Planned Giving Services

The Oklahoma City Community Foundation actively works with donors and their professional advisors to facilitate their planned giving goals and objectives. The Oklahoma City Community Foundation provides a simple, flexible and efficient way to make a charitable estate gift.

Before reviewing the sample documents, please read our Planned Giving Guidelines. Please also see our Gift Acceptance Policy.

The Oklahoma City Community Foundation is pleased to now offer Legacy Giving, a free comprehensive section of our Web site that is devoted entirely to information and tools for estate gifts including bequests, trusts and charitable gift annuities. Legacy Giving offers important resources for both donors and their professional advisors as they discuss estate plans and charitable giving. Visit Legacy Giving.

Bequests
Suggested Language for Wills and Bequests
Download our A Guide to Planning Your Will and Trust that helps guide you on the type of information and documentation you’ll need to discuss a will or trust with your attorney and financial planner.

Charitable Gift Annuity Forms
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

Charitable Remainder Trust Forms
One Life
Two Lives
Term of Years

Charitable Lead Trust
A charitable lead trust allows a donor to transfer assets to the Oklahoma City Community Foundation, which will then pay a percentage of the assets’ value to a charitable endowment designated by the donor. At the end of the trust term, the remaining assets are paid back to the donor (grantor trust) or to the designated heirs (non-grantor or family trust). Charitable lead trusts offer several tax advantages depending on the type of trust established. A few of those advantages include greatly discounted gift or estate taxes for family lead trusts and a charitable deduction for grantor lead trust.

Leveraging the Gift or Estate Exemption
Under tax legislation passed in December 2010, the gift and estate tax exemption limits were increased to $5 million. In 2011, donors can utilize a charitable lead trust to leverage these exemptions. For example, if the exemption for gift purposes is $5 million and a lead trust funded with $10 million produces a charitable gift deduction of $5 million, the remaining $5 million may be covered by the gift exemption. The $10 million in the lead trust will earn income for the selected term of years and pay the stated annuity or unitrust amounts to charity. At the end of that time, the $10 million plus growth may be transferred to family. Through use of the lead trust, the exemption has effectively been doubled for the benefit of family.

The charitable deduction may be calculated using the Applicable Federal Rate from the current month or one of the two prior months. Since the payout is fixed with an annuity lead trust, the lower the AFR, the less assumed earnings will accrue to the remainder recipient and the smaller the taxable gift. Since all split interest calculations use an assumed interest or earnings rate to determine the value of the income interest and the value of the remainder interest, the most favorable result for a lead trust is to use a low AFR. For living lead trusts, the optimum time for funding the trust is during a period of low interest rates but good return on equities or real estate in the trust.

For more information about planned giving options at the Oklahoma City Community Foundation, please contact Joe Carter at 405/606-2914 or Rhonda Godwin at 405/606-2916.