GOOD NEWS for Pennsylvania Businesses! Pennsylvania's Educational Improvement Tax Credit (EITC) Program allows businesses in the Commonwealth to earn a tax credit for up to 90% of their donations to the KEF. In other words, for every dollar your business donates to KEF, it would cost as little as ten cents. The $0.90 is paid by the state of Pennsylvania through tax credits. For an overview of this tax program see below.
To date KEF has received over $64,000 in donations through the EITC Program. We would like to sincerely THANK our generous donors for their commitment to education in Kennett.
The Bryn Mawr Trust Company
All EITC donations that have been received by KEF are utilized to allow Kennett High School students to take selected college courses on-line. STEM education was recently added to KEF’s list of approved programs that EITC funds can support.
The Kennett Education
Foundation is approved and listed as an Educational Improvement
Organization by the
Pennsylvania Department of Community and Economic Development. This makes KEF eligible
for donations under Pennsylvania's Educational Improvement
Tax Credit Program
(EITC.) Businesses need to know this not a grant program. Tax
credits under this
program are very limited and are awarded on a first-come, first