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Field of Interest Fund
An endowment pool that is targeted to a donor's selected focus area, but provides Tulsa Fiduciary Fund with flexibility to fund those organizations providing the most effective work in the field. The donor decides the fund’s focus and grants from the fund are always made to organizations and programs in that selected field. A geographical area may also serve as a field of interest.
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
Generally, the Board applies a 3%-7% spending policy for endowment funds, exclusive of annual operating expenses paid to Tulsa Fiduciary Fund, which is reviewed from time to time. The spendable income is determined annually based on a 12-quarter rolling market average of the Fund.
Minimum Initial Contribution: $25,000; Balance ≥ $50,000 before grants can be awarded.