.
Check Presentation “We are pleased that area companies are recognizing the value of the ASD Foundation programs we deliver, adding enrichment to the educational experience for our school children,” says Kurt D. Zwikl, ASDF president. “The ASD Foundation functions in order for organizations to support educational opportunities that make a difference for Allentown students. Last year, we helped to augment funding for programs in science, music, literacy, teacher innovation, fine arts, scholarships and select athletics programs.”
 
Check Presentation Established as a separate 501(c)(3) in 2009, the Allentown School District Foundation has raised more than $2.1 million to fund ASDF programs. In 2016-2017, there were 5,332 participants in ASD Foundation programs, the most ever served in a variety of K-12 programs and that are poised for continued growth.

At the end of every EITC funding cycle, DCED requires EIO’s such as the ASD Foundation to submit a Performance Monitoring Report to the state, detailing the funding activity for the year.

For more information on how to apply for Pennsylvania EITC funding, please go to  www.dced.pa.gov/programs/educational-improvement. There you can also find a complete listing of all approved Educational Improvement Organizations (EIO) in the state.


Check PresentationAbout Allentown School District Foundation
With a vision for enriched education for Allentown School District students, the ASD Foundation mission is to encourage, promote and support innovative educational experiences for students in the Allentown School District. If you would like to learn more, please contact Susan L. Williams, Executive Director of the Foundation, at 484-765-4093 or williamssu@allentownsd.org. The mailing address is P.O. Box 328, 31 South Penn Street, Allentown PA 18105.  www.allentownsd.org/asdf.