Barbara Shipp of the National Bank of Malvern presented Sister Regina with a $10,000 donation as part of their participation in Pennsylvania’s Educational Improvement Tax Credit (EITC) program. The National Bank of Malvern leads a long list of companies that support EITC scholarships at Villa Maria, including B & E Sportswear, IMC Construction, C&V Landscaping, Penn Liberty Bank, and more.
Since EITC’s inception in 2004, Villa Maria has received more than $500,000 in donations and given scholarships to 145 students through this program.
Companies that do business and pay corporate and other taxes in Pennsylvania can receive substantial tax credits by redirecting their state tax dollars to Villa Maria in support of scholarships for under-served and deserving students. When a business partners with the Pennsylvania Tax Credit Programs, both the company and the student benefit.