Category Archives: Grants

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.

Oklahoma City Community Foundation Grants Provide Warm Meals to Local Homebound Elderly Citizens this Winter

A volunteer delivers a meal to a senior citizen

One in 12 area seniors live in poverty, and nearly 16,000 lack consistent access to the food they need for an active, healthy life, according to Meals on Wheels of Oklahoma City.

This winter, Oklahoma City Community Foundation is continuing its tradition of helping to provide warm meals to homebound elderly citizens by awarding $60,200 in grant money to more than 50 area churches and organizations at the heart of Central Oklahoma’s mobile meals effort, including Meals on Wheels of Oklahoma City, Meals on Wheels of Norman and Edmond Mobile Meals.

“When we think of hunger, we generally think of people in faraway lands. But drive down any street in Oklahoma City, and you’re likely to pass the home of a senior – probably several seniors – receiving home-delivered meals,” said Chris Lambert, director of Meals on Wheels of Oklahoma City.

Volunteers with area churches and organizations provide nutritious meals, wellness checks and meaningful contact to more than 1,900 homebound Central Oklahoma seniors who are unable to prepare their own meals. Meals on Wheels of Oklahoma City took over operation of the central Oklahoma program last summer and is expanding its coordination efforts to serve more people and more neighborhoods.

“Meals on Wheels is not available in some areas of Oklahoma City,” he said. “There’s just so much need and some people don’t even know we’re here. Meanwhile, none of these churches receive state or federal funding for the meals they prepare. It’s the continued generosity of organizations like Oklahoma City Community Foundation and its donors that allows them to keep serving our most vulnerable neighbors.”

Since 2008, the Community Foundation has distributed more than $400,000 in support of the Central Oklahoma mobile meals program.

“The well-being of our senior citizens has deservedly become an increased focus for a lot of our donor-directed grants,” said Nancy B. Anthony, Oklahoma City Community Foundation president. “To round out our 50th anniversary year, we have again partnered with more than 50 churches and Meals on Wheels organizations to help ensure no senior in this community will go hungry this winter.”

Funding is provided by a variety of donors who have made charitable gifts to support services for elderly citizens through the Oklahoma City Community Foundation’s iFund program. The gifts are pooled together, and grants are awarded to programs like Meals on Wheels that help central Oklahoma seniors live independently in their own homes. Learn more about the iFund program at ifundokc.org or make an online gift to support the Services for the Elderly iFund at donate.occf.org.