Company gains tax credits by donating to schools
YARDLEY McCaffery's Food Markets is to make $100,000 donations to two schools in central Bucks County, the company announced last week, one to the Abrams Hebrew Academy in Yardley, the other to St. Andrew's Catholic School in Newtown.
The donations will be made under the state's Educational Improvement Tax Credit program, the company said, which provides Pennsylvania businesses with tax credits for donating to educational or scholarship organizations.
McCaffery's was founded in 1986 and has four supermarkets - one in Yardley, another in Newtown, and two in New Jersey. It is planning to open a fifth in Doylestown, the company said.
Rabbi Ira Budow, of the Abrams Hebrew Academy, praised the company's owner, Jim McCaffery, for the donation, calling him "truly a righteous person" who "sets an example for all of us."