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Charles and Ann Dungan
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Financial advisor George Ashford has been helping his clients plan for the future for more than 50 years. An associate at the Landmark Financial Group in Edmond, George works together with the Oklahoma City Community Foundation to structure charitable giving plans for his clients that also provide a variety of tax benefits.
For clients Charles and Ann Dungan, the partnership was a natural fit. Residents of Chickasha, Oklahoma, the Dungans had received income from oil and gas assets creating unexpected tax liabilities. In 2005, George referred them to the Oklahoma City Community Foundation to make a charitable gift to help offset their income taxes.
"God really blessed us and we had a really good year," Ann said. "We wanted to find a way to give back and share our blessings with others."
A few years later, the Dungans were meeting again with Joe Carter, director of development at the Oklahoma City Community Foundation. Ann invited her sister, Zarah Virgin, to join the meeting. After learning about an opportunity to give back while reducing their taxable income and receiving annuitized payments for life, the sisters had an idea. They decided to each establish charitable gift annuities that will ultimately create the H.F. and Mary Ellen Virgin Scholarship in memory of their parents.
Thanks to the advice of George Ashford and his partnership with the Oklahoma City Community Foundation, Ann Dungan and her sister Zarah Virgin will benefit from the tax-wise charitable gifts during their lifetimes and honor their parents' memory for years to come.
The Oklahoma City Community Foundation is happy to highlight a number of other area donors who have benefited from our services while making a difference in our community. You can read about them in the digital version of our newly released
2016 Annual Report.
Do you have questions about how the Oklahoma City Community Foundation could work with you to provide your clients exceptional tax-saving charitable options? Contact
Joe Carter today at 405/606-2914.
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