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Alternatives to Private Foundations

The Oklahoma City Community Foundation offers donors many of the benefits of a private foundation with greater tax advantages and without many of the restrictions applicable to a private foundation. There are two ways we can provide these services:

Legacy Funds: These are endowments which require a minimum fund balance of $10,000, which are invested in the Oklahoma City Community Foundation's general investment pool and which generate annual earnings which can be used to support organizations and charitable purposes of interest to the donors or advisors designated by the donors. For donors who want to develop a fund over a period of years and still have the option of making an annual gift, the donor-advised fund is an excellent alternative. For donors with larger funds but without a successor advisor group to oversee distributions, the advised fund is an excellent option because the Community Foundation will continue the donor's charitable wishes after they are no longer able to actively participate.

Legacy Fund Policy Statement
Legacy Fund Agreement Form
These documents are in .DOC Format, readable by MS Word and other word processors.

Affiliated Funds: These are endowments which require a minimum balance of $500,000 and are an important alternatives for family foundations or other small-group philanthropy. The Affiliated Fund is a 509(a)(3) supporting organization of the Oklahoma City Community Foundation which has many of the advantages of donor involvement available in a private foundation but without the restrictions. Additionally, the administrative support of the Oklahoma City Community Foundation makes the Affiliated Fund a very cost-effective alternative for many donors.

Affiliated Fund Policy Statement

For More Information
The Oklahoma City Community Foundation staff is available to discuss your charitable goals and needs at any time and at no charge. For more information, please contact Nancy Anthony at 405.606.2900 or Carla Pickrell at 405.606.2901.

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