Highmark Inc.'s subsidiaries provide nearly $2 million for education in Pennsylvania
PITTSBURGH (Aug. 15, 2016) Students across the Commonwealth will benefit from $1,935,000 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 and HM Casualty Insurance Company. A total of 80 organizations will benefit from this year's grants.
The breakdown of Highmark companies' nearly $2 million in grants was $150,000 for educational improvement, more than $567,000 for scholarship programs, $722,000 for Pennsylvania's Opportunity Scholarship Organizations and $497,000 for pre-K programming.
The EITC and OSTC programs are 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 $16.7 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 Highmark Health Executive Vice President Dan Onorato. "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 $44.6 million in Pennsylvania taxes in 2015, including $4.5 million in county and municipal taxes.
About Highmark Inc.
Highmark Inc. and its health insurance subsidiaries and affiliates collectively are among the ten largest health insurers in the United States and comprise the fourth-largest Blue Cross and Blue Shield-affiliated organization. Highmark and its diversified businesses and affiliates operate health insurance plans in Pennsylvania, Delaware and West Virginia that serve 5.2 million members and hundreds of thousands of additional members through the Blue Card program. Its diversified businesses serve group customer and individual needs across the United States through dental insurance, vision care and other related 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.