The EITC (Educational Improvement Tax Credit) program allows businesses in the Commonwealth to earn a tax credit for up to 90% of certain Pennsylvania taxes when they make a donation to a "Scholarship Organization" such as Drexel Neumann Academy.
The Educational Opportunity Scholarship Tax Credit "OSTC" is a recently formed program. Similar to the EITC, however, this is a program which only funds students residing within the boundaries of a low-achieving school (ranked in the bottom 15% of Pennsylvania schools). Drexel Neumann Academy is an approved "Scholarship Organization" under OSTC.
Drexel Neumann Academy is very grateful
for the following companies for their generous
2016 contributions through the EITC/OSTC Programs!
Lee Herzer of BB&T Branch Banking and Trust Company and Joseph Schupp of Customers Bank
shared the excitement of their generous donations with the students!