By RENEE WEBB
Content and Design Coordinator
As the end of the calendar year approaches, opportunities for year-end giving can come to mind for tax savvy supporters.
John Schmitz and Lexa Hawkins in the Office of Stewardship and Development hope that a donation to the Msgr. Lafferty Tuition Foundation (MLTF) may be up for consideration. Those contributing to the MLTF program receive a 75% Iowa tax credit on the total of their donation and other federal tax benefits could apply.
According to Schmitz as of Nov. 15, they have raised approximately 30% of the $3.7 million goal. The Office of Stewardship and Development is working in conjunction with diocesan Catholic schools to raise the funds by Dec. 31. Dollars raised in this year’s campaign will go directly toward tuition grants for the 2025-26 school year.
He acknowledged that with the availability of education savings accounts (ESAs) that were implemented in the 2023-24 school year, there has been confusion regarding the need for MLTF funds.