EITC Scholarship Program
Although this program is not affilliated with the Foundation, we present it here to inform you about this Catholic Education initiative within the Diocese of Altoona-Johnstown.
Second Century Scholarship Fund
The Second Century Scholarship Fund, administered by the Diocesan Development Office, is a separate 501(c)(3) non-profit organization that accepts contributions and distribute needs-based scholarships among eligible students attending Catholic pre-schools, elementary schools and high schools in Blair, Bedford, Cambria, Centre, Clinton and Somerset Counties.
Since 2001, area businesses have contributed more than $4 million dollars to the fund through the Pennsylvania Educational Improvement Tax Credit Program (EITC). Businesses from large corporations to family-owned companies and partnerships may be eligible to earn significant tax credits against six Pennsylvania business taxes.
This innovative legislation allows a business to re-direct a portion of its tax dollars from Harrisburg to support students in the local community. For example, a $500.00 scholarship can be awarded for a little as $50.00 once the tax credits are earned.
For complete program details, including official DCED guidelines and applications, please visit the fund’s web site at www.SecondCenturyFund.org.