Using Your IRA to Make a Year-End Charitable Gift
If by Dec. 31, 2013 you will be 70 1/2 and older, you may want to consider making a gift to a charitable fund with a gift directly from your traditional or Roth Individual Retirement Account (IRA) without incurring income taxes today or estate taxes in the future. Called the IRA Charitable Rollover, the provision allows eligible individuals to “roll over” up to $100,000 from an IRA directly to a charitable fund. The provision is scheduled to end Dec. 31, 2013. Learn more about the provision here or contact Joe Carter at 405/606-2914 or email@example.com.
How to Get Started
Don’t find your favorite organization? Encourage them to contact us at firstname.lastname@example.org or 405/235-5603.
GiveSmartOKC.org now features nearly profiles of 210 nonprofit organizations in central Oklahoma! Introduced in 2012, GiveSmartOKC offers the public a behind-the-scenes look at each of the organizations who have voluntarily shared information in four areas of nonprofit effectiveness: programs, management, governance and financials. Information provided is verified as current by Oklahoma City Community Foundation staff and the historical financial information provided is vetted by our accounting staff. Organizations are required to update the financial information and board list on an annual basis.
GiveSmartOKC is helping donors make informed decisions regarding their charitable giving while also helping us better
understand the overall health of central Oklahoma nonprofits, information that we plan to begin sharing with the public. Visit GiveSmartOKC.org and learn more about these 200 nonprofit organizations. Don’t find your favorite nonprofit? Encourage them to contact Jana Steelman or 405/606-2922.
On behalf of the Trustees and staff of the Oklahoma City Community Foundation, we are happy to share our Annual Report that highlights activities of the fiscal year ending June 30, 2013. Read the 2013 Annual Report here.
Our general pool’s investment performance for the quarter ending Sept. 30, the first quarter of our fiscal year, was 4.33%. For the 12 months ending Sept. 30, the investment performance was 11.77%. Our investment policy calls for a portfolio of equities and fixed income securities that is highly diversified. The target percentage of the general pool invested in equities is 60 percent with 35 percent in fixed income investments and 5 percent in cash. For more information on our investment policy and details on the investment performance results for the quarter, please click here.