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Fund Options

Advised Funds are the simplest and most flexible option for donors to accomplish their charitable goals. An Advised Fund can be started with cash or other assets such as the residual assets of a trust, beneficiary of a life insurance policy, charitable gift annuity or retirement plan account. The Oklahoma City Community Foundation offers three Advised Funds: Legacy Fund, Gift Fund and Express Fund.

A Legacy Fund is the best alternative for families or individuals who may be considering creating a private foundation. With a required minimum balance of $10,000, a Legacy Fund offers both our proven investment management as well administrative support including the handling of all required reporting. Additional benefits include:

It’s a permanent endowment with an annual spendable balance.
The spendable balance allows for grants to be recommended at any time in any amount to any charitable organization.
Low competitive fees.
The donor has online access to fund and grant reports and can also make grant recommendations online through DonorCentral.
Anonymous grant making is available.

Legacy Fund Policy Statement
Legacy Fund Agreement Form

A Gift Fund is ideal for the individual who wants investment performance and the ability to distribute the total gift to charity. Established with a minimum of $10,000, a Gift Fund is a less expensive and more effective alternative to commercial gift funds. Additional benefits include:

Fund balance is completely spendable.
Grants can be recommended at any time in any amount to any charitable organization.
Low competitive fees.
The donor has online access to fund and grant reports and can also make grant recommendations online through DonorCentral.
Anonymous grant making is available.
Favorable tax treatment compared to private foundations.
An expert staff provides complete administrative support.

Gift Fund Policy Statement
Gift Fund Agreement Form

An Express Fund is a perfect vehicle for individuals who want to make a year-end gift of cash, appreciated stock or another non-cash asset to benefit one or more charitable organizations. An Express Fund can be established with a minimum gift of $1,000 and offers the following benefits:

Fund balance is completely spendable.
No fees are charged to the fund and no investment earnings are allocated to the fund.
Grants can be recommended at any time in any amount to any charitable organization.
Fund reports are available.
Anonymous grant making is available.

Express Fund Policy Statement
Express Fund Agreement Form

Review the Advised Funds Chart to compare the benefits and fees of the three fund options. For more information, please contact Joe Carter, Jennifer Stewart or Kenneth Conklin at 405/235-5603.

Charitable Organization Endowment Funds
Since 1970 donors have come to the Oklahoma City Community Foundation to create endowments benefiting charitable organizations. Thanks to the generosity and foresight of thousands of donors, we today administer nearly 300 endowments making our Charitable Organization Endowment Program the largest of its type in the country. Through the program, the charitable organizations receive an annual distribution from their endowment and will receive the annual distribution for perpetuity. The endowments not only provide a reliable source of income to these organizations but also serve as a convenient way for donors to make contributions. For a list of organizations participating in the program, please see Central Oklahoma Charities.

Organizations seeking to establish an endowment at the Oklahoma City Community Foundation must submit an application for approval.

Charitable Organization Endowment Application
Charitable Organization Endowment Policy Statement
Charitable Organization Endowment Agreement Form

For more information on the Charitable Organization Endowment Program, please contact Gayle Farley at 405/606-2910.

Scholarship & Award Funds
With more than 100 funds, the Oklahoma City Community Foundation administers the state’s largest independent scholarship program. Established by individuals, corporations, alumni groups and civic organizations, scholarship and award funds are permanent endowments that provide support for those who are seeking to improve themselves through higher education or additional post-high school training. Scholarship and award funds can be established with a minimum gift of $20,000. Donors may want to establish a fund that is administered through our Trustee Scholarship Initiative with a gift of $10,000.

For a complete list of scholarship and award endowments, please see the Scholarship Directory.

Scholarship & Award Fund Policy Statement
Scholarship & Award Fund Agreement Form

For more information on establishing a Scholarship & Award Fund, please contact Rick Fernandez at 405/606-2919. For more information on the program, please contact Anna-Faye Rose at 405/606-2902.

Field of Interest Funds
For donors interested in supporting a general charitable area such as foster children, the environment, the arts, animal welfare may want to consider establishing a Field of Interest Fund. This type of endowment fund allows the donor to target grants from the fund to a type of charitable need and allows the Oklahoma City Community Foundation Trustees and staff to administer the fund accordingly. For more information on Field of Interest Funds, please contact Nancy Anthony at 405/606-2900.

Field of Interest Policy Statement
Field of Interest Agreement Form

Donor Designated Funds
This type of fund allows donors to designate one or more charitable beneficiary organizations at the time a gift is made. Earnings are distributed annually based upon the original designation. For more information on Donor Designated Funds, please contact Joe Carter at 405/606-2914.

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Fund Options