BB&T supports Solanco students and teachers

| March 31, 2017

BB&T-webBranch Banking and Trust Company (BB&T) is partnering with the Solanco Education Foundation to provide important educational programs in the Solanco School District. In the photo, BB&T Administrative Assistant Tamara Coleman (left) presents a check to Patty Wilds (right) with the Solanco Education Foundation Board of Directors.

BB&T’s contribution was made to the Solanco Education Foundation (SEF) through the state’s Education Improvement Tax Credit (EITC) program. Generous contributions from BB&T and other local businesses have enabled the SEF to distribute nearly $170,000 during the past 12 years to fund the Mobile Science Probeware program at the high school,  Countdown to Kindergarten, and other programs at all grade levels in Solanco schools.

Businesses that donate to the Solanco Education Foundation through the EITC program receive a 75% tax credit for the amount they have donated. Businesses that donate for two consecutive years or more receive a 90% tax credit. Businesses and corporations that pay Pennsylvania Corporate Net Income Tax, Capital Stock/Foreign Franchise Tax, Bank Shares Tax, Title Insurance and Trust Company Shares Tax, Insurance Premiums Tax, or Mutual Thrift Institution Tax, Malt Beverage Tax, and Retaliatory Fees are eligible to participate in the EITC program. S corporation shareholders and partnership partners that pay personal income tax also qualify for participation in the EITC program.

In addition to BB&T, the Solanco Education Foundation this year has also received generous EITC donations in support of students from UGI, Fulton Bank and Rhoads Energy.

Logo - 10-2015WEBThe Solanco Education Foundation also awards $1,000 scholarships each year to graduating seniors who will continue their education beyond high school, and Academic Venture Grants to Solanco teachers. Funding provided by the foundation has help make possible the new College and Career Advisor at Solanco High School who is helping students better understand and navigate the college application and financial aid process, especially students who would be the first member of their family to attend college. The SEF has also provided funding for the Baggie Books program for young readers, and other beneficial educational programs. Contact Solanco Education Foundation Executive Director Keith Kaufman at 786-5617 for more information.

Category: Community Happenings, Featured Stories

About the Author ()

Keith Kaufman is the Director of Community Relations for Solanco School District. 786-5617.

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