{"id":452802,"date":"2021-03-08T10:04:47","date_gmt":"2021-03-08T15:04:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452802"},"modified":"2021-03-08T10:04:47","modified_gmt":"2021-03-08T15:04:47","slug":"wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/","title":{"rendered":"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">WILMINGTON, Del., March  08, 2021  (GLOBE NEWSWIRE) &#8212; Today, WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced a total contribution of $850,000 for Educational Improvement Tax Credit Programs (EITC) and Opportunity Scholarship Tax Credit Programs (OSTC), supporting 65 schools and educational programs in Pennsylvania.<\/p>\n<p align=\"justify\">The donations will provide students from low-to-moderate income neighborhoods with scholarships to dozens of schools and fund numerous educational programs, such as Independence Mission Schools, YMCA of Greater Brandywine, the National Liberty Museum and Hope for Kids, throughout Bucks, Chester, Delaware, Montgomery and Philadelphia counties.<\/p>\n<p align=\"justify\">\u201cWSFS is committed to supporting educational opportunities for students from all backgrounds and communities,\u201d said Patrick Ward, Pennsylvania Market President, WSFS Bank. \u201cThese donations offer scholarship opportunities to students who otherwise may not be able to attend schools of their choice as well as helping local nonprofits expand educational programs for children in their footprint.\u201d<\/p>\n<p align=\"justify\">\u201cWe are lucky to have such a great partner in WSFS,\u201d said Rabbi Yaakov Deutscher, Executive Director, Kosloff Torah Academy. \u201cNot only are they a great Bank, but they also participate in the EITC Program, which allows families in need to receive much-needed scholarship and tuition assistance. Thank you WSFS for being there for us!\u201d<\/p>\n<p align=\"justify\">\u201cThe Foundation for Catholic Education is extremely grateful for the support that WSFS Bank provides through the EITC and OSTC Programs,\u201d said Jerry Parsons, President, Foundation for Catholic Education. \u201cThese contributions help provide local scholarships to families in need and are vital to the Foundation\u2019s mission, to help support the 102 Catholic Elementary Schools in the Archdiocese of Philadelphia.\u201d<\/p>\n<p align=\"justify\">Pennsylvania\u2019s EITC and OSTC Programs enable eligible businesses to receive tax credits for contributions to scholarship organizations, educational improvement organizations, pre-kindergarten scholarship organizations and opportunity scholarship organizations.<\/p>\n<p align=\"justify\">In 2020, the WSFS Community Foundation provided $300,000 in grants to 21 local nonprofits engaged in the fight against COVID-19. WSFS Bank provided a $200,000 donation to four community development financial institutions (CDFIs) to utilize for relief grants to help accelerate recovery efforts of local small businesses within the Bank\u2019s footprint. WSFS Bank and the WSFS Community Foundation donated $35,500 to provide hundreds of technology devices to area students for online learning. In addition, the Bank raised more than 57,000 pounds of food for four organizations fighting hunger in the Community as part of its 17<sup>th<\/sup> Annual Fall Food Drive.<\/p>\n<p>\n        <strong>About WSFS Financial Corporation <\/strong><br \/>\n        <br \/>WSFS Financial Corporation\u00a0is a multi-billion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater\u00a0Philadelphia\u00a0region. As of\u00a0December 31, 2020,\u00a0WSFS Financial Corporation had\u00a0$14.3 billion\u00a0in assets on its balance sheet and\u00a0$24.2 billion\u00a0in assets under management and administration. WSFS operates from 112 offices, 89 of which are banking offices, located in Pennsylvania (52),\u00a0Delaware\u00a0(42),\u00a0New Jersey\u00a0(16),\u00a0Virginia\u00a0(1) and\u00a0Nevada\u00a0(1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Cash Connect<sup>\u00ae<\/sup>, Cypress Capital Management, LLC,\u00a0Christiana Trust Company of Delaware<sup>\u00ae<\/sup>, NewLane Finance<sup>\u00ae<\/sup>, Powdermill<sup>\u00ae<\/sup> Financial Solutions,\u00a0West Capital Management<sup>\u00ae<\/sup>, WSFS Institutional Services<sup>\u00ae<\/sup>, WSFS Mortgage<sup>\u00ae<\/sup>, and WSFS Wealth<sup>\u00ae<\/sup> Investments. Serving the Greater\u00a0Delaware Valley\u00a0since 1832,\u00a0WSFS Bank is one of the ten oldest banks in\u00a0the United States\u00a0continuously operating under the same name. For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ngjPV1kem7QM8J4C0lSoKKm2e6yULYOcvM79DcwGqCT7wqkBmjKQm_5xEAEko1jH7l5kVief8LqoWJCuLwZTYw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.wsfsbank.com<\/a>.<\/p>\n<p>\n        <strong>Media Contact:<\/strong> Kyle Babcock<br \/>215-864-1795<br \/>kbabcock@wsfsbank.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjE3NyM0MDUzMjc4IzIwMTg5MzE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/22ba0127-f9c7-4661-965f-5d0faa7d1642\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, Del., March 08, 2021 (GLOBE NEWSWIRE) &#8212; Today, WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced a total contribution of $850,000 for Educational Improvement Tax Credit Programs (EITC) and Opportunity Scholarship Tax Credit Programs (OSTC), supporting 65 schools and educational programs in Pennsylvania. The donations will provide students from low-to-moderate income neighborhoods with scholarships to dozens of schools and fund numerous educational programs, such as Independence Mission Schools, YMCA of Greater Brandywine, the National Liberty Museum and Hope for Kids, throughout Bucks, Chester, Delaware, Montgomery and Philadelphia counties. \u201cWSFS is committed to supporting educational opportunities for students from all backgrounds and communities,\u201d said Patrick Ward, Pennsylvania Market President, WSFS Bank. \u201cThese donations offer scholarship opportunities &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452802","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, Del., March 08, 2021 (GLOBE NEWSWIRE) &#8212; Today, WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced a total contribution of $850,000 for Educational Improvement Tax Credit Programs (EITC) and Opportunity Scholarship Tax Credit Programs (OSTC), supporting 65 schools and educational programs in Pennsylvania. The donations will provide students from low-to-moderate income neighborhoods with scholarships to dozens of schools and fund numerous educational programs, such as Independence Mission Schools, YMCA of Greater Brandywine, the National Liberty Museum and Hope for Kids, throughout Bucks, Chester, Delaware, Montgomery and Philadelphia counties. \u201cWSFS is committed to supporting educational opportunities for students from all backgrounds and communities,\u201d said Patrick Ward, Pennsylvania Market President, WSFS Bank. \u201cThese donations offer scholarship opportunities &hellip; Continue reading &quot;WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-08T15:04:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjE3NyM0MDUzMjc4IzIwMTg5MzE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs\",\"datePublished\":\"2021-03-08T15:04:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\\\/\"},\"wordCount\":566,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NjE3NyM0MDUzMjc4IzIwMTg5MzE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\\\/\",\"name\":\"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs - 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The donations will provide students from low-to-moderate income neighborhoods with scholarships to dozens of schools and fund numerous educational programs, such as Independence Mission Schools, YMCA of Greater Brandywine, the National Liberty Museum and Hope for Kids, throughout Bucks, Chester, Delaware, Montgomery and Philadelphia counties. \u201cWSFS is committed to supporting educational opportunities for students from all backgrounds and communities,\u201d said Patrick Ward, Pennsylvania Market President, WSFS Bank. \u201cThese donations offer scholarship opportunities &hellip; Continue reading \"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-08T15:04:47+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjE3NyM0MDUzMjc4IzIwMTg5MzE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs","datePublished":"2021-03-08T15:04:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/"},"wordCount":566,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjE3NyM0MDUzMjc4IzIwMTg5MzE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wsfs-bank-donates-850000-in-eitc-and-ostc-funds-to-pennsylvania-schools-and-programs\/","name":"WSFS Bank Donates $850,000 in EITC and OSTC Funds\u00a0to Pennsylvania Schools and Programs - 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