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Tranforming the Lives of Future Students through Tax Credit Program
Published
The University recently received several Educational Improvement Tax Credit donations to benefit its Momentum Program, which enables high school students to earn college credits at a significantly reduced cost while still enrolled in high school.
Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made. These are available on a first-come, first-served based for contributions to EITC-approved organizations like 51Æ·²è. Businesses ranging from small neighborhood pharmacies to mid-sized and large corporations are all eligible. Participating businesses can receive a tax credit equal to 75 percent of a contribution, up to $750,000 per year. The credit increases to 90 percent if the business agrees to provide the same amount for two consecutive years.
Businesses that recently donated to 51Æ·²è’s Momentum Program through the EITC Tax Credit include FNCB Bank; Fidelity Deposit and Discount Bank; Waste Management; Peoples Security Bank and Trust; MEMCO Realty Company Limited; and DK Trading Corporation.
For additional information about the Educational Improvement Tax Credit or about 51Æ·²è’s Momentum program call (570) 348-6238.
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Celebrate Marywood Event Raises More than $466,00051Æ·²è’s flagship annual fundraising event marked a significant milestone by raising more than $466,000 to support the renovation and transformation of the Center for Natural & Health Sciences.
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Bowen Family Supports Marywood Momentum Program with $15,000 EITC DonationMarc and Susan Bowen recently presented a $15,000 Educational Improvement Tax Credit (EITC) donation to support 51Æ·²è’s Momentum Program. The dual enrollment program gives qualified high school juniors and seniors the opportunity to earn college credits while completing high school graduation requirements. The Bowens’ generous support will help expand access to valuable early college learning experiences for students.
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New Endowed/Annual Scholarships AnnouncedThe annual Scholarship Luncheon brought together students, donors, and esteemed guests to celebrate the impact of scholarships and express heartfelt appreciation for the donors who make scholarships possible.