Tampa, FL (PRWEB) October 30, 2012
GEICO today announced that it will be funding scholarships for more than 447 low-income Florida students this school year by contributing an additional $2 million to Step Up For Students, the nonprofit that administers the Florida Tax Credit Scholarship Program.
This morning, representatives from GEICO visited St. Peter Claver Catholic School in Tampa to deliver the good news. The school has 100 students participating in the scholarship program this year.
“We are proud to support Florida families through our participation in the Step Up For Students Scholarship Program, and could not be more pleased to know that our total contribution has funded over 1,800 scholarships for students statewide,” said George Rogers, GEICO regional vice president. “We are looking forward to seeing the future achievements of these students.”
This marks the third year that GEICO has supported the scholarship program. Since joining Step Up as a corporate partner in 2010, the company has contributed $7.8 million, the equivalent of 1,828 scholarships.
Step Up For Students receives its funding through corporate donations. Companies with certain types of Florida tax liabilities can choose to redirect their taxes to fund scholarships for low-income families. Step Up For Students has awarded approximately 50,000 scholarships to low-income students this school year with tuition scholarships valued up to $4,335 per student.
“GEICO has been a tremendous partner for our organization, and we are grateful for their continued support,” said Step Up For Students President Doug Tuthill. “We and our scholarship families thank GEICO for their generosity.”
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurer in the United States. GEICO handles auto insurance coverage for 11 million private passenger auto policies and insures more than 18 million vehicles (auto & cycle).
In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), travel trailers and motorhomes (RVs). Coverage for boats, collector cars, life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency. Commercial auto insurance and personal umbrella protection are also available. For more information, go to http://www.geico.com.
About Step Up For Students
Step Up For Students is the nonprofit organization responsible for administering the Florida Tax Credit Scholarship program. The scholarship program is available to students who qualify for a free or reduced-price lunch and provides tuition assistance to the private school of their parents’ choice or transportation help to an out-of-district public school. Scholarships are funded by corporations that receive a dollar-for-dollar tax credit for their contributions. For more information, visit http://www.stepupforstudents.org.