Marywood University recently received a Pennsylvania Education Improvement Tax Credit (EITC) in the amount of $6,000 from Waste Management. The EITC donations benefit the University’s 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 basis for contributions to EITC-approved organizations like Marywood University. Businesses range from small neighborhood pharmacies to mid-sized and large corporations, and all are 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.
For additional information about the Educational Improvement Tax Credit or about Marywood University Momentum program, please visit www.marywood.edu/support/eitc/, or call the Office of Development, at (570) 348-6238.
Pictured from left to right are: Rich Grant, route manager for Waste Management; Patricia Rosetti, leadership annual giving officer at Marywood University; and Jessica Persing, senior account executive for Waste Management.