Grace Montessori School received $22,000 in Earned Income Tax Credit (EITC) funds slated for the 2022-2023 school year. Bridge Educational Foundation provided $2,000, made possible through a donation from JL Mann Consulting. Commonwealth Charitable Management provided $10,000 donated by Coterra Energy. And Bravo Foundation provided $10,000 in funding from Penrac, LLC (doing business as Enterprise-Rent-A- Car) with the direction of State Senator Pat Browne.
Serving children ages 12 months to 12 years, the funds will be utilized through the Grace Montessori School’s Closing the Achievement Gap Program. This program seeks to accomplish one of Grace Montessori’s founding goals: to help low-income children escape poverty by providing high-quality education. The scholarships assist families needing financial aid to achieve school readiness and a foundation for their child’s lifelong learning. This school year, Grace Montessori School expects to serve 36 scholarship students.
During the 2021-2022 school year, 34 students received scholarships and reduced tuition, amounting to $79,077. The program provides educational opportunities to improve the quality of life for students, their families, and communities, one deserving child at a time.
The EITC program provides educational tax credits for businesses in the Commonwealth to support public, private, and preschool programs. It was signed into law by Governor Tom Ridge in 2001, connecting employers with students for over two decades to improve educational opportunities for low-income families.
Each year, more businesses and families wish to participate in the EITC program than the cap set by the Commonwealth allows, and EITC credits are usually exhausted on the first day of the state’s fiscal year, July 1. Anyone interested in supporting the GMS Closing the Achievement Gap Program through EITC tax credits to be provided by your business or employer should contact the school at [email protected] or 610-435-4060.
