Bob Schaffer: “Just to name a few that were mentioned in this Philadelphia Inquirer article just a few days ago, in fiscal year 2000…”

“Just to name a few that were mentioned in this Philadelphia Inquirer article just a few days ago, in fiscal year 2000 the Chester Education Foundation listed revenue of $1.2 million. The Philadelphia Education Fund had $7.8 million in revenue in fiscal year 2000, collecting more than $50 million since its founding in 1984. There are more. There is the Pew Charitable Trusts, the William Penn Foundation, the Carnegie Corporation. In Bucks County you have the Centennial Foundation, which has raised about $50,000 since 1997. These are funds that raised money even before the tax credit. When the tax credit in Pennsylvania took place making it easier for Pennsylvanians to contribute to education projects managed by these nonprofits, the revenue shot through the roof. These are dollars that were not taken from the Pennsylvania school budgets. These were new dollars that were added into the education system in a nondiscriminatory fashion.”