2006-2007 Fall/Winter Directions - Friends' Central School

If you love Friends’Central and…
If you pay corporate net income tax, capital
stock franchise tax, bank and trust company shares
tax, title insurance company shares tax, insurance
premiums tax or mutual thrift institutions tax, then
you should be asking, What is the EITC?
The EITC is a way to make a gift to Friends’ Central’s
financial aid program as you get a substantial tax credit.
Make a gift through the Educational Improvement Tax Credit (EITC)
program and receive a tax credit for 90% of the value of the gift.
It sounds like a lot of bureaucracy.
The EITC application is just one page and participants tell us it is very
easy to fill out.
Is it worth it? What if I can only make a small gift?
YES! Every gift matters. This year Friends’ Central has received over
$180,000 in EITC contributions. Gifts ranged from a few hundred
dollars to over one hundred thousand.
How does it work?
EITC gifts go directly to financial aid and their impact is enormous.
For example, $180,000 has the same impact on our budget as if we
had added $3.6 million to our endowment.
How can I get started?
Call your accountant and then call us. We’ll answer any questions and
if you’d like, we can put you in contact with other parents and alumni/ae
who have already made EITC gifts.
For EITC questions or to tell us you are interested in participating
please call or email Lydia Martin, Director of Development 610-645-5034,
lmartin@friendscentral.org or Jim Brennan, Director of Annual Giving
610-645-5036, jbrennan@friendscentral.org