December 21, 2004
Beneficial Makes $100,000 Contribution To Assist Children
Beneficial Savings Bank has contributed $100,000 to local scholarship and educational improvement organizations as part of the Pennsylvania Educational Improvement Tax Credit (EITC).
The EITC provides companies with a 75% tax credit for donations to non-profit scholarship or educational improvement organizations. The tax credit increases to 90% if the business commits to making the same donations for consecutive years.
Over 20,000 children across Pennsylvania are benefiting from EITC scholarships and countless number of public school students are benefiting from innovative programs that most likely would have gone unfunded.
Among those organizations receiving donations from Beneficial are Junior Achievement of Delaware Valley, Children's Scholarship Fund of Philadelphia, Futuro Educational Inc., and Philadelphia Young Playwrights Programs.