Pittsburgh Review

Friendship Academy issued the following announcement on Nov. 4.

At the Watson Institute, students with special needs ages 3 to 21 attend high quality special education schools which support them on the path to achieving their goals. We’re able to tailor our educational services to fit each student’s individualized needs through our full-service educational programs.

The Watson Institute receives support for educational and supportive programming through a variety of partnerships with local area school districts, local foundations and community organizations, and generous individual and corporate donors.

Annually, Watson receives generous contributions from corporate donors through the Educational Improvement Tax Credit (EITC) program.

What is Educational Improvement Tax Credit (EITC)?

The Educational Improvement Tax Credit (EITC) is a program run by the Department of Community and Economic Development (DCED) that is designed to offer tax credit benefits to registered businesses who make donations to charitable organizations enrolled in the Educational Improvement (EIO) and Scholarship (SO) programs.

Companies benefit from tax credits (equal to 75 percent of their contribution) which can be applied against their tax liabilities in the same year in which their contribution was made. Eligible business taxes include: personal income tax, corporate net income tax, mutual thrift tax, bank shares tax, among others.

How the EITC Program Benefits the Watson Institute

Scholarships ensure that students with special needs are able to obtain the individualized, exceptional educational and developmental supports they need in order to thrive.

We are grateful to corporate partners such as First National Bank, PNC Bank, Philadelphia Indemnity Insurance, and Dollar Bank who have generously supported the Watson Institute through the EITC Scholarship and Educational Improvement programs throughout the years.

Learn more about how EITC supports the Watson Institute and find out if your company is eligible!

Original source can be found here.