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The Oklahoma City Community Foundation participates in the American Funds Community Foundation Program that allows financial advisors to receive compensation for managing client assets given to the Oklahoma City Community Foundation for qualified charitable agreements. This program provides your clients with maximum tax benefits on their charitable giving while providing you an opportunity for continuing asset management. Benefits to Financial Advisors:
The Oklahoma City Community Foundation is able to accept a wide variety of assets to establish a charitable fund including cash, securities, real estate, and more.
You receive a service fee from the American Funds Distributors when the Oklahoma City Community Foundation uses the asset proceeds to establish an American Funds account with an opening minimum of $10,000.
You are named investment manager of record for the American Fund account created.
Commissions and service fees are provided at the expense of the American Funds, not the Oklahoma City Community Foundation or the donor.
You will be offering a charitable giving plan that maximizes tax-saving benefits for your clients thus creating a valuable additional component to the financial planning services your provide. Benefits to Your Clients:
Founded in 1969, the Oklahoma City Community Foundation is a local organization with in-depth knowledge of the community’s charitable needs and opportunities. We are able to accept a wide variety of non-cash assets such as property, real estate, securities and oil and gas rights. American Funds Gift Fund Policy Statement (PDF Format read by Adobe Acrobat - version 4.0 or higher) American Funds Gift Fund Agreement American Funds Legacy Fund Policy Statement PDF Format read by Adobe Acrobat - version 4.0 or higher) American Funds Legacy Fund Agreement If you are interested in learning how the American Funds partnership with the Oklahoma City Community Foundation can benefit you and your clients, please contact Joe Carter at 405.606.2914.
In accepting a contribution from any fund, the Oklahoma City Community Foundation trustees commit to the donor that the contribution will be protected for the charitable purpose originally intended. The variance power, as described in the governing documents of the Oklahoma City Community Foundation, assures donors that if the charitable purpose of their contributions becomes impractical or impossible, the distributions will be directed to similar purposes in the community.
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American Funds Partnership