April 15, 2011
The First Presents Annual EITC Scholarship Donation
The First National Bank and Trust Company of Newtown has once again teamed up with Buckingham Friends School to distribute its annual $95,000 Educational Improvement Tax Credit Program scholarship donation to eight area schools. The Educational Improvement Tax Credit Program is a great way for businesses to direct tax dollars.
“We have proudly provided scholarship funding to local schools for the past seven years.” explained The First’s Chairman and CEO, John T. Parry. “The EITC helps to provide children and families with a choice in their education and a chance in life.”
The scholarship program falls under Pennsylvania’s Educational Improvement Tax Credit Program which seeks to support education by encouraging corporate donations to non-profit scholarship or educational improvement organizations in exchange for tax credits.
For more information on how businesses can be involved in the EITC program, please visit www.paeitc.com. For information about The First National Bank and Trust Company of Newtown, please visit www.fnbn.com.
Founded in 1864, The First National Bank is Bucks County’s oldest, most established bank, with twelve branches throughout Central and Lower Bucks County. The First is committed to local ownership, operation and investment.