Catholic Tuition Organization

Contribute

With your help, we can make Catholic education available to many Iowa families and offer them the ability to choose the educational setting that best meets the needs of their children.

Catholic schools offer excellent academics within the context of Catholic practice while teaching values, individual responsibility and discipline. Most of all, Catholic schools afford the best opportunity for education of the whole child: mind, body and soul. We believe every student should have the choice of a Catholic education, and with your support, we will help make Catholic education more affordable for every child.


As an Iowa taxpayer, you can contribute to the Catholic Tuition Organization (CTO) and receive an Iowa tax credit equal to 65 percent of your donation. The amount you contribute also qualifies as a charitable donation when you itemize on your Federal tax return.

Student from Dowling Catholic High School, West Des Moines

Student from Dowling Catholic High School, West Des Moines

Here’s how $70 or $700 can maximize your investment in our kids

Your Donation to CTO during the first year Qualifies for a 65% Iowa Tax Credit Earns you a 28% Federal Tax Deduction* So, your total Out-of-Pocket Cost**
$10,000.00 ($6,500.00) ($2,800.00) $700.00
$1,000.00 ($650.00) ($280.00) $70.00

*Calculations assume a federal tax rate of 28%. **Calculations are based on the Iowa State Tax Credit and a 28% federal tax rate during the year of the gift. Please contact your tax consultant to determine your actual tax savings.

The Catholic Tuition Organization will provide donors with a written accounting of all gifts upon receipt and will issue the tax credit certificate by mid-January of the following year.

WAYS TO CONTRIBUTE

Total tax credits available each year are limited and will be provided to donors on a first-come basis. Pledges are accepted with tax credits reserved until December 15th. After December 15th, reserved tax credits are released and available for any donor. To pledge, please Pledge Online or download 2017 Donation & Pledge Form.

The simplest and most frequently used method of providing support for the CTO is a through a cash donation. The Catholic Tuition Organization accepts gifts made by check, electronic funds transfer (EFT) or credit card authorization (Visa, MasterCard, Discover and American Express). True cash gifts (not checks), regardless of the amount, must be evidenced by a receipt from the charitable organization. To provide an outright gift, please Donate Online or download Donate Online.

Contributions can be managed on a monthly or quarterly basis by an electronic funds transfer (EFT) directly from your checking or savings account. By completing the EFT Form and Donation Form, your contribution is easily fulfilled by spreading your payments out over the year, rather than writing one large check.

An outright gift of appreciated securities, or stock, to the CTO is a quick and easy way to make a meaningful gift, avoid the capital gains tax and receive an income tax deduction for the fair market value of the stock at the time of the gift.

Gifts of securities should be initiated by the donor no later than December 1st to be confident that the transaction is completed by year-end. Please complete a Pledge On-line indicating the quantity and name of the security being donated.

To provide a gift of stock, please download the Stock Transfer Instructions form.

Gifts of grain allows farmers to give from their fields to a charity, tax free. This is a great opportunity for donors to support our work, while taking advantage of this unique giving opportunity.

When the donor transfers ownership of the grain at the elevator/coop without taking position, the grain is credited to the CTO account at the elevator, which has instructions to sell immediately. The donor does not recognize the income from the sale of the grain while also receiving Iowa tax credits from the CTO.

Basic guidelines for donating grain:

  • A donor gives bushels of grain to the CTO by completing a “Grain Ownership Transfer Form” and provides the form to their elevator.
  • A donor completes the CTO Pledge On-line and provides a copy of their Grain Ownership Transfer Form to CTO.
  • The elevator issues a check to the CTO for the sale of the grain.
  • The donor receives an Iowa tax credit equal to 65% of the value of the grain on the date of the donation.
  • Grain donations can be accepted until December 1st, if tax credits are still available.

As with all charitable contributions, donors are encouraged to contact their tax accountant for further clarification. The tax law for grain donations is very complex and there are specific criteria that must be met.

The IRA Charitable Rollover allows Americans to give a gift from their retirement accounts (IRAs) to a charity, tax free. This is a great opportunity for donors to support our work, while taking advantage of this unique giving opportunity.

Gifts must be transferred directly from a donor’s IRA to CTO to qualify as a rollover gift. These gifts (up to the $100,000 limit) are both tax-exempt, and the amount of a rollover gift can be used to meet the donor’s required minimum distribution.

The basic rules for IRA rollover:

  • Donors age 70½ or older can transfer up to $100,000 from their IRA to charity each year.
  • An IRA rollover is a tax-exempt distribution from the IRA, and the amount transferred can be used to meet the donor’s required minimum distribution.
  • This means that people age 70½ and older can transfer up to $100,000 of IRA assets to public charities without triggering federal income taxes today or estate tax in the future.
  • If married, your spouse is also eligible for the tax-free IRA transfer.
  • Charitable IRA Rollovers do not earn a charitable deduction, however, Iowa taxpayers taking advantage of the IRA charitable rollover are eligible to receive a 65 % Iowa tax credit through CTO.

To provide a gift from your IRA, please download the IRA Charitable Rollover form to give to your retirement fund manager. Complete Pledge On-line indicating from whom your contribution is coming.

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