Farmers National Bank officials donated a $4,000 check to the Seneca Valley Foundation (SVF) through the Pennsylvania Department of Community and Economic Development Education Improvement Tax Credit (EITC) Program grant on Jan. 4.
A statewide program, EITC enables businesses to make donations to organizations they choose from a Commonwealth – approved list. EITC is a statewide initiative enacted by the PA Department of Community and Economic Development in 2001. EITC enables eligible businesses, like Farmers National Bank, to apply credits against their tax liability for the tax year in which they make a contribution to support education in Pennsylvania. Farmers National Bank has participated in this program since 2001.
“On behalf of the Bank’s Board of Directors, management and staff, I am pleased to provide the enclosed contribution,” stated William C. Marsh, The Farmers National Bank of Emlenton President and Chief Executive Officer and Chairman of the Board. “We look forward to continuing our support of such local scholarship funds and charities in our service areas under this tax credit and other charitable contribution programs.”
Specifically, Farmers National Bank’s EITC donation will benefit Science, Technology, and Engineering and Mathematics (STEM) classes at Seneca Valley.
If your business --or a business you know-- participates in EITC, please encourage them to dedicate EITC funds to the Seneca Valley Foundation. For more information or if you have questions, please call Ms. Kay Hoch, foundation secretary, at (724) 452-6040 ext. 1638 or by emailing her at email@example.com.