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The Oklahoma City Community Foundation offers donors a simple, flexible way to make charitable contributions. With the Oklahoma City Community Foundation, donors can use a variety of assets and vehicles to make their charitable contributions. A donor can establish their own personal charitable fund (an advised fund) or contribute to their favorite charitable endowments at the Oklahoma City Community Foundation by contributing a variety of assets or using a variety of vehicles including the following: Cash
Stocks and Bonds
Retirement Plan Assets (IRAs)
Real Estate
Oil and Gas Interests & Royalty Interests
Life Insurance
Retain Income from a Charitable Gift
Include the Oklahoma City Community Foundation in Your Will
Cash is one of the easiest ways to make a charitable contribution. A cash contribution to the Oklahoma City Community Foundation can be in the form of cash, check, money order or cashiers check.
If appreciated, marketable or closely-held securities, such as stocks and bonds, offer the donor the ability to realize significant tax savings while maximizing his charitable contributions. The securities may be given so that the donor receives an income tax deduction equal to the fair market value of the donated assets while avoiding the capital gains tax on those donated assets. The Oklahoma City Community Foundation will work with donors to facilitate the donation of both marketable and closely held securities. The Oklahoma City Community Foundation has accounts at most brokerage firms and can arrange the transfer of donors' securities. Please contact Carla Pickrell at 405.606.2901 for further information.
Retirement plan assets can be one of the most favorable assets to donate to charity because the assets are subject to a two-tier tax upon the owner’s death. Retirement plan assets are subject not only to estate taxes, but also income taxes. This two-tier tax structure can subject retirement plan assets to tax rates as high as 80 percent. Given the high tax structure, donors can use their retirement plan assets to maximize their charitable contributions with a small cost to their heirs. By establishing an advised fund with retirement plan assets at the Oklahoma City Community Foundation, the donor’s heirs can make suggestions as to which charitable organizations or causes to support with the earnings from the donor-advised fund. Please contact Carla Pickrell at 405.606.2901 for more information.
Real estate may be given at appraised value to the Oklahoma City Community Foundation. If appreciated, capital gain taxes may be avoided on the real estate appreciation if the property is contributed to the Oklahoma City Community Foundation. Gifting real estate may allow the donor to preserve his liquid assets while maximizing his charitable contributions.
Both oil & gas working interests and royalty interests may be donated to the Oklahoma City Community Foundation. The contribution of oil and gas interests may allow the donor to preserve his liquid assets while maximizing his charitable contributions.
Life insurance can be an effective means for a donor to fund his charitable giving plan without significant outlays of cash. Since life insurance generally results in a large payment at one time, life insurance can be an ideal vehicle to involve and initiate family philanthropy with an Advised Fund at the Oklahoma City Community Foundation.
The Oklahoma City Community Foundation can assist with gifts in which donors retain income from the charitable gifts. With this technique, the donor may contribute the asset(s) to the Oklahoma City Community Foundation and continue to receive income from the asset(s) for his lifetime. This can be done with a charitable gift annuity or a charitable remainder trust. The following six charitable gift annuity contract options are available in PDF format in the Forms Library.
One Life, Payment is Deferred
Two Lives, Joint and Survivorship,Funded with Jointly-Owned or Community Property, Payments are Deferred
Two Lives, Successive Interests, One Donor, Payments are Deferred
One Life, Immediate Payments
Two Lives, Joint and Survivorship, Funded with Jointly-Owned or Community Property, Immediate Payments
Two Lives, Successive Interests, One Donor, Immediate Payments To discuss a specific annuity option, please contact Carla Pickrell at 405.606.2901.
Inclusion of the Oklahoma City Community Foundation in a donor’s will benefits the donor’s heirs with tax savings and allows the donor’s charitable interests to continue to be supported, a living symbol of the donor’s care and concerns for the community. Sample Will Language (Return to the top).
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How To Give