PITTSBURGH, Dec. 6, 2023
/PRNewswire/ -- KeyBank announced it has awarded 21
Western Pennsylvania organizations
with funding through Pennsylvania's Educational Improvement
Tax Credit (EITC) program totaling more than $500,000.
Under the program, Pennsylvania
allows individuals and businesses to obtain a state tax credit
equal to 90% of their Pennsylvania
state tax liability for eligible contributions. These contributions
must be made either to schools that provide tuition assistance to
students from low-income households or to approved Educational
Improvement Organizations.
"At KeyBank, we believe in supporting organizations and programs
that help students succeed in school and eventually graduate and
have access to college and career-building opportunities," said
Vic Laurenza, KeyBank's Western
Pennsylvania Market President. "We appreciate the EITC program and
the opportunity to give back to the organizations that are
educating the next generation of leaders."
The funding from Key ranges from $20,000 to $40,000
and have been made to the following community organizations:
- Aquinas Academy
- Community Foundation of Fayette
County
- Crossroads Foundation
- Extra Mile Education Foundation
- Fund for the Advancement of Minorities through Education Inc.
(FAME)
- Holy Family Foundation
- Junior Achievement of Western PA
- Pittsburgh Jewish Educational Improvement Foundation
- Poise Foundation
- The School at McGuire Memorial
- Watson Institute
- Imani Christian Academy
- Lifesteps, Inc
- The Neighborhood Academy
- Washington County Community Foundation
- Angel's Place Inc.
- Greater Erie Community Action Committee
- Villa Maria Cathedral Preparatory Catholic School System
- Dr. Gertrude A. Barber National Institute
- Warren-Forest Counties Economic Opportunity Council
- Mercyhurst Preparatory School
ABOUT KEYCORP
KeyCorp's (NYSE: KEY) roots trace back
nearly 200 years to Albany, New
York. Headquartered in Cleveland,
Ohio, Key is one of the nation's largest bank-based
financial services companies, with assets of approximately
$188 billion at September 30, 2023.
Key provides deposit, lending, cash management, and investment
services to individuals and businesses in 15 states under the name
KeyBank National Association through a network of approximately
1,000 branches and approximately 1,300 ATMs. Key also provides a
broad range of sophisticated corporate and investment banking
products, such as merger and acquisition advice, public and private
debt and equity, syndications and derivatives to middle market
companies in selected industries throughout the United States under the KeyBanc Capital
Markets trade name. For more information, visit
https://www.key.com/. KeyBank is Member FDIC.
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SOURCE KeyCorp