2015 Scholarship Match adds $771,576 to endowment funds

2015smatchlogoThe 2015 Scholarship Match ended Dec. 31 with more than 500 individual donors making contributions of $480,826 to 82 scholarship endowment funds. With the Oklahoma City Community Foundation match of $290,750, the scholarship endowments increased by $771,576, providing an additional $38,000 in awards in 2016. Learn more about the match here.

Now It’s Easier Than Ever to Make a Gift of a Lifetime

Questions about the IRA Charitable Rollover? Contact us at info@occf.org or call 405/235-5603.

Thanks to new legislation just signed into law at the end of 2015, the Oklahoma City Community Foundation can help turn your individual retirement accounts (IRAs) into tax-saving charitable gifts. Individuals age 70½ and older can transfer up to $100,000 per year from an IRA to a 501(c)(3) public charitable organization without incurring federal income tax. The gift can also help reduce taxable income. And, spouses can each transfer up to $100,000 from their respective IRA accounts.

As a public charity, the Oklahoma City Community Foundation can accommodate an IRA charitable distribution for the following type of funds:

  • Donor Designated Fund allows a donor to designate one or more charitable beneficiary organizations at the time the IRA gift is made.
  • A gift to a Charitable Organization Endowment will help ensure an annual stream of income for a favorite charity.
    A gift to a Scholarship Fund will support annual awards to students from a scholarship endowment designated at the time of the IRA gift.
  • Through a gift to a Field of Interest Fund, the donor can designate support to a charitable interest area at the time the IRA gift is made.
  • The Fund for Oklahoma City is an unrestricted endowment fund that allows the Trustees of our organization to address a broad range of current and future needs and opportunities through grants to charitable organizations in our community.