OFFICIAL PUBLICATION OF THE PENNSYLVANIA ASSOCIATION OF COMMUNITY BANKERS

Pub. 2 2020 | Issue 10

Parkland_2020

The Neffs National Bank Donates EITC Funds to Area Educational Foundations and Announces Partnership for Financial Literacy

By Neffs National Bank

The Neffs National Bank presented donations to nine educational foundations totaling $100,000. The donations were given in March 2020 at the start of the COVID-19 pandemic. They were officially presented to representatives from eight of the foundations over the last two weeks of September.

Those foundations included: Parkland School District Education Foundation, Northern Lehigh School District Education Foundation, Wildlands Conservancy, Inc., the Commonwealth Charitable Management, Inc., Wildlife Information Center, Inc., Northwestern Lehigh Educational Foundation, Inc., Lehigh Carbon Community College Foundation, Circle of Season Foundation, Inc., and Carbon County Community Foundation.

These donations were made through The Neffs National Bank’s participation in the state’s Educational Improvement Tax Credit (EITC) Program. This program authorizes tax credits for contributions to Educational Improvement Organizations and allows the bank to earmark their taxes to support these programs.

Many of these organizations have adapted their educational programs to virtual platforms amid the pandemic through EITC donations. Kevin Schmidt, President/CEO of The Neffs National Bank, noted, “these organizations are facing uncertain times with increased budget constraints and the need to reengineer their education programs. I would encourage local businesses to support these organizations either directly or through participation in the EITC program.”

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The Neffs National Bank also launched its financial literacy program in March with financial education partner EVERFI, Inc. through the Commonwealth Charitable Management, Inc. donation. The Neffs National Bank sponsors the online, interactive financial education resources. They are available to area school districts across Lehigh, Carbon and Northampton counties at no cost to the districts.

About The Neffs National Bank: The Neffs National Bank, a subsidiary of Neffs Bancorp, Inc., is committed to serving the financial needs of our clients and local communities with high-quality, customer-focused service and maximizing long-term shareholder value.

This story appears in Issue 10 2020 of the Hometown Banker Magazine.

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