First Community Bank Matches Taylor's Family Funds for Scholarship (w/photo)
CreatedFriday, February 04 2011
Created byJim Nelson/Media Relations - (304) 327-4103 firstname.lastname@example.org
Anne Taylor (left),Vice President of Business Development/First Community Bank, presented a $500 donation to the Bluefield State College Foundation for support to create the endowed “Taylor Family Scholarship Fund” at BSC. Karen Harvey (right), BSC Foundation Executive Director, accepted the donation on behalf of the Foundation and the College. First Community Bank provided matching funds to support the scholarship, which will be awarded to a female BSC student, majoring in Nursing or Engineering Technology. The recipient must be a mother of one or more children and possess a minimum high school grade point average of 3.5 or college GPA of 3.0. “I cannot imagine how difficult it must be for parents to attend school while they have children depending upon them,” Taylor (a member of the Bluefield State College Board of Governors) noted. “I want to do what I can to help at least one mother help her children.”
Ms. Taylor’s donation and First Community Bank’s matching gift qualify for state tax credits through the Neighborhood Investment Program (NIP), available to donors who make qualifying gifts of $500 or more. Donors receive half their gifts back as state tax credits, and their donations are fully tax deductible on federal tax returns. The credits may be applied to business tax expenses or an individual’s personal tax return, and they may be claimed in a single year or over a five-year period.