Category Archives: Community

Seven Reasons Today’s Philanthropists Choose a Donor Advised Fund at the Oklahoma City Community Foundation as a Quick and Easy Solution for their Charitable Giving

Former Oklahoma County District Judge Nancy Coats Ashley established a donor advised fund at the OCCF to help her support causes important to her, like Legal Aid Services of Oklahoma. Read her story here.

Donor advised funds are the fastest growing giving vehicle in the nation. Why? Besides being one of the smartest ways to manage your charitable giving, donor advised funds, or DAFs, are easy, flexible and an alternative to a private foundation.

Here are seven other reasons a DAF might be right for you:

Easy to Establish and Use
The start-up time and cost are minimal for DAFs. Once established, donors have online access to contribute to their fund AND recommend grants from their fund – all with just the click of a button. The Oklahoma City Community Foundation even handles all the administrative aspects.

Give Cash and Noncash Assets
Donors can use a variety of assets to establish and contribute to their DAF, including cash, stock and real estate.

Invest and Grow Money Over Time
Your minimum gift of $20,000 to establish a DAF at the Community Foundation is invested, and the Community Foundation provides investment managers to help grow the fund.

Tax Benefits
You’ll receive a charitable tax deduction for the fair market value of your gift in the same year you make your donation. Plus, DAFs aren’t subject to excise taxes unlike private foundations.

You Don’t Have to Select a Charity Right Away
Sure, you’ll receive the charitable tax deduction immediately for your gift, but you aren’t forced to select a charity at the time your gift is made.

Simplify Your Record Keeping
When you do decide which charity(s) to support, your DAF will keep track of each contribution throughout the year and provide you only one tax document when it comes time to file your taxes.

It Can be a Family Affair
Engage your children and grandchildren in philanthropy by naming them as advisors of your fund, allowing your family the ability to give together while teaching them the importance of giving back.

Establishing a DAF at the Oklahoma City Community Foundation not only simplifies your giving, it amplifies it. As OCCF fund holders, you will have access to our staff’s local expertise and knowledge of legitimate charities in central Oklahoma working to make our community a better place.

Questions? Don’t hesitate to contact our DAF expert, Joe Carter, today at 405/606-2914.

Make More of an Impact with Your Charitable Giving This Year with a Planned Gift at the Oklahoma City Community Foundation

Professional advisor meeting
Joe Carter, Vice President of Development, and Kendra Robben

An accomplished Oklahoma City businesswoman, Dortha Dever not only paved her own path to success with hard work and perseverance, but she also paved a path for others by leaving a gift in her will to support her community.

Dortha Dever

Dortha graduated from Oklahoma City University with a degree in finance before beginning a successful 32-year banking career at American Fidelity Assurance Company, retiring as assistant vice president. She was also connected to the American Fidelity Philanthropic Committee Board and the Executive Women International Philanthropic Committee.

Dortha believed education was the catalyst for her long and successful banking career, and she knew she wanted to help others achieve their goals. She met with her attorney and the Oklahoma City Community Foundation to discuss how she could use her assets to make a difference both during her life and after her death.

Students at OCU
Sha Ingram and Karina Salazar-Lopez are recipients of the Dortha Dever Business Scholarship.

Because Dortha was over age 70 and didn’t necessarily need the required minimum distribution from her IRA to survive, the Community Foundation suggested she use the IRA Charitable Rollover to fund a scholarship to support female students studying business at Oklahoma City University. Dortha also chose to leave her estate to the Oklahoma City Community Foundation, providing additional support to her scholarship as well as designating four charitable organizations to receive annual grants from her fund.

Dortha passed away in 2015, but because the scholarship fund and the fund established through the gift in her will were endowed, they will fulfill Dortha’s charitable goals in perpetuity.

Planned gifts allow donors to leave larger, more impactful gifts and are often the most significant gifts a donor will ever make. Most importantly, leaving a planned gift doesn’t have to be a complicated process, especially when the experts at the Oklahoma City Community Foundation are here to help. We provide an easy and effective way for any donor to designate a gift through their will or trust to support their favorite charities or causes. As a 501(c)(3) public charity, we handle all administrative and legal requirements and offer great tax advantages.

Our free guide to planning your will and trust can help you and your family begin to think about how you want your assets to be distributed at death. We also offer sample bequest language to share with your attorney or financial planner.

If you have questions, don’t hesitate to reach out to Joe Carter, vice president of development, at 405/606-2914.