Monsignor Lafferty Tuition Foundation

Monsignor Lafferty Tuition Foundation

(Updated Feb. 2, 2017)


Thank you, our generous donors, for your help in enabling the families of St. Mary’s students to access tuition scholarships to provide a Catholic education for their children. In 2017 the Diocese of Sioux City will be able to collect approximately $3 million for its Catholic Schools. St. Mary's is allotted to collect donations to MLTF in the amount of just over $115,830, which will translate into over $103,000 available exclusively to RSM families in the 2018-19 school year.

If you are a past donor or potential donor, you should know that there are many ways to donate to MLTF (see methods of giving below) that may be even more beneficial for you.
  The guarantee of $115,850 for RSM Schools expires on 12-1-2017 - so donate early. Donations to the tax credits are on a first-come, first-serve basis, and gifts can be accepted in the 2017 year until all tax credits are used up. We are currently accepting donations that will apply towards 2017 tax return.

This is the tenth year RSM families have benefited from MLTF scholarships:

School                RSM             Donations     RSM Alott-      MLTF       Bishop's Ed. Fund

 Year            Designation    Credited RSM  ed tuition       Received  

2007-08           $22,744           $26,235             $20,469         $29,220*     

2008-09           $42,000           $48,300             $37,800         $69,500

2009-10           $61,300           $63,657             $55,170         $87,810

2010-11           $77,731           $106,000          $69,958          $98,000

2011-12           $84,535           $94,410             $76,081         $86,558

2012-13           $82,201           $82,201             $73,980         $87,731

2013-14           $92,341           $92,341            $83,107          $83,058                 $  5,000

2014-15           $84,062           $96,427            $86,784         $84,069                  $  7,500

2015-16         $117,311           $134,395          $120,955        $118,296                $11,500   

2016-17        $109,079            $114,100          $102,690       $94,545 

2017 goal      $115,830          

*Dollar figure includes $4,600 in Catherine Birzle tuition awards.

Recipients of the MLTF funds will be determined by an application to FACTS, a third party financial aid review provider. The application is similar to a FASFA.

FACTS Applications: Applications for the 2018-2019 school year will be available in the spring. FACTS applications determine a family’s allocation for MLTF, Bishop's Education Fund, the Catherine Birzle education scholarships, as well as make recommendations for local tuition assistance. Families are eligible up to 3X the poverty level for MLTF, and up to 4X poverty for the Bishop's Education Fund. The 3 and 4X's poverty charts will be available in the spring.

Tuition Costs at Remsen St. Mary's 
for the 2017-18 year:
$2,875     Transitional Kindergarten, Kindergarten, and First grade

$3,475     Second through eighth grade

$3,840     Freshman

$3,845     Sophomore

$3,985     Junior

$4,035     Senior


Methods of Giving to MLTF

Cash/check, or credit card, EFT Transfers Cash/checks may be sent to the RSM Development Office, with your completed MLTF Gift Form (see link on the left).  If you choose to give by credit card, or EFT, go online by clicking Give to MLTF Online (see link on the left). You may also donate by credit card by phone. Contact Marilyn Wellman 712-233-7518 at the diocese office.  


Gifts of Grain

Like cash and stock donations, grain donations are eligible for the 65% Iowa tax credit. Tax advantages for active farmers may be much more favorable when grain is donated to a charitable organization. Depending on the donor’s individual tax situation, they can possibly avoid income taxes and self employment tax on the value of the donated grain. The donor is not able to take a charitable itemized deduction for the grain donation on their federal tax return. Please contact your tax advisor if you are considering a grain donation to MLTF. The standard MLTF donation form is required and a MLTF Grain Ownership Transfer Form must be used (see link on the left). Donations of grain to MLTF will be accepted until December 1, 2017 or sooner if tax credits are all used up.  The MLTF policy also requires that the grain have an (approximate) minimum value of $1,000. Ethanol plants are now an approved grain terminal for MLTF grain donations, if the grain is not under contract.

Gifts of Stock & Gifts from IRA

When you donate stock to MLTF you do not need to claim the capital gains, while still benefiting from the tax credits. Donations from IRA's must come directly from the IRA to the Msgr. Lafferty Tuition Foundation in order to be tax free for the donor (see link on the left). Consult the diocese at 712-233-7594 if you have questions, and confer with your tax advisor. 

Quarterly Tax Payments

Individuals who are required to make quarterly tax payments to the State of Iowa can make their payments directly to MLTF using a MLTF gift form, with 65% of their MLTF gift available for their tax payment. 

Gifts from Corporations, etc,.

Contributions can be accepted from partnerships, limited liability companies (LLC), “S” & “C” Corporations, estates or trusts electing to have the income taxed directly to the individual to qualify for the tax credit, based on the pro rata share of the individual’s earnings from that entity. Consult your tax accountant for advice on your personal situation. Donations to MLTF receive a 65% Iowa Tax Credit, and 100% of the donation may also be claimed for a deduction on your federal tax return when you itemize.  

How do I get started?

In all cases you will need to fill out a simple gift form (see the link on the left). You may print the pdf MLTF Gift Form on this website, or you may obtain a form from the St. Mary's Development Office, or from the library in the back of St. Mary’s Church. Make sure to check the line in front of ___  St. Mary’s, as your gift destination.  

St. Mary’s goal is to have the $ for this year’s RSM designation met by mid-November, 2017.  If you would like more information on taking advantage of the tax credit program by donating to MLTF in 2017 you may contact the Development Office at 712-786-1324, or


Information contained on this website is not professional or legal advice.  Consult your tax accountant or attorney.