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Greencastle Foundation backed by businesses

November 09, 2007

GREENCASTLE, Pa. - The Greencastle-Antrim Education Foundation (GAEF), a local tax-exempt, nonprofit organization dedicated to providing for and enhancing educational opportunities for all members of the Greencastle-Antrim community has received $26,000 from local businesses through the Pennsylvania Department of Community and Economic Development's Educational Improvement Tax Credit (EITC) Program.

This year, GAEF received EITC funds from Waste Management ($10,000), First National Bank of Greencastle ($10,000), Orrstown Bank ($5,000) and CRS of Williamsport, Pa. ($1,000).

Eighty percent of EITC funds received must be passed to the school district for approved innovative educational programming. Greencastle-Antrim School District will receive $20,800 of the donated EITC funds to use as outlined in the approved application made to the PA Department of Community and Economic Development.

The remaining funds will be kept by the foundation and used for educational purposes within the community.

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