The time for helping needy students fund specialized education that spikes achievement, remedies poor results, and prevents bullying is now—businesses, too, benefit
 
 
Concord, NH  — The Network for Educational Opportunity (NEO) announced today that the June 15th deadline for businesses to take advantage of the New Hampshire  Education Tax Credit is fast approaching.  Applications and contributions directly to NEO can be done here www.networkforeducation.org.
 
Should businesses fail to apply for the tax credit by June 15th, the tax credits expire and the enrollment period to drive down the costs of education for the state while helping needy students will not reopen until January of next year.  Worse yet, a once-a-year chance to help one or more underprivileged students will be lost.
 
More than 100 corporations and individuals contributed to NEO in 2013 and 1,000-plus children applied for scholarships, demonstrating that tuition scholarships are sorely needed among New Hampshire’s underprivileged students. 
 
A robust 91 percentof NEO scholarship recipients funded by contributions from businesses through the education tax credit and private, tax-deductible contributions in 2013 had a household income that qualifies them for the federal Free and Reduced-Lunch program.
 
Strategic business investment in the education of underprivileged students via New Hampshire’s Education Tax Credit Scholarships increases student achievement, reduces inequalities, solves victimization caused by bullying, and contributes to workforce competitiveness by producing well-educated workers and leaders. 
 
Every child deserves a quality education no matter where in New Hampshire those students live, what the students look like, or what language their family speaks inside the home.  Quality takes many forms and our communication with families seeking financial assistance tells us better educational settings and outcomes are there, but unfortunately they are out of reach for many students.  Our inaugural year revealed that a solution is found at the intersection of businesses’ generosity toward the communities they serve, and businesses’ commonsense interest in driving down costs,” said NEO Executive Director Kate Baker.
 
Businesses can receive an 85% education tax credit for contributions to the Network for Educational Opportunity, which provides students in homes of modest means with scholarships for tuition at private school, a public school outside of the student’s district, or for homeschooling expenses.  Students trapped in educational settings where their academic potential is untapped and where disciplinary problems exists are condemned to remain there unless nonprofits like NEO develop individualized solutions.  Currently the availability of public education – irrespective of students’ highly individual potential or challenges – is based largely on what ZIP code they live in.  This cements longstanding inequalities and amplifies injustices based on income lines and other “community characteristics,” according to Ms. Baker.
 
“Businesses that care deeply about New Hampshire students and that monitor their bottom line can empower low-income families to choose a school that is a great fit for their children, but they must do it now,” said Ms. Baker. 
 
“The NEO scholarship model created by the state’s education tax credit law proves that businesses can take the lead in helping children and youth while running an enterprise smartly and efficiently, as they must do day in and day out.  These objectives coexist through the education tax credit law,” added Baker.

“We have education tax credits still available and businesses must apply by June 15,” Baker said. All businesses that would owe business profits tax and/or business enterprise tax in New Hampshire are eligible to contribute and apply for the education tax credit.

For more information on how to help underprivileged New Hampshire students through the Education Tax Credit contact Kate Baker at 603-785-0174.
 


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