Turning business tax credits into scholarships at Ss. Neumann-Goretti H.S.
Saints John Neumann & Maria Goretti Catholic High School is asking for local business support – but not in the usual way.
Under Pennsylvania’s Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC), businesses can redirect their PA state tax obligation to need-based scholarships at the school, located at 1736 S. 10th Street.
2019 will mark the 85th anniversary of Southeast Catholic – the prelude to Bishop Neumann and Saint John Neumann – and the 60th anniversary of the first graduating class of women to attend all four years at Saint Maria Goretti; milestones that set two institutions on a course to become one many years later.
With an annual budget in excess of $5 million, the school must raise the funds necessary to cover expenses associated with running a first-class academic institution.
“Businesses complete a few forms, write a check and receive a tax credit from the Commonwealth. By doing this, they can keep tax dollars right here in your neighborhood,” says Joseph M. McColgan, President of Saints Neumann-Goretti Catholic High School.
Adam Leiter, executive director of the East Passyunk Business Improvement District, agrees with McColgan’s idea. “There are a number of great opportunities for businesses to apply tax credits towards educational needs in the local community through programs such as the Pennsylvania Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC). We applaud small businesses that are making the effort and having a positive impact on the lives of children and families through funding outlets like these that increase support.”
McColgan adds, “Whether you graduated from Saint Maria Goretti, Southeast Catholic, Bishop Neumann, Saint John Neumann or Saints Neumann-Goretti high schools, or you’re someone in our community who understands the important role our school plays in South Philadelphia, here is an easy way for you to help.”
Interested businesses can contact:
Joseph McColgan, President
215-465-8437 x 224