SCRANTON, PA (March 9, 2018)—Marywood University was recently the recipient of two Pennsylvania Education Improvement Tax Credit Donations through the University’s Momentum program, an approved EITC program that gives high school juniors and seniors the opportunity to earn college credits by enrolling in college-level courses at a significantly reduced cost.
The EITC program enables companies to support nonprofit schools at minimal cost. Rather than sending tax dollars back to the state, companies can reallocate them to support Marywood University’s Momentum Program. Participating businesses can receive a tax credit equal to 75 percent of a contribution, up to $750,000 per year. The credit increases to 90 percent if the business agrees to provide the same amount for two consecutive years.
Waste Management recently presented Marywood University’s Momentum Program with an $8,000 EITC donation. Pictured (left to right): Christina Weaver, account manager, Waste Management; and Patricia Rosetti ’93, leadership annual giving officer at Marywood University.
Landmark Community Bank presented Marywood University’s Momentum Program with a $1,500 EITC donation. Pictured (left to right): Patricia Rosetti ’93, leadership annual giving officer at Marywood University; Francis E. “Trip” Crowley, Landmark Community Bank branch manager/vice president; and David B. Wintermute, Landmark Community Bank commercial relationship manager.
For more information or assistance with the EITC application, contact Patricia Rosetti, leadership annual giving officer at Marywood University, at firstname.lastname@example.org or 570-961-4596.