Monsignor Lafferty Fund Helps BHCS Students

Monsignor Lafferty Tuition Grants Help Hundreds of Bishop Heelan Students 
Supporters of Bishop Heelan Catholic Schools who give to the Monsignor Lafferty Tuition Foundation help some 550 students in all of our schools with annual tuition. In 2017 our goal is $658,000 to help fund tuition grants to help students from lower income families pay for a Catholic education.

Students in Cross formation 2015

Givers Enjoy the Best Tax Credit in Iowa
Donors to the Lafferty Foundation and other Student Tuition Organizations in the state receive a benefit -- the best tax credit in Iowa -- an Iowa income tax credit of 65% of their donation. All taxpayers and businesses that pay Iowa taxes can receive tax credits with their donation to the Lafferty Foundation. Persons who live out of state but work in Iowa and pay Iowa taxes can donate as well.

What is the Lafferty Tuition Foundation?
The Lafferty Tuition Foundation is a charitable 501(c)(3) student tuition organization (STO) in Iowa, established in 2006 to grant tax credits. The Iowa state legislature approves the tax credits in recognition of the value of non-public education in Iowa. State lawmakers require STOs to raise funds to provide tuition grants for families with incomes at or below 300 percent of the poverty level.

  • The Lafferty Foundation is administered by the Diocese of Sioux City and all donations and student tuition grants are processed through there. Each donor receives a tax credit certificate to file with their taxes.
  • Bishop Heelan’s tax credit amount to sell in 2017 to help families with student tuition is $658,000.
  • The Lafferty Foundation of the Diocese of Sioux City has over $1.8 million in tax credits to sell in 2017. The state of Iowa has allocated over $10 million in tax credits for 2017 for 11 STOs in Iowa to help families who choose non-public schools for their children.

Donor forms are available in the left column of this page to make donations to the Lafferty Fund this year.