Through Tax Program, Northwest Donates $5,000 to GoodwillNovember 4, 2012, Johnstown Tribune-Democrat
Goodwill of the Southern Alleghenies recently received a $5,000 charitable donation from Northwest Savings Bank through the Educational Improvement Tax Credit Program of the state Department of Community and Economic Development.
Under the program, Goodwill is approved as an educational improvement organization, qualifying the agency to receive donations.
Goodwill will apply Northwest Savings Bank’s contribution to support its innovative education programs designed to assist area school students in increasing skills in career exploration and development and in social, life and communication skills. In addition, Goodwill’swork-force-readiness helps prepare students for postsecondary education, employment or othervocational interests.
Businesses can make a charitable donation to approved organizations based on the amount of state taxes they owe. In return, the businesses receive a 75 percent tax credit (up to $400,000) when they file their state taxes. A two-year commitment at the same funding level earns a business a 90 percent tax credit.