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Monsignor lafferty tuition Foundation
- CREDITS AVAILABLE!
  WE ACCEPT: GRAIN | IRA ROLLOVERS | STOCK | CASH
  
  The Monsignor Lafferty Tuition Foundation (MLTF) awards tuition grants to students attending Catholic schools in the Diocese of Sioux City. You can make an investment in education by donating to the MLTF and also receive an Iowa income tax credit certificate of 65% of your donation. We receive gifts ranging from $25 to $30,000!
  
  Cash poor but asset rich? Consider gifts of grain, stock or IRA rollovers or gifts through your donor advised funds!
  
  HOW IT WORKS
  
  Examples (assuming a 22% tax bracket):
  $1,000 Donation
  $77 may be saved on federal taxes
  $650 (65%) State Tax Credit
  $727 = Net Tax Savings
  $273 = Donor Cost per $1,000 contribution
- QUESTIONS? Click Here
  
  If you do not want to give online, please click on the "2020 MLTF Form" button below and fill out the form and drop it off at the Parish Center.
- Guidelines FOR A MLTF DONATION
  
  All gifts to MLTF are subject to compliance with the Diocesan Gift Policy.
  
  The designation of any gift shall be limited to the definition of an eligible student by the Code of Iowa and the criteria established by the Board of Directors of the Monsignor Lafferty Tuition Foundation.
  
  90% of each designated gift is allocated to the selected Diocesan Catholic School and 10% allocated to the unrestricted fund.
  
  If a school has met their designated goal, donations may be redirected to a school that has not met their designated goal.
  
  Donations designated “Where Needed Most” may also be redirected to a school that has not yet met their designation goal.
  
  When multiple locations are designated by the donor, the gift will be allocated proportionally among the locations who have not yet met their designated goal.
  
  If designated funds are not used for the designated school because of the lack of eligible students, those funds will be allocated to the unrestricted fund to be awarded throughout the Diocese of Sioux City where need is greatest.
  
  The Department of Revenue advises that funds received from a donor advised fund (DAF) do not qualify for the STO tax credit and therefore are not able to be accepted as a gift to MLTF in the Diocese of Sioux City.
- GIVE TODAY
- GRAIN TRANSFER FORM
- STOCK TRANSFER FORM
- 2020 MLTF FORM (pdf)

Storm Lake St. Mary's

Storm Lake, IA

Monsignor lafferty tuition Foundation

Guidelines FOR A MLTF DONATION