Our Faith, Our Children, Our Future School Tuition Organization OUR BRIGHT FUTURE bright [brahyt] adjective 2012 ANNUAL REPORT 1 : intelligent, clever <bright children> <a bright idea> 2 : auspicious, promising <bright prospects for the future> 3 : radiant with happiness <bright smiling faces> Our Faith, Our Children, Our Future School Tuition Organization Dear Friends in Christ, On behalf of the nearly 12,000 children enrolled in the schools served by the Our Faith, Our Children, Our Future School Tuition Organization (STO), I would like to thank you for your generous contribution to this important program during 2011. We are very pleased to have reached our goal of $3.6 million that can be distributed as tuition awards in these challenging economic times. In our five year history of distributions, we have been able to award $13.7 million to families in need. This money is a great support for families who desire an education in any of our Archdiocesan schools, but may struggle to afford it. Together we are making a significant difference by giving the gift of school choice to thousands of families across the Archdiocese. This year’s Annual Report, Growing in Faith, is a fitting successor to last year’s report, Planting the Seeds. Each gift allows the seeds of our faith to be planted into the hearts and minds of children and nurtured as they attend our schools. Your support helps to ensure that they may grow up to lead our Church and society to a bright and fruitful future. Thank you for hearing God's call and responding so generously. May God continue to bless you, Rev. Msgr. Thomas Toale, Ph.D. President Our Faith, Our Children, Our Future STO Board of Directors HELPING FAMILIES IN NEED CONTRIBUTIONS TUITION GRANTS Calendar Year $ Raised Total # of Donors School Year Total Grant $ Total # of Grants 2012 $4,220,000 961 2013-2014 TBD TBD 2011 $3,666,812 1,007 2012-2013 $3,597,832 3,199 2010 $3,742,155 1,098 2011-2012 $3,501,425 3,335 2009 $3,800,897 1,003 2010-2011 $3,575,980 3,281 2008 $2,823,774 760 2009-2010 $2,685,741 3,098 2007 $3,673,194 411 2008-2009 $2,624,681 2,829 2006 $1,419,124 193 2007-2008 $1,383,014 2,885 OUALIFICATIONS To be eligible to receive a grant from the STO program the applicant must meet the following criteria: * Submit a completed application for assistance. * Must reside in the state of Iowa. * Must attend a school represented by the Our Faith, Our Children, Our Future School Tuition Organization. * 2013 family taxable income (line 22 on IRS 1040 form) must be at or below 300% of the federal poverty rate. “Catholic schools are vital to the Church’s mission of evangelization and catechesis. They exist in order to educate the whole person; mind, body, and soul. They present the totality of the Catholic faith.” National Directory for Catechesis, 61.4b 3 HELPING THOSE WHO CONTRIBUTE Our Faith, Our Children, Our Future School Tuition Organization (STO) is a charitable organization repre- senting all of the Catholic K-12 schools in the Archdiocese of Dubuque and St. Paul’s Lutheran School in Waverly. e STO receives voluntary cash contributions from Iowa taxpayers and allocates those funds in tuition grants to Iowa school children, who in turn, use those grants to attend one of the schools represented by the STO. At least 90% of the money received by the STO must go back out in tuition grants. In ve years, the STO has provided over 18,600 grants totaling over $17.2 million. e STO oers tuition assistance to families based upon their identied nancial need and the amount of money available in the program, as determined by an outside agency. ose families whose income is at or below GIVE MORE FOR LESS 300% of the federal poverty level qualify for As an Iowa taxpayer, you can contribute to the STO and assistance through this program. receive an Iowa tax credit equal to 65% of your contribution. e amount you contribute qualies as a charitable donation Your donation to Our Faith, Our Children, on your federal tax return as well. To date, donors to the Our Future STO gives the gi of school choice STO have saved more than $9 million on their Iowa to Iowa families. With this gi, families have Income Taxes. the ability to choose the educational setting that best meets the needs of their children. Additionally, corporations that le an 1120 or 1120A Iowa tax return can also take advantage of this tax credit program. TAX SAVINGS EXAMPLE: Contribution Amount ....................................... $1000 Iowa Income Tax Savings (Credit) .................. ($650) Federal Tax Savings* ......................................... ($250) Total Cost aer Tax Savings* $100 *Assumes 25% tax bracket. is is provided as an example. All taxpayers should consult with their tax advisor for specic information. "It is essential that every possible eort be made to ensure that Catholic schools, despite nancial diculties, continue to provide a Catholic education to the poor and marginalized in society. It will never be possible to free the needy from their poverty unless they are rst freed from the impoverishment arising from the lack of adequate education” Pope John Paul II’s 1999 exhortation The Church in America 4 OUR GENEROUS DONORS Anonymous (166) Reinhard and Angelika Boeschen Rosalia M. Burke Tom and Nancy Abbas Craig and Renee Bohr eresa M. Burke Kristina Adkins and Rob Coutchie Daniel Boice Margaret M. Burlage Dr. Paul and Laurra Ahern Al Borchardt Donna Burton Wayne and Michelle Ahern Brad T. Bornholtz Neoma Burton Terrence and Marcia Allen Denise and Jim Bouska Frank and Mary Byrnes Rosanne Altenhofen Mr. and Mrs. LaVerne Bouska Richard and Sandra Cain Mary and Harry Althaus Steve and Lori Boyer Patrick Joseph Callaghan Mary Beth and John Altho Rev. omas E. Braak Tom and Kim Callahan John A. Ambrose John and Kathy Brady Mike Cambridge Rev. David J. Ambrosy Matt and Jeanne Brandes Russell B. Candee Bonita A. Ames Gene and Patty Brandt omas and Karen Cannon Janelle and Lloyd L. Anderson Mr. and Mrs. Randall Brecht Greg and Mary Carew Daniel and Marlene Apel Mark Breitbach Jonas and Sara Carlsson Joann M. Arensdorf Corrine Breitsprecker Teresa Carmichael LaVonne Armstrong Chris Breslin Dr. James and Mary Kay Carr Michael Arndorfer Cecilia Ann Brickley Margeret Georgia Carson Jack L. and Carol F. Aschenbrenner Shirley Briggs Elizabeth Carter Dr. Salvador Atienza Robert Brincks Marc and Cherie Casey John L. Bahning Anthony Broghammer Don and Alice Child John and Linea Baldwin Janice Brom Leroy and Mary Christ John C Bale Rick and Heidi Brown David D. Balk Juergen and Ellen Bruckner Jerry and Donna Balk Dave and Marian Brunkan Kevin and Diane Ballard John B. Brunkhorst Mabel Banwell Peter J. Brustkern Jr Andrew and Janet Barnes Robert and Jean Buckingham Nicholas Barsic Robert J. Budden Rev. Ardel H. Barta Steve and Abby Buesing Rev. Msgr. James O. Barta Louis Bassler Scot and Stephanie Bauder C. Phillip Baumel David Becker Gary and Michelle Becker Greg and Sue Becker Ron and Mae Becker Lawrence and Marsha Benda Thank you young people, Bill and Karen Bergan you rejuvenate the Pope, David and Jeanne Bernhardt Keith and Lugene Berning inspire the Church and John-Paul and Phyllis Besong refresh a world thirsty for Anna Marie Best hope and courage. Stephen and eresa Betz Kenneth P. Blackburn - Pope Benedict XVI Mr. and Mrs. William A. Blank World Youth Day, 2011 Jack and Dianne Blazek John and Dolores Blitsch Dave and Anne Blocker Robert J. Blocker Rev. Peter C. Bodensteiner Steve Boeckenstedt 5 Doug and Suzanne Boeckmann GROWING IN FAITH David and Bernadette Christof Charles J. Denner Grace Elgin Steve and Deon Clabby Tom and Joan DePrenger Lynne Elmegreen Alice Clark Ron and Pat Detweiler Darrel and Jerri Elsbernd Dale J. Clark Wayne Deutmeyer Marie Elsbernd Marilyn T. Clark David K. and Bonnie V. Dickson Cyril and Carol Elsinger Regina Clasen Anthony and Stephanie Digmann Mike and Cora Engelken Kristi Clesch Dave and Jane Dirks Tim and Angela English William R. Colling Brad Dirksen Terry L. Erion and Carol E. Erion omas and Sharon Collison Patricia Ditch Don and Karen Ertl Jim and Lynne Conlin Dan and Judy Dolan Jane Ertl Dan and Alice E. Conlon Joe and Anne Dols Joe and Helen Ertl e Daniel Corken Family Steve and Janet Domeyer Carl and Carol Esker Larry and Lori Corkery Margaret I. Drake Crystal Larson-Estabrook Lou and Michele Corkery Bruce and Deb Droessler Parnell Etteldorf Vince Corkery Rev. Wayne J. Droessler Lawrence E. Evans Steve and Kathy Cornelius Brenda Dudley Eugene and Paula Even Loren and Susan Corrigan Stan and Margaret Duy Mrs. Mary Ann (Ward) Fangman Robert Coutchie and Kristina Adkins Steve and Renee Duggan Verna Fangman Ruth A. Crane James and Paula Dummett Mr. and Mrs. Edwin L. Fawkes Sarah Crawford Jerry and Maggie Dunbar Jason and Julie Felderman William R. and Renae Croell Nick and Joyce Duncan Major General (Retired) Bob and Nancy Annette E. Cunningham Ken and Nancy Dunkel Felderman John P. Cunningham Michael and Cindy Dunn Kevin (Ike) Feldman Fr. Don Czapla Dick and Sue Eads Elmer and Dorothy Feldmann Tim and Barb Daugherty Je Eagan Bill and Peggy Feller Nick and Jennifer Decker Stephen P. Earney Kevin Deeny Sharon Ehlinger Patrick and Carol Deignan John Eisenbacher Jim and Isolde Deninger Daniel R. Elgin "Everything possible must be done, in cooperation with the wider community, to ensure that [Catholic schools] are accessible to people of all social and economic strata. No child should be denied his or her right to an education in faith, which in turn nurtures the soul of a nation." Pope Benedict XVI , 2008 Address to Catholic educators 6 2012 STO ANNUAL REPORT John F.