Race for Education Update

4/21/2009 - Last week we held our second annual Race for Education. What a fabulous spring day we had with over 200 students, 40 parents and 25 staff members participating. We walked and/or jogged our way around the playground for PCA.

Thanks to everyone who submitted labels, donated stamps, helped prepare mailers, made donation, tallied donations, prepared us for Race day, attended the race, and cheered on our students.

This fundraiser began back in January with your submission of labels and will close when the last donation is received and tallied. As of today we have received over $15,000 in donations. Sponsors may continue to submit their contributions until May 1st when we hope to close the 2009 Race for Education campaign.

TOP RACE FINISHERS
First Grade – Paulie Bove (28), Second Grade – Nathan Addley (25),
Third Grade – Symeire Jones (27), Fourth Grade – Colin Smith (26),
Fifth Grade – Temi Aiyegbusi (29), Sixth Grade – Anthony DeMarinis (31),
Seventh Grade – Will Kluth (38), Eighth Grade – Jason Kash (28) and Kyle Wilson (28)

Does Your Business Make Charitable Contributions?

Would You Like to Receive a Tax Credit for a Scholarship Donation?

Pennsylvania's Educational Improvement Tax Credit (EITC) program is the only state program in the U.S. that PAYS YOU BACK with tax credits for making scholarship donations to non-profits such as Penn Christian Academy. Qualifiying is easy - a simple application form establishes that you are authorized to do business in the Commonwealth of Pennsylvania and are subject to the following taxes:

• Corporate Net Income Tax, Capital Stock Franchise Tax, Bank and Trust Company Shares Tax, Title Insurance Companies Shares Tax, Insurance Premiums Tax, or Mutual Thrift Insitutions Tax.

To receive tax credits for up to 90% of your contribution (if you agree to make the contribution for two consecutive tax years) once you have qualified, your business must contribute cash, personal property or specified services to a scholarship organization and/or educational improvement organization on a list published by the Department of Community and Economic Development (DCED). (Visit www.newPA.com for a current list.) If you designate your contribution to benefit Pre-Kindergarten students, you will receive tax credits equal to 100% of your contribution up to $10,000 and 90% of of any additional amount contributed. Application forms for the 2007-08 fiscal year are available through PCA and will be accepted by the DCED beginning July 2, 2007. For more information, contact Kristl Wiernicki, PCA Development Director, at (610) 279-6628 x109.

Penn Christian Academy

50 W. Germantown Pike
Norristown, PA. 19401
Tel. 610-279-6628
Fax: 610-279-1956