PA businesses have a friend in the Pennsylvania State System of Higher Education Foundation Inc.
As a Pennsylvania business, imagine the power of investing in the educational and skill improvement of your workforce and your community – and receiving up to a 50-cent state tax credit against state corporate taxes for each dollar contributed, plus, receiving a federal charitable deduction that reduces the cost to about 25-cents for each dollar contributed.
The Foundation is an approved agency of the Neighborhood Assistance Program. The state program provides tax credits to businesses sponsoring their own projects or contributing to nonprofit community organizations for an approved program benefiting low-income or residents of economically distressed neighborhoods.
Businesses may provide cash or in-kind services to nonprofit community organizations for programs, which must be approved by the Pennsylvania Department of Community and Economic Development (DCED). The total tax credit for any single business is limited to $250,000 annually. View brochure (pdf | txt).
For more information, contact:
Pennsylvania State System of Higher Education Foundation Inc.
1-717-720-4086 (Monday – Friday, 8:30 a.m. – 5:00 p.m. ET ) info@thepafoundation.org
