Photo: Wendy DeYulis (left), Senior Vice President/Trust Officer of First Commonwealth Bank and Vice President of the Central Cambria Education Foundation, accepts a $2,500 donation for the students of Central Cambria School District from Elaine Bonanno, Office Manager, First Commonwealth.
First Commonwealth Bank, Ebensburg Office, has donated $2,500 to the Central Cambria Education Foundation, the nonprofit, fund-raising arm of the Central Cambria School District. Funds were made available through the Educational Improvement Tax Credit (EITC) Program through which qualifying businesses can contribute a portion of their state taxes.
"Through Pennsylvania's EITC Program, qualified businesses can make donations to the Central Cambria Education Foundation and receive tax credits equal to a percentage of their gift," says Wendy DeYulis, vice president of the Central Cambria Education Foundation board of directors and Senior Vice President/Trust Officer, First Commonwealth Bank.
The Central Cambria Education Foundation is an approved Educational Improvement Organization (EIO) in the EITC program. Gifts through the EIO program have enabled the foundation to provide more than 1,500 students with educational opportunities such as summer science, theater, art, and math programs that would just not be available any other way DeYulis explains.
"First Commonwealth is proud to support the community, and does so in many ways. This particular contribution allows us to enhance educational opportunities for children, in effect, by re-directing state tax dollars. The EITC program is an excellent way for you to donate and keep tax money working locally for a cause that you define," DeYulis says.
A company interested in giving to the Central Cambria Education Foundation through the EITC Program must complete an application form, which is available by calling the Department of Community and Economic Development at (717) 787-7120 or visiting their Web site at www.newpa.com.
