For those who may be unaware, Pennsylvania has a program managed through the Department of Community and Economic Development which allows eligible businesses to contribute through an Educational Improvement Tax Credit Program (EITC). Details on the EITC program can be found here, but the basic idea is businesses can apply for funding in exchange for tax credits. The funding is then directed by the business to approved organizations which fall into one of three buckets: Scholarship Organizations, Educational Improvement Organizations or Pre-Kindergarten Scholarship Opportunities.
Funding educational programs
Through the EITC program, Cabot has been contributing to several programs across northeastern Pennsylvania.
Educational Improvement Organizations
Educational Improvement Organizations fund innovative programs in public schools across the Commonwealth. For the complete list of DCED approved Educational Improvement Organizations, please click here.
Pre-Kindergarten Scholarship Organizations
Pre-K Scholarship Organizations fund scholarships to children so families have the ability to choose the pre-K that best fits the needs of their child. For the complete list of DCED approved Pre-K Scholarship Organizations, please click here.