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Isaac Newton Christian Academy is a member of the Heart of Iowa School Tuition Organization (STO), which provides scholarship money for qualifying families. The STO is a 501c3 not for profit organization made up of a group of Iowa Christian Schools, which raises money utilizing an exciting tax credit program made available by the State of Iowa. Under current law, donors contribute to the STO, designate Isaac Newton as the beneficiary of their gift and receive a 65% state tax credit certificate from the STO. Donors also may claim the full value of their gift as a deduction on their federal tax return. Depending on your tax bracket and how you itemize, you could receive most of your donation back in the form of Iowa tax credits and federal tax deductions! The State earmarked 7.5 million dollars in tax credits for all participating STO’s for use during the 2009-2010 school year. This school year, we awarded over $76,000 to qualifying Isaac Newton students!
New STO information for the 2010-2011 school year: the Iowa State Legislature is considering some changes to the tax credit program affecting STO's. Once their decision is finalized (by the time the General Assembly adjourns in late April), we will raise the funds for the 2010-2011 school year.
If you would like to know more or be contacted when we raise the funds for the 2010-2011 school year, you may contact Kathryne Oates, Director of Development and Community Relations at Isaac Newton.
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