The Kirkpatrick Foundation and Oklahoma City Community Foundation announce OK·DFAS, the Oklahoma Disaster Fund for Animal Support, administered by the Oklahoma City Community Foundation. This new fund is designed to mitigate the financial impact of disaster on charitable nonprofits that provide care for animals. Donors are encouraged to make tax-deductible contributions to the Oklahoma City Community Foundation designated for DFAS. The Kirkpatrick Foundation will match all gifts dollar for dollar up to $100,000, in total. Donations can be mailed to 1000 N. Broadway, Oklahoma City, OK, 73102, or made online by clicking here. Please be sure to use fund name 0KDFAS.
Qualifying organizations must have valid 501(c)(3) status effective 2017 or earlier with a mission to provide for the care of animals in the state of Oklahoma. Nonprofits that have limited opportunity to generate earned revenue, diminished fundraising capacity, and increased need for emergency support due to the COVID-19 pandemic may apply.
Letters of inquiry will be accepted effective April 1, 2020. Please send a brief paragraph that includes the following:
Organization’s legal name and address
Date 501(c)(3) status was made effective by IRS as evidenced in IRS Letter of Determination
Grant contact information phone number, email address, and website
A short paragraph describing the need for emergency funding necessary to fill projected shortfall
Annual budget and amount requested
Board list with names and phone numbers
Please email the letter of inquiry to OKDFAS@occf.org. All questions should be directed to this email. Funding will be considered as it is available.
So you’ve just filed your taxes and are regretting not doing more to help reduce the amount you owe to the government. What steps can you take now to ensure you don’t face this problem next tax season?
If you are age 70½ and older, consider making a tax-free gift of up to $100,000 from your Individual Retirement Account (IRA) to the charity of your choice without incurring a federal income tax.
The IRA Charitable Rollover is a simple and effective solution for those who want to make a difference in their community, alleviate a tax burden and satisfy their annual required minimum distribution. Plus, it might be the most effective charitable gift for someone who may not have the cash assets available to support their favorite charitable causes. This tool is especially effective for those who do not need to take an annual distribution from your IRA and prefer not to pay taxes on that income.
Roy and Darlene Thornton used the IRA Charitable Rollover to establish the Roy Edward and Darlene Young Thornton Scholarship fund at the Oklahoma City Community Foundation to support students graduating from Mid-Del Pubic Schools. The Thorntons were active in their community and looking for a way to give back. By working with Roy’s attorney, the Oklahoma City Community Foundation helped Roy make tax-free gifts from his retirement assets to support his scholarship fund.
“At my age, I’m required to take an annual distribution from my IRA,” said Roy. “Instead of paying taxes on that money, I was able to make a gift to benefit kids that really need it.”
Learn more how the Oklahoma City Community Foundation can help you make a greater impact in your community by using your IRA fund to give back for less at occf.org/ira.