Category Archives: Donors

This is the Time of Year to Think About Your Year-End Giving. Here are Some Things to Consider to Create an Impact Within Your Community.

People at a meeting table
Joe Carter meeting with the Payne family.

2020 has been a trying year, but with the holiday season nearly upon us, giving back becomes front-of-mind for many, and in this unprecedented year, that support is needed more than ever.

A few things we have for you to remember – First visit with those organizations you wish to support to better understand the impact your gift will make if you decide to make a year-end gift. Second, meet with your financial advisor to better understand what assets would make the best gifts and what tax benefits have changed in 2020. For cash gifts in 2020 you can receive a charitable deduction up to 100% of your adjusted gross income. Appreciated stocks, bonds, mutual funds, property and even cash gifts have the potential for greater charitable deductions in 2020.

In addition, individuals age 70.5 and older with a traditional IRA have historically had the opportunity to roll their required minimum distribution directly to a charity without reporting it as income. For 2020, the age was raised to 72 with no mandatory distribution requirement. However, you can still take advantage of the rollover at age 70.5 for charitable gifts.

At the Oklahoma City Community Foundation, our expert staff and many charitable tools can help you make a charitable impact. With 365 charitable organization endowment funds, hundreds of scholarships and the ability to create a donor advised fund or legacy gift, we are prepared to help you make a difference in the community. In addition, GiveSmartOKC.org, our online date hub, donors can discover more than 300 central Oklahoma charities, their programs and how they benefit the community to make informed decisions.

By working with the donor services team at the Oklahoma City Community Foundation, you can be sure you can make decisions about the local nonprofit organizations you wish to support and what your impact will have on the community.

If you would like more information on how you can make a greater impact in your community through year-end gifts, call Joe Carter at 405-235-5603, or visit OCCF.org today.

Learn How One Oklahoma City Resident Left His Mark in our Community by Supporting Charitable Funds at the Oklahoma City Community Foundation

Descriptive transcript

For most of his 90 years, Oklahoma City’s own Pendleton (Pen) Woods lived a life of service, joining the U.S. Army Reserve Corps during World War II. He was called to active duty in 1943, serving with the 99th Infantry Division on the Western front in France, Belgium and Germany. In December 1944, he was captured and spent more than four months in a German prisoner of war camp until he escaped in April 1945.

Pen’s time spent as a prisoner of war not only strengthened his character, but also softened his heart, laying the foundation for a legacy of tireless service and generous giving to the causes he loved. He volunteered for many veterans’ organizations, including the 45th Division Association, helping found the 45th Infantry Division Museum in Oklahoma City. Pen strongly believed in the power of endowment and its importance to the longevity of charitable organizations. He and his wife, Robin, faithfully contributed to countless charitable organizations over the years, helping to establish permanent funds at the Oklahoma City Community Foundation for the Epilepsy Association of Oklahoma and the Freedoms Foundation at Valley Forge, creating an endowment to assist with the upkeep of Oklahoma’s Medal of Honor grove at Valley Forge.

Pen also spent 66 of his life in the Boy Scouts of America, including 16 years as a scoutmaster. He earned his Eagle Scout award at the first national jamboree in 1945. He authored 15 historical books and well known around Oklahoma Christian University where he worked for many years.

Robin died in 2013 and Pen a year later, but their legacy of patriotism, public service and selfless generosity will long be remembered by those who knew him.

“Everywhere you look around this town, you may not know it, but you see Pen Woods,” said Mary Ann Brown, who worked with Pen at Oklahoma Christian University. “Pen’s mantra, if he had one, was let’s make it a better place.”

“The Oklahoma City Community Foundation provided Pen a place to donate to all of his charitable interests, but also with the expectation that those contributions would last beyond his lifetime,” said Oklahoma City Community Foundation president Nancy Anthony.

If you are interested in leaving a legacy, our professional staff can help create the perfect solution for your giving needs. Learn more when you contact Joe Carter at (405) 606-2914 today.