Have you ever thought about supporting our community through charitable contributions? Or maybe you are giving to charity, but wonder if you are doing so in the most efficient and effective way?
Give us a call at (405) 235-5603, ask for me, Joe Carter, and let me help show you how your gift can go further!
What Gifts Do We Accept?
Whether you give stocks, bonds, cash, real estate, oil and gas or business interests, we can help you achieve your charitable goals. Learn more about what gifts we accept.
Live on a Fixed Income?
We have a number of charitable tools that allow you to transfer cash or property to the charity of your choice in exchange for a lifetime income stream. Learn more about a charitable gift annuity.
Want to Create a Charitable Legacy?
Maybe you have an appreciated asset, business or real estate to sell. The Community Foundation can help you use the proceeds to support your favorite charity! Explore our fund options.
Thinking About Your Year-end Charitable Giving?
Make sure and take advantage of tax incentives this giving season. The Coronavirus Aid, Relief, and Economic Security (CARES) Act helps counter the effects COVID-19 has had on our economy by making temporary changes to tax provisions. Whether you are itemizing or taking the standard deduction, the CARES Act could help alleviate some of your tax burden as you help those in need. Here’s how the bill could impact your taxes in 2020:
Itemizing deductions? In 2020, taxpayers can get a charitable contribution deduction for 100% (previously capped at 60%) of their adjusted gross income for cash donations to nonprofit organizations.
Taking the standard deduction? In 2020, taxpayers can write off up $300 in cash donations to nonprofit organizations.
How and where can you make a difference? Taxpayers must use cash donations to support public charities in order for these incentives to work, which excludes donor advised funds, but includes cash donations to all other funds at the Oklahoma City Community Foundation, such as charitable organization endowment funds and scholarship funds.
Talk to your financial advisor today to learn how the CARES Act could help you this giving season! If you have questions, contact Joe Carter at (405) 606-2914.
Looking for an Advanced Giving Option? Donor Advised Funds Continue to Be Great Tools!
If we ever had any doubt about the effectiveness of a donor advised fund, 2020 helped put that to rest. In the face of a terrible economic downturn, these charitable savings accounts saw a big increase in grants to nonprofits throughout this pandemic-riddled year. The Community Foundation can help those who are interested establish their own donor advised fund and capitalize on its numerous benefits.
Don’t forget, if you have questions, call me, Joe Carter, at (405) 235-5603, and I’ll be happy to help.