Highmark Inc.'s subsidiaries provide more than $1.6 million for education in Pennsylvania
PITTSBURGH (Aug. 25, 2015) Students across the Commonwealth will benefit from $1,663,332 in grants awarded by Highmark Inc. subsidiaries through Pennsylvania's Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs.
Highmark subsidiaries that fund the grants through the EITC and OSTC programs are Davis Vision, Highmark Casualty Insurance Company, HM Health Insurance Company, Keystone Health Plan West and United Concordia Dental. A total of 85 organizations will benefit from this year's grants.
"We would not be where we are as a school without the support of the Pittsburgh community," said Josephine B. Moore, president, The Neighborhood Academy. "The support we receive from local corporations through the EITC program makes it possible to educate the whole child, and provide opportunities and resources that the families we serve may not otherwise be able to access. Our partnership with Highmark Inc. and its subsidiaries has truly made a difference in the lives of many young people."
The breakdown of Highmark companies' $1.6 million in grants was $250,000 for educational improvement, more than $1.13 million for scholarship programs and $300,000 for Pennsylvania's Opportunity Scholarship Organizations.
The EITC program is available to Pennsylvania businesses paying any one of six specific state taxes and applying for participation to the program's administrator, the Pennsylvania Department of Community and Economic Development.
Highmark companies have provided more than $14.8 million dollars to support education through the EITC and OSTC programs since 2006.
"A strong commitment to our communities is something all Highmark companies share," said Dan Onorato, executive vice president, Highmark Health. "Education is a critical part of creating strong, healthy communities. By continuing to participate in Pennsylvania's EITC and OSTC programs, Highmark companies are funding educational organizations that are creating innovative programs that will positively impact the lives of children across the region."
Highmark and its subsidiaries paid $40.5 million in Pennsylvania taxes in 2014, including $4.5 million in county and municipal taxes.
About Highmark Inc.Highmark Inc. is among the ten largest health insurers in the United States and is the fourth-largest Blue Cross and Blue Shield-affiliated company. Highmark and its diversified businesses and affiliates operate health insurance plans in Pennsylvania, Delaware and West Virginia that serve 5.3 million members. Its diversified health businesses serve group customer and individual health needs across the United States through dental insurance, vision care and other related health businesses. Highmark is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies. For more information, visit www.highmark.com.