The Opportunity Scholarship Tax Credit Program (OSTC) awards tax credits to eligible businesses contributing to qualified organizations.
PITTSBURGH, PA / ACCESS Newswire / August 21, 2025 / Today KeyBank announced it has awarded six Pittsburgh-area organizations with funding through Pennsylvania's Opportunity Scholarship Tax Credit Program (OSTC) totaling more than $400,000.
Under the program, tax credits are provided to eligible businesses contributing to an Opportunity Scholarship Organization. Business contributions are then used by the qualified organizations to provide tuition assistance in the form of scholarships to eligible students.
"KeyBank is proud to continue our support of Pennsylvania's Opportunity Scholarship Tax Credit Program, which plays a vital role in expanding educational access for students in underserved communities," said Vic Laurenza, KeyBank Western Pennsylvania Market President. "By partnering with these outstanding organizations, we're helping ensure that more students have the opportunity to thrive in learning environments that best meet their needs and aspirations."
The funding from Key ranges from $50,000 to $116,000 and have been made to the following community organizations:
Advancing Youth Initiative
Fund for Advancement of Minorities Through Education (FAME)
Blessed Trinity Academy Glenshaw
Nazareth Prep
Junior Achievement of Western Pennsylvania
North Catholic High School
ABOUT KEYCORP
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $185 billion at June 30, 2025.
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
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Contact Info:
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SOURCE: KeyBank
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/keybank-awards-6-pittsburgh-area-organizations-through-ostc-program-1063756
