News and Notes
Your business can contribute to CSFP by reallocating its PA tax liability through the PA EITC program, read more…
Thursday, May 10, 2012
The Educational Improvement Tax Credit program was established in 2001 to provide businesses with a tax credit for their donations to nonprofit Scholarship or Education Improvement organizations . The PA Educational Improvement Tax Credit (EITC) provides companies with up to a 75% of donations tax credit (for a one year commitment) and up to 90% of donations tax credit (for a two year commitment), not to exceed $300,000, for donations made to approved, nonprofit scholarship organizations. By combining the EITC with deductions on Federal and Pa tax liabilities for gifts to charitable organizations, the program can be virtually cost free to donors. To date more than 2,800 businesses have redirected nearly $300 million in tax dollars to educational organizations. For more information, please call Ina Lipman, Executive Director, at 215.670.8410 or email her at Lipman@csfphiladelphia.org
2012 Award Ceremony to be Held at Citizen's Bank Park, June 15th
Wednesday, May 09, 2012We are thrilled to annouce that our annual award ceremony will be held this year on June 15, 2012 at the home of the Philadelphia Phillies, Citizen's Bank Park.
James J. Maguire will be honored as CSFP's 2012 Citizen of the Year at this year's award ceremony. Together with his wife Frannie, Maguire started The Maguire Foundation to support education and the arts both locally and nationally. The Maguire Foundation's generosity has supported a significant number of students in their educational paths through to the college level.
We will also be ushering in our new group of scholarship families and awarding them with the first of four years of scholarships to the private and parochial schools of their choice. This group of 2,000 new scholarship families is the largest in CSFP history, and we owe a huge thanks to our donors, including Mr. Maguire, for making this opportunity possible for our families.
We will be handing out individual awards to the winners of our Art & Essay Contest, as well as Student, Teacher, & Parent Recognition awards.
CSFP Offering 2,000 New Scholarships - Pick Up Your 2012 Application Friday, Nov. 18th!!
Friday, November 11, 2011Join us at Citizen's Bank Park as we celebrate with the Phillie Phanatic and begin to distribute our 2012 scholarship applications. Be among the first to apply! This year, CSFP will be offering 2,000 new K-8th grade scholarships to start in September 2012. You can pick up applications for yourself, your school, or anyone else who is eligible for our scholarship!
The event will be held in the Phillies Media Room from 9:45am-10:30am. Contact us if you have any questions!
If you cannot make it to this event on Nov. 18th, you can apply online here or e-mail asmith@www.csfphiladelphia.org to get a paper application (or call 215-670-8411).
CSFP Honored Dr. Howard Fuller, PNC Bank, and Scholarship Families at June 17th Award Ceremony Event
Monday, June 13, 2011On June 17th at Drexel University, CSFP welcomed 750 new K-8th grade students into our scholarship program. We also honored Dr. Howard Fuller, chair and co-founder of Black Alliance for Education Options as our CSFP 2011 Citizen of the Year, along with PNC Bank for their philanthropic leadership with regard to education, as our CSFP 2011 Corporate Citizen of the Year.
Additionally, we were thrilled to be recognizing current CSFP students, teachers and parents for their a variety of achievements this year. See the complete list of award winners here. Check back here later to see pictures of the event!
CSFP Supports PA Senate Bill 1
Monday, March 21, 2011State Senators Anthony Williams (D-Philadelphia) and Jeffrey Piccola (R-Dauphin) have introduced Senate Bill 1 called the “Opportunity Scholarship and Educational Improvement Tax Credit Act”. This proposed legislation would greatly expand educational opportunities for low-income Philadelphia children. Highlights of the Bill include the issuance of student vouchers for families whose incomes are at or below 130 percent of the federal poverty level (i.e. on average less than $29,000 per year for a family of four) and reside in areas with designated “failed” schools. If approved Senate Bill 1 will also significantly increase the Pennsylvania Education Improvement Tax Credit Program (EITC) funding available for need-based scholarships.
Children’s Scholarship Fund Philadelphia’s core mission is to provide low-income children with financial access to safe, quality K-8th grade tuition-based schools. Over the last decade CSFP has received more than 105,000 applications for 8,500 awards. The need for greater scholarship support by low-income Philadelphia families desperate to provide better opportunities for their children remains tremendous.
CSFP fully supports measures like Pennsylvania Senate Bill 1 because it will expand educational options for many more low-income children who otherwise would remain financially trapped in these designated “failed” schools.
To learn more about how Senate Bill 1 works, please click here.
Given the present budget crisis in Harrisburg, we urge you to voice your opinion on Senate Bill 1. To contact your legislator, please visit: http://www.cloutnetworks.com/operation-restore/reach-ahead/take-action
