Diocese Completes Fund-raising

December 14, 2015

A three-million dollar fund-raising goal has been met by the Monsignor Lafferty Tuition Foundation.

The money will be used to support need-based tuition assistance to qualifying students within the Diocese of Sioux City in the 2016-2017 school year. The Diocese of Sioux City has seven Catholic High Schools and sixteen grade schools with over 62-hundred students, including Saint Mary’s Schools in Storm Lake.

Diocese director of communications Kristie Arlt says the funds will go to families who want a Catholic education for their children but may have a difficult time affording it. The foundation raises funds to assist families whose income is at or below 300-percent of the poverty level, providing them with need-based tuition assistance. Contributors receive an Iowa income tax credit equal to 65-percent of their donation, reducing their Iowa income tax obligation in the amount of the tax credit received. The donation may also qualify for federal income tax deductibility.