In 1969, John E. Kirkpatrick embarked on a journey to create a foundation for the community that would inspire others to give to charity. Nearly 50 years later, the Oklahoma City Community Foundation has grown to be an enduring resource for our community — a place where people can come together to make a difference, to make arts and culture flourish, to improve the well-being of our residents, to provide opportunities for those less fortunate and to create hope for the future.
For 49 years, one driving force has helped make our work possible. You. The 2018 Annual Report is dedicated to your generosity, your passion and your commitment to strengthening our community. In these pages, you’ll read stories of people just like you, who have joined together to make a greater impact in our community. In Your Community.
With changes to the U.S. tax code expected to take effect Jan. 1, 2018, you might be looking for ways to maximize your charitable giving before year-end. The Oklahoma City Community Foundation offers a number of efficient giving options to help you take advantage of current tax incentives.
The new legislation will roughly double the standard deduction for all taxpayers, increasing to $12,000 for individuals and $24,000 for couples. The higher standard deduction will likely result in fewer taxpayers itemizing deductions thus eliminating the ability to deduct contributions to charity that fall under the standard deduction threshold.
While getting a few dollars knocked off your tax bill probably isn’t the main reason you give to charity, the added financial incentive is a nice benefit. During this season of giving – and last minute tax planning – we encourage you to contact your professional advisor about how you can maximize the existing charitable tax deduction, and as a result, maximize your charitable giving.
To learn how we can help you make the most of your year-end giving before current tax incentives expire Dec. 31, contact Joe Carter at 405/606-2914.