November 30, 2012
The First Donates $100,000 to Local Schools
For the eighth consecutive year, The First National Bank and Trust Company of Newtown has partnered with Buckingham Friends School to distribute its Educational Improvement Tax Credit Program scholarship donation. The $100,000 donation was recently presented to nine area schools. The EITC program is a great way for businesses to direct tax dollars.
“For the past eight years we have proudly provided scholarship funding to local schools,” said Dan Schaffer, President of The First. “The EITC program helps to provide children and their 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.
# # #
The First presents the EITC scholarship check to local schools. Standing L-R (back): MSGR Michael Picard, St. Andrew Catholic School; Steven Tuttle, Woods Services; Diane Eilbacher, Buckingham Friends; Dana H. Harrison, Newtown Friends School; Jennifer K. Burns, Solebury School; John T. Parry, CEO, The First. Standing L-R (front): Daniel J. Schaffer, President, The First; Dennis L. Detweiler, Vice President, The First; Carol Klein, Grey Nun Academy; Liz Morton, The Pen Ryn School; John Mundy, Holy Family Regional Catholic School; David Cashman; Faith Baptist Christian Academy.