John and Susan Frank with students at Positive Tomorrows - an Oklahoma City elementary school for children of homeless families.

For philanthropists John and Susan Frank, supporting community organizations is not just an option for them - it's a must!  

In 1993, the Franks established two advised funds at the Oklahoma City Community Foundation to help accomplish their charitable goals. Formerly a certified public accountant, John believes advised funds are the "best vehicles to assure long-term support" for those nonprofits essential to the well-being of the community.

Through their advised funds, the Franks provide ongoing support to the charitable organizations of their choice while their fund continues to grow over time. The Franks have used their advised funds to support more than 50 different charitable organizations including Regional Food Bank of Oklahoma, Positive Tomorrows and Harding Charter Preparatory School.

"The Oklahoma City Community Foundation allows us to provide continued support to the programs and causes we care about most," says John. "Endowment is essential in ensuring sustainability for nonprofits."

Thanks to the Frank's advised funds, the youth and education programs they care about most will receive much needed financial support for years to come.

Read more about John and Susan Frank and discover more charitable options offered at the Oklahoma City Community in the digital version of our newly released 2016 Annual Report.

Do you have questions about how we can work with you to provide your clients tax-saving charitable options? Contact Joe Carter today at 405/606-2914.

The 2016 tax year is coming to a close, and a charitable giving plan is a great tool to help clients achieve their philanthropic goals while also solving tax issues. The Oklahoma City Community Foundation offers many options for your clients to accomplish their charitable goals, including the increasingly popular donor advised fund! Donor advised funds provide flexibility allowing donors to decide when they want to make contributions to the fund, as well as when to make distributions out of the fund to their charities of choice. With this option, donors can supersize their tax deduction for 2016 while creating a schedule for making annual gifts to a charitable organization that works best for them. Read more about how a donor advised fund may be the perfect option for your client here.

With just one month left in the year, you may have clients looking to make last minute charitable gifts in 2016. Don't forget, the Oklahoma City Community Foundation offers the following options to help make charitable giving easy for your clients!

Online giving - Your clients can make a gift using any major credit card to any of the endowment funds we administer through our secure online giving service here. Gifts may be made to Charitable Organization Endowment funds, donor advised funds, scholarship funds or memorial funds. Once the gift is processed, they will receive an email confirmation and tax deduction notice of the gift. It's easy, convenient and available 24-7!

IRA Charitable Rollover - Made permanent in 2015, this provision allows individuals age 70 1/2 and older to transfer up to $100,000 from a qualified retirement account directly to a charitable fund without incurring estate or income taxes. Learn how we can help facilitate an IRA Charitable Rollover for your clients before year end here.

Gifts of Appreciated Stock -Appreciated securities can be an attractive charitable gift that provides an income tax deduction and also allows your clients to avoid capital gains tax. We maintain accounts at most brokerage firms to make it easy to transfer these types of gifts. Learn more here.

Donor Advised Funds - We can help your clients establish an Advised Fund with gifts of cash or other assets to receive a charitable deduction in 2016 and then have the option of recommending grants to charitable organizations at a later date. Read more about our donor advised funds here. 

Erika Warren, grants and program manager at the Oklahoma City Community Foundation, works with donors to identify their charitable interests and assist them in achieving their charitable goals. Specifically, Erika helps donors develop specific projects of interest that can be achieved with the gifts made through their advised funds.

"If a donor wants to make a gift to a nonprofit organization using their advised fund, my job is to review that organization and then help process those gifts made," said Erika. "It is surprising to me how many generous donors we have here in Oklahoma City. I love that I have opportunity to work with them and connect their efforts to the devoted nonprofits enhancing the lives of so many Oklahomans!"

Do you have a client interested in charitable giving? Consider a donor advised fund as the 2016 tax year comes to a close! 

   

Contact:
Joe Carter
Director, Development
j.carter@occf.org
405/606-2914

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