BRADFORD, PA –
Northwest Savings Bank has made a $25,000 contribution to the University of
Pittsburgh at Bradford to provide tuition support for high school students in
the region who are taking classes through the university’s Bridges and College
in the High School dual enrollment programs.
The contribution
comes through a tax credit program offered by the Pennsylvania Department of
Community and Economic Development.
This is the third
year Northwest has taken advantage of the program to support Pitt-Bradford.
“We’re pleased to be
able to support Pitt-Bradford and local students through this tax credit
program,” said Bill Pantuso, senior vice president, district manager – Warren,
McKean, Potter and Tioga counties. “Northwest and Pitt-Bradford both have deep
roots in the region, and we look forward to future partnerships that
help meet the educational needs of students and employers.”
Pitt-Bradford has two
kinds of programs in which students can earn both high school and college
credits for the same courses, Bridges and College in the High School. Both
programs will benefit from Northwest’s contribution.
In the Bridges
program, high school students attend Pitt-Bradford classes with regular college
students. In College in the High School, which is now offered in 25 high
schools throughout the region, qualified teachers teach Pitt-Bradford courses
during regular school time, and students are able to earn college credit.
Contributions
provided last year through Northwest and other local businesses allowed
Pitt-Bradford to add new schools to the College in the High School program this
fall: Titusville Area High School in Crawford County and Rocky Grove High
School and Cranberry Area High School, both in Venango County.
Unlike the Advanced
Placement exam, which requires that students make a final score on an AP test
at the end of the semester or year, College in the High School students follow
the same syllabus as the students at Pitt-Bradford, cover the same material and
take the same final exam. Students have the added benefit of studying a
semester’s worth of college material over the course of an entire academic
year.
During the 2013-14
academic year, 869 students took 1,441 individual college courses at 21 high
schools through College in the High School. Also last year, 23 Bridges students
at Bradford Area High School were able to take 56 college courses at
Pitt-Bradford during their junior or senior year.
Courses offered in
dual enrollment programs range from first-year math and composition to more
specialized first-year courses such as petroleum technology, cinema, geography,
Spanish, accounting, political science and more.
Northwest made its
contribution through a special state program that allows it to receive tax
credits for its gift. Companies have to pre-qualify with the state on a strict
schedule, as did Pitt-Bradford.
Interested businesses
that must pay certain types of taxes in the state of Pennsylvania may qualify
to redirect up to $750,000 of their PA tax liability to an approved Educational
Improvement Organization such as Pitt-Bradford. The taxes include Corporate Net
Income Tax, Capital Stock Franchise Tax, Bank and Trust Company Shares Tax,
Title Insurance Company Shares Tax, Insurance Premiums Tax, Mutual Thrift
Institutions Tax and some Subchapter S-corporations.
For more information
about whether a business may qualify for the Educational Improvement Tax Credit
Program, contact Rick Esch, vice president of business affairs at
Pitt-Bradford, at 814-362-0992 or esch@pitt.edu.
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