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Foundation sees sharp increase in Fundraising Revenue in 2017-18

The third year has been a charm! The foundation board is thrilled to report a net profit of just under $77,000 for its 2017-18 fiscal year. Community support has helped the foundation grow year after year, benefiting more students. Details on the report and a look ahead at 2018-19 are highlighted in this news article on StateCollege.com.

The foundation was established as a separate charitable organization for private fundraising for student experiences and learning opportunities not regularly supported in the annual district budget. It allows businesses to make contributions to the district through Pennsylvania's Educational Improvement Tax Credit (EITC) program, which lets businesses earn tax credits in exchange for charitable contributions to approved organizations.

EITC revenue for the foundation in 2017-18 totaled $60,000.

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