Iowa

Lutheran

School Tuition Organization (STO)


Home Eligibility-Application Donate FAQ


Donating to the School Tuition Organization 

Donation Form (click)

** This application is in a .pdf format.  To obtain a .pdf reader, click here. **

 

All information on this page is as accurate as possible, but be sure to consult a tax professional for any questions regarding how to file the tax credit. Click here for additional information on how the tax credits will be disbursed.

 

The goal of the School Tuition Organization (STO) is to raise approximately $817,878 for the 2017 calendar year. According to the law, donations can be cash or stock gifts. In addition, in order to qualify for the tax credit, the donor must be an Iowa taxpayer.

 

To encourage donations, all donations are eligible for a 65% tax credit. The following illustration shows how the tax credit works:

 

Donation $1000
Tax Credit

(65% of the $1,000 donation)

$650

Net Cost of Donation

$350

 

The tax credit works as a DIRECT REDUCTION in Iowa state taxes. If the donor in the example above owed $1,000 in state taxes, the tax credit would reduce his tax liability to $350. In addition, the gift would also be able to be taken as a charitable contribution on federal tax returns. Refer any questions regarding the specifics of tax preparation to a tax professional.

 

 

 

You can make your gifts to the STO in two easy ways:

Donation Form (click)

** This application is in a .pdf format.  To obtain a .pdf reader, click here. **

  1. Give your gift with a completed Donation Form to your local school, who will forward it to the STO

  2. Mail your gift with a completed Donation Form to:

Iowa Lutheran STO

PO Box 176

Terril, IA 51364

Donation Form (click)

** This application is in a .pdf format.  To obtain a .pdf reader, click here. **