Iowa Independent School Tuition Organization (IISTO) helps provide private education opportunities to lower income families and tax credits to donors. IISTO receives cash contributions from individual Iowa taxpayers and allocates those funds as tuition assistance to eligible families that attend accredited nonpublic schools represented by the STO.
Taxpayers who contribute to IISTO receive a tax credit certificate, issued by the STO, equal to 65 percent of the donation. The contribution is also eligible for a federal tax deduction.
Families qualify by demonstrating:
Household income below the income guidelines.
Requisite admissions requirements for member schools.
Application for STO funds must include:
A complete Application.
A signed copy of the previous year's Federal Tax 1040.
IISTO schools include the Iowa Mennonite School, Bergman Academy, Maharishi School and Scattergood Friends School & Farm.