The KASD Education Foundation was one of the first non-profit educational organizations approved by the Department of Community and Economic Development in 2001, as eligible for the state’s Educational Improvement Tax Credit (EITC) Program. Under this program, tax credits may be awarded to businesses that make contributions to approved Educational Improvement Organizations.
A business may receive a tax credit equal to 75% of its contribution to an EITC organization, up to a maximum of $750,000 per taxable year. The tax credit may be increased to 90% of the contribution made, up to a maximum of $750,000 per taxable year, if the business agrees to provide the same amount of contribution to an organization for two consecutive years. View the EITC form and apply here.
Through school year 2020-21, the KASD Education Foundation received more than $376,000 via the EITC program. These funds were used to support many school district technology initiatives, beginning with the high school One-to-One Laptop Program initiated in 2002, and more recently, the introduction of the middle school iPad program. In addition, the district was able to purchase technology items such as science probes, projectors, printers, cameras, network upgrades, and media subscriptions that support the curriculum.
The Education Foundation and Kutztown Area School District acknowledge and thank the following EITC businesses for support through the years:
- East Penn Manufacturing – 2002 through 2021
- National Penn Bank/Susquehanna Bank/BB&T – 2002 through 2021
- Giant Foods – 2004, 2006, 2014, 2015
- Weis Markets – 2014, 2015, 2016, 2021
- Sovereign Bank – 2005
- Capital Advantage Insurance /Capital Blue Cross – 2015
Businesses interested in partnering with the Education Foundation in its support of the school district and its students are encouraged to contact us via email at Info@KASDEDFoundation.com or call #610-683-7361, Ext. 5105 to discuss EITC participation.