Giving Strategies to Help Your Clients Make the Most of the New Tax Law
“An advised fund at the Oklahoma City Community Foundation allows us to fulfill and build upon the philanthropic goals we already established.”
 
David and Kelly Feroli share a passion for helping their community. When David retired from the accounting firm KPMG, he wanted to commemorate his milestone by committing to a long-term giving strategy to support his family’s favorite charities.
 
By establishing a donor advised fund at the Oklahoma City Community Foundation, the couple is helping strengthen their community through their support of several central Oklahoma charities. In addition to building their family’s legacy, the fund eases a tax burden by providing same-year tax deductions for their contributions.
 
Through the David and Kelly Feroli Family Fund, the Ferolis are helping make Oklahoma City a better place while happily enjoying their retirement years.
 
Do you have clients interested in making an impact in their community? A donor advised fund is a great giving vehicle to help your clients make the most of their charitable contributions under the new tax law. A donor advised fund allows the donor to contribute a donation substantial enough to receive tax benefits from the contributions in that year. The donor can then issue grants from their advised fund at any point in time, allowing them to continue to support their favorite charities each year without forgoing tax benefits.
 
Contact Joe Carter today at 405/606-2914 or visit OCCF.org/FundOptions to learn how we can help your donors make the most of their charitable contributions in 2018 by establishing a donor advised fund at the Oklahoma City Community Foundation. 
Strategies for IRA Distributions to Family and Charity
As IRAs have grown to be the largest pool of individually held retirement-type assets in the U.S., estates are now increasingly comprised largely of IRAs and other retirement plans. Because of this growth, more and more IRA owners are turning to advisors for help in determining how to distribute IRA assets to family and charitable organizations while minimizing tax consequences. By understanding the options that are available , advisors can be better equipped to provide clients with options and tools that will ultimately accomplish the personal goals of the client and distribute assets in a tax-efficient manner. 
Case of the Week: Exit Strategies for Real Estate Investors
Karl Hendricks was a man with the golden touch. Recently, he discovered a great ‘fixer-upper’ commercial building in a great area. Nearby buildings sold for over $2 million, but because the seller needed to sell quickly, he was asking just $1 million. Karl invested $250,000 on the building’s refurbishment, and soon after, Karl had a buyer interested in purchasing the building for $2 million. However, since Karl only held the property for four months, the sale of the building would be short-term capital gain and the applicable tax rate would be 40.8 percent instead of 23.8 percent. He cringed at paying this much gain to the government, but did not want to risk holding the property another eight months. Is there a way for Karl to sell the building and bypass the tax on the sale of the property?  
The Great Idea Challenge: Great Ideas for a Greater Community
With our 50th anniversary on the horizon, the Oklahoma City Community Foundation is excited to introduce  The Great Idea Challenge , seeking innovative ideas that will impact our community throughout the next 50 years.

We will award grants of $150,000-$200,000 to support  Great Ideas for a Greater Community : projects that will connect resources, plant seeds, leverage assets or launch ventures that are new to Oklahoma City and central Oklahoma. The application process will take place during 2018, with grants awarded and implemented beginning 2019.

If you or someone you know is interested in submitting a great idea, find more information about the application process at occf.org/greatidea . The deadline to request an invitation to submit a letter of inquiry is May 1, 2018.

We can’t wait to hear everyone’s ideas! 
Do you want to increase your professional knowledge and skills and better serve your clients? Do you want insight that will benefit your clients immediately? This free luncheon through the Oklahoma City Community Foundation and the Cannon Financial Institute helps you make it happen!

Join us for the next Cannon Estate Planning Lunch & Learn  on Mar. 27, 2018.
 
March 27
Charitable Giving: Seeking the Perfect Match Between Donor and Donee
Registration Closed

April 24
Developments in Trust and Estate Administration and Fiduciary Liability
 
May 22
Engaging the Next Generation of Estate Planning Clients
 
 
Registration for each event will open online following the prior month's teleconference.
 
(Note: In May 2017, we began construction on a building addition that, once complete, will allow us to offer more public meeting space. Unfortunately, the construction will temporarily bite into some of our parking space. If you arrive to the Cannon Estate Planning Lunch & Learn and cannot find parking, the closest available garage is 123 Garage and is located directly to our west at 123 NW 10th St. The cost to use the parking garage is $5. Thank you for understanding.)  
We're Hiring!
The Oklahoma City Community Foundation is in search of a donor services coordinator.

As a member of our development team, the donor services coordinator is responsible for administrating grant requests, maintaining donor profiles, assisting with donor reports, conducting due diligence on grantees and assisting with other development functions. For more information, please review the position overview.

To apply, please send a cover letter and resume with the job title in the subject line to info@occf.org by March 31, 2018.
Contact:
 
Joe Carter
Director, Development
405/606-2914
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