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Educational Improvement Tax Credit Program
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AASD FOUNDATION

EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM

   

As an approved Educational Improvement Organization (EIO) the AASD Foundation may accept Educational Tax Credit donations for the purpose of  funding innovative educational programs.  An “innovative educational program” is an advanced academic or similar program that is not part of the regular academic program of a public school but that enhances the curriculum or academic program of the public school. 

 

Through Educational Improvement Tax Credit (EITC), eligible businesses can receive tax credits equal to 75% of their contribution, up to $750,000 per taxable year. The tax credit may be increased to 90% of the contribution if the business agrees to provide the same amount for two consecutive tax years. The EITC program makes it possible for businesses to direct tax dollars toward the education of Altoona Area students making a direct impact on our community. 

 

Pennsylvania businesses can begin applying for EITC credits through PA Department of Community and Economic Development's (DCED) electronic single application system. 

 

To apply or for more information go to: Educational Improvement Tax Credit Program

 

Each EITC Donor will be recognized in the following ways: 

  • Annual Acknowledgment in the Altoona Mirror 
  • Recognition on AASD Foundation Website 
  • A variety of AASD publications

Department of Community and Economic Development approval letter.

 

For more information or if you have an interest in learning more about the AASD Foundation, please contact Paula Foreman at pforeman@aasdcat.com or by calling 814-946-8424. 

 

2019 - 2020 Educational Improvement Tax Credit Donors 

 

First National Bank 

 

Marcus & Mack 

Marcus & Mack are proud to support the Altoona Area School District Foundation!

"Not only do we believe every child deserves a good education, but it's also great to know we're helping out right here in our own community!" 

 

 M & T Bank 

 

UPMC Health Plan 

 

Weis Markets, Inc. 

 

Central PA Community Foundation on behalf of an Anonymous Donor 

 

 


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