Neumann Scholarship Foundation

 

February 2008

 

OLA School Code 10307

 

The Neumann Scholarship Foundation is a program derived from the state Educational Improvement Tax Credit plan, which allows companies to take a credit against certain state taxes in return for their donation to qualified scholarship organizations.  Companies may make an unrestricted donation or designate their donation for a particular school.  For the 2008-2009 school year, $135,000 has been earmarked for tuition assistance for students attending Our Lady of the Angels School.

 

The Diocese works with PSAS, the company that has been selected to manage the program.

 

Please complete the attached worksheet to determine your eligibility. These worksheets are for your personal use and are not returned to the office.  Applications for the scholarship will be available upon request at the school office. Completed applications are sent to PSAS, who will verify the information, process and retain records, as required by state law.  PSAS will notify families of any scholarship award sometime in June.

 

To assist you in this application process:

¨      Complete the worksheet attached to this flyer to see if your family will meet the state guidelines.   This is only a worksheet; the application must be requested from the office.

¨      If you have determined your family may qualify, please request an application from the school office.  Complete application including the Educational Improvement Tax Credit Scholarship Guidelines/Instructions page.  This must accompany the completed scholarship application form.

¨      One application is used per family, even if students attend different Catholic Schools in the Diocese.

¨      Use the correct SCHOOL CODE: 10307

¨      The fee, all tax forms and information must be provided.  Incomplete applications may not be able to be processed.  Both Federal and State Tax forms are required.  If you do not file the PA tax form, a copy of a utility bill may be submitted as proof of residency.

¨      Fee must be included with the application.

¨      Completed forms are mailed in the envelope provided to PSAS.

¨      Families will be notified by PSAS of scholarship awards sometime in June.

¨  The deadline for applications is April 1st. 

¨  No late forms will be accepted.