The EITC provides companies with a 75% tax credit for donations to a non-profit scholarship or educational improvement organization.
The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. A business paying taxes in Pennsylvania can receive up to $300,000 in tax credits annually. More importantly, the EITC provides children and families with a choice in their education and a chance in life.
The following Pennsylvania businesses have participated in the EITC program to help provide much needed financial aid ($750,000) to Bishop Canevin High School families.
We are truly grateful for their contributions!
BISHOP CANEVIN HIGH SCHOOL EITC 2008-2015 CONTRIBUTORS:
3 Rivers Capital – Robert McGuire
A.C. Dellovade, Inc. – Armand & Gary Dellovade ‘89
Allegheny Technologies, Inc. – Richard Harshman ‘74
Allegra Printing of Pittsburgh – Dave Jones
Anchor Seals, Inc. – Ron Mumbray
Banksville Beer, Inc. – Donald Hicks
The Binkley Kanavy Group, LLC – Thomas Kanavy
Bruno-Goodworth Network, Inc. – Ronald Bruno
Butler Technologies, Inc. – Joseph Dickert
Caldwell’s Windoware, Inc. – Ned Gensler
Centimark Corporation – John Ridzik
Custom Valve Repair – Jeffrey Ruffing
First Niagara Bank – Charles Peterson
Genserv, Inc. – Larry McCauley
Golden Triangle Construction – Bindy Bucci
Shaughnessy and Associates, LLC – Bernie Shaughnessy, Jr. ‘84
Lantek Computer Service – Michael Phillips
Maher Duessel – David Duessel
The McCauley Trucking, Co. – Larry McCauley
McKamish, Inc. – Dave McKamish
Millennium Torque & Tensioning, Inc. – Richard Cunningham
Mercy Surgical Dressing Group, Inc. – Richard Hetland
Northwestern Mutual Financial Network – Kevin Miller
On Time Delivery, Inc. – Jim Jenkins
Precision Distribution Consulting, Inc. – Greg Ellis ’85
Quality Aggregates, Inc. – Joseph Aloe, ’79
Silicon Materials, Inc. – Steve Monteverde
Simply Primitives, LLC – Donald Reddinger
Specified Systems, Inc. – Bill Wilson
Vincent Allen, Inc. – Dave Patterson
Wayne Crouse, Inc. – Ken Marino, ’64 & Tony Marino ’94
Zesta Properties, LLC – Richard Hetland
With the rising cost of Catholic education, tuition and fees at Bishop Canevin exceed $10,000 per student for the 2014-2015 school year. The EITC program is our greatest revenue source to help offset these costs and give parents the opportunity to afford sending their child(ren) to Bishop Canevin and receive a Catholic education.
Bishop Canevin High School is approved as a Scholarship Organization and able to receive EITC contributions from Pennsylvania businesses. Applications for the Educational Improvement Tax Credit Program should be submitted as early as possible the morning of July 1, 2015. Additionally, State funding for the OSTC program remains available and businesses are encouraged to apply at any time.
Visit the Bishop Canevin OSTC Site here.