Category Archives: Philanthropy

Community Foundation’s Second Round of Grants Awarded to Six Organizations Helping with Covid-19

Nearly $1 Million Awarded Through Emergency Response Grants Created at Community Foundation

In the second round of grants distributed from the 2020 Disaster Relief Fund, the Oklahoma City Community Foundation is awarding $81,500 to six central Oklahoma charitable organizations who are providing direct services and assistance to individuals impacted by Covid-19.

The announcement of these six grants comes two weeks after the Oklahoma City Community Foundation first awarded grants to help central Oklahoma organizations helping with the Covid-19 pandemic. The Community Foundation has awarded a total of $385,750 to seven central Oklahoma organizations since the establishment of the 2020 Disaster Relief Fund in late March.

The Community Foundation has received 76 inquiries requesting more than $1.7 million, but has remained focused on awarding grants to support health care, isolation issues for the elderly and economic support for vulnerable populations.

Additionally, the Oklahoma City Community Foundation has awarded $611,950 through emergency response donor-established advised funds, bringing the total amount awarded through the Community Foundation’s 2020 Disaster Relief Fund and the donor-established advised funds to $997,700.

The following six organizations are receiving the second round of 2020 Disaster Relief Fund grants:

HopeHouse OKC | $10,000 to provide transitional housing for families experiencing homelessness, helping mitigate the long-term effect increased unemployment rates could have on at-risk families.

Hope is Alive Ministries | $15,000 to fund partial rent payments for individuals residing in sober living houses who are at risk of eviction.

Center for Employment Opportunities | $10,000 to fund a transitional work crew of individuals formerly involved with the justice system who are facing significant barriers involving workforce reentry.

Sisu Youth Services | $16,500 to support an emergency shelter for youth experiencing homelessness.

Metropolitan Better Living Center | $20,000 to help the adult day care facility deliver food and other at-home services to clients’ homes instead of at the facility.

Community Health Centers of Oklahoma | $10,000 to provide personal protective equipment for staff and patients at the Mary Mahoney Memorial Health Center and Healing Hands Health Care Services (for the homeless), as well as provide medication for individuals experiencing homelessness.

Lower Your Taxes and Grow Your Giving Next Year When You Consider Using the IRA Charitable Rollover at the Oklahoma City Community Foundation Today!

Roy and Darlene Thornton with two scholarship recipients

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.