Farmers National Bank presents EITC check to Community Foundation

Recently, Farmers National Bank presented a check for $2,500 to the Elk County Community Foundation(ECCF) from their Educational Improvement Tax Credit Program (EITC) approved donations. These dollars will be used to provide local school districts or agencies that serve Elk County School students K-12 with pre-approved innovative educational programs for the upcoming 2020 grants.

Any entity authorized to conduct business in the Commonwealth of Pennsylvania and subject to certain taxes is eligible to apply to be involved with the EITC program. Tax credits are limited to 75% of the business’ contribution with a maximum of $750,000 annually. If a business agrees to make the same contribution for two consecutive years it may receive a tax credit equal to 90% of its contribution.  Interested participants must submit a brief application to the DCED. More information about applying can be found at https://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc. 

As an approved EITC partner, the Community Foundation receives donations from qualified businesses to provide innovative educational programming within the public schools K-12.  In the photo: Paula Fritz Eddy, on left, and Tom Jesberger of the Community Foundation, on right, accept the check from Shawn Gouldthread, Branch Manager of the St. Marys Branch of Farmers National Bank.  For more information about the Community Foundation or EITC opportunities contact Paula at 814-834-2125 or visit our website at www.elkcountyfoundation.org .