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Donor Designated Funds
Provides a consistent stream of income for a specific non-profit(s). These funds are used for general operations -or- a program of your choice to ensure a healthy and sustainable future for your named charities. If a specified organization changes its mission -or- ceases to exist, distributions can be redirected to remaining charities, may be replaced with a contingent name charity -or- a collaborative fund at Tulsa Fiduciary Fund.
Tax Advantages
Immediate income tax deduction for contributions, subject to IRS limits.
Eligible to receive donations from IRAs - via Qualified Charitable Distribution rules.*
No capital gains tax on appreciated securities donated to the fund (if they have been held for more than one year).
No tax on income or capital gains on investments in the fund.
Receive one tax receipt.
Annual Spending Policy
Endowed Donor Designated Fund - assets are pooled with general endowment for long term growth. Annual spending is calculated using a spending policy (3% -7% of fund value) determined each year by the Board of Directors to help preserve intergenerational equity.
Non-Endowed Donor Designated Fund - assets are pooled with general endowment for long term growth. Annual spending is determined at time of the gift.
Grants may be anonymous -or- given in the fund name the donor requests.
Minimum Initial Contribution: $25,000; Balance ≥ $50,000 before grants can be awarded.
Minimum Grant (non-endowed): determined by donor/beneficiary agency.
* In order to take-advantage of the QCD, you may not maintain any advisory capacity over the fund once it is established (i.e. You may not add or remove selected charities, or change the distribution plan).