DID YOU KNOW?! Educational Improvement Tax Credit Program
The YMCA participates in the Educational Improvement Tax Credit Program, a program supported by the PA Department of Community and Economic Development (DCED).
This is the rare win-win situation and here’s why.
Local businesses in the financial industry can receive tax credits if they contribute to designated organizations identified by the PA DCED. Specifically, a firm may receive a tax credit equal to 100% of the first $10,000 contributed to a Pre-K Kindergarten Scholarship Organization AND can receive a credit of up to 90% of any additional amount contributed during the rest of the year!
The Y receives the scholarship donations as a 501(c)(3) non-profit which runs pre-kindergarten programs for children ages three-six in Pennsylvania. These scholarships enable children from lower income households to join and thrive in the Y’s Pre-K programs.
This program also provides support for school age children throughout the state and supports Environmental Education programs specifically at the Upper Main Line YMCA.
Learn more about the EITC Program (and potentially join as a business)
To learn more about this program or how you can support the Y, call us at 610-643-YMCA (9622) ext 2153.
Typically, several local banks and financial organizations contribute to our Pre-K and environmental education programs. Thank YOU to our 2020 EITC partners: BB&T, Bryn Mawr Trust Company, Fulton Bank, M&T Bank, Meridian Bank, Mid Penn Bank and Philadelphia Insurance Companies.
This program gives the Y the ability to help educate our community’s children every day!