Iowa

Lutheran

School Tuition Organization (STO)


Home Up Eligibility-Application Donate


The Mechanics of the Tax Credit

 

  1. A donor will make their gift to the STO. As donations are received, a thank-you acknowledgement letter will be sent.

  2. Gifts may be made in installments.

  3. For gifts given early in the year, the tax credit certificates will be mailed in early December.  For those gifts later in the year, the tax credit certificate will be mailed with the thank-you acknowledgement letter.

  4. Even though gifts may be made in installments, and more than one gift may be made in a given year, only one tax credit certificate will be issued per donor. For instance, if three gifts are made ($1,000, $2,000 and $5,000), one tax credit certificate for $8,000 will be issued.

  5. To really make a difference, take the time to contact your state legislators and tell them to continue to support the STOs. (click here to access them

  6. If you believe in the power of Lutheran education, don't let the tax credit limit your generosity. Even though the goal is to raise $490,000, we can raise even more and distribute it--we're just limited in the tax credits we can grant.

  7. If you have a Thrivent policy, be sure to apply for a matching gift. Also, the STO is a recognized 501(c)3 organization which may qualify for matching gifts from your employer.