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Fund Options
Advised Funds: Legacy Fund, Gift Fund, Express Fund | Charitable Organization Endowment | Scholarship & Award Fund
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 Lawton 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
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
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.
For more information, please contact Joe Carter or Jennifer Stewart at 405/235-5603.
Charitable Organization Endowment Funds
The Lawton Community Foundation administers an endowment program to provide a reliable source of income for Lawton area charitable organizations and a central place for donors to make contributions. The program includes more than 20 organizations who receive an annual distribution from their endowment. For a list of organizations participating in the program, please see Lawton Charitable Organizations.
Charitable Organization Endowment Policy Statement
Charitable Organization Endowment Agreement Form
For more information on the Charitable Organization Endowment Program, please contact Jennifer Stewart at 405/606-2912.
Scholarship & Award Endowment Funds
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.
Guidelines for Scholarship & Award Endowments Administered by the Lawton Community Foundation
Scholarship & Award Endowment Agreement Form
For more information on Scholarship & Award Endowments, please contact Jennifer Stewart at 405/606-2912.
