Educational Improvement Tax Credit Program: Building Pride/Building Character

PHLF News
March 3, 2008

The Pittsburgh History & Landmarks Foundation welcomes corporate support of our “Building Pride/Building Character” program made possible by the PA Department of Community and Economic Development’s Educational Improvement Tax Credit Program.

Last year, 7 businesses––Ellwood Group, Inc.; PNC Bank; Allegheny Technologies Incorporated; Equitable Energy, a division of Equitable Resources; Frank B. Fuhrer Wholesale Company; Bridges & Company, Inc.; and Hefren-Tillotson––graciously contributed a total of $54,111 to the “Building Pride/Building Character” program. These contributions are allowing elementary students from ten Pittsburgh Public Schools to participate in the “Building Pride/Building Character” program through May 2008.

Through tours, art activities, exhibits, and in-school programs created for the “Building Pride/Building Character” program, students discover a lot about their school, neighborhood, and city––and a lot about themselves––and fulfill academic standards in the process. Your support after July 1, 2008 will allow Landmarks to continue this program in the fall of 2008 and through May 2009.

To support the “Building Pride/Building Character” program, please visit the EITC Web site and complete the application (Appendix I EIO) found in the EITC Business Guidelines. Eligible businesses are those authorized to do business in Pennsylvania who are subject to one or more of the following taxes: Corporate Net Income Tax, Capital Stock Franchise Tax, Bank and Trust Company Shares Tax, Title Insurance Companies Shares Tax, Title Insurance Companies Shares Tax, Insurance Premiums Tax, or Mutual Thrift Institution Tax. Businesses may receive tax credits equal to 75% of their contribution if only one year or 90% of their contribution if the business agrees to provide the same amount for two consecutive tax years. The limit per business is $200,000 per taxable year.

For more information about the “Building Pride/Building Character” program for Pittsburgh Public Schools, contact the Pittsburgh History & Landmarks Foundation: 412.471.5808, ext. 536; louise@phlf.org.