Minard Run Oil Co.
has made a $25,000 contribution to Pitt-Bradford that
will allow more high school students to take advantage of a program that allows
them to earn college credit at minimal cost.
The contribution is made possible
through a tax credit program offered by the Pennsylvania Department of
Community and Economic Development.
This is the second year Minard Run
has taken advantage of the program.
“We’re happy to make this investment
to allow students to have the opportunity to bridge their education to a
potentially greater future,” said Frederick Fesenmyer, owner, president and
chief executive officer of Minard Run Oil.
Pitt-Bradford has two programs in
which students can earn both high school and college credits for the same
course, BRIDGES and College in the High School. Both programs will benefit from
Minard Run’s contribution.
In the BRIDGES program, high
school students attend Pitt-Bradford classes on campus with regular college
students. In College in the High School, which Pitt-Bradford now offers in 21
high schools throughout the region, qualified teachers teach Pitt-Bradford
courses during regular school time, and students are able to earn college
Contributions provided last
year through Minard Run and other local businesses allowed Pitt-Bradford to add
new districts to the College in the High School program this fall, including
Brookville, Forest, Kane, Port Allegany, Oil City, Johnsonburg and three more
high schools in Warren Area School District.
Unlike the Advanced Placement
exam, which requires that students make a final score on an AP test at the end
of the semester or year, College in the High School students follow the same
syllabus as the students at Pitt-Bradford, cover the same material and take the
same final exam. Students have the added benefit of studying a semester’s worth
of college material over the course of an entire academic year.
Last year, 429 students took
712 courses at 12 high schools through College in the High School. Courses
offered range from first-year math and composition to more specialized
first-year courses such as petroleum technology, cinema, geography, Spanish,
accounting, sociology and more. The additional funding provided
by Minard Run and other local businesses has allowed Pitt-Bradford to offer the
classes for $25 each.
In the BRIDGES program there are currently 20
students enrolled in 30 on-campus courses.
Run made its contribution through the special state program that allows it to
receive tax credits for its gift. Companies have to pre-qualify with the state
on a strict schedule, as did Pitt-Bradford.
businesses that must pay certain types of taxes in the state of Pennsylvania
may qualify to redirect up to $750,000 of their PA tax liability to an approved
Educational Improvement Organization such as Pitt-Bradford. The taxes include
Corporate Net Income Tax, Capital Stock Franchise Tax, Bank and Trust Company
Shares Tax, Title Insurance Company Shares Tax, Insurance Premiums Tax, Mutual
Thrift Institutions Tax and some Subchapter S-corporations.
more information on whether a business may qualify for the Educational
Improvement Tax Credit Program, contact Rick Esch, vice president of business
affairs at Pitt-Bradford, at (814)362-0992 or firstname.lastname@example.org.