choose Tulsa. give Forever.

Donor Advised Funds (DAFs)

A charitable giving fund established by a donor to support a cause (or causes) that the donor cares about. Allows the donor to remain involved and active in charitable giving by retaining “advisory privileges” to recommend how the sponsoring organization should make grants from that fund.

Tax Advantages

  • Immediate income tax deduction for contributions, subject to IRS limits.

  • 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.

 

Flexibility and Convenience

  • Contributions can be made at any time, by anyone (individuals, trusts, corporations, private foundations).

  • Grant recommendations can be made at any time. Grant checks are issued within two business days - subject to the Foundation’s due diligence review.

  • Can support any qualified 501(c)(3) publicly supported organization in the United States. International grantmaking is permitted in accordance with IRS guidelines.

  • Donor can name other charitable advisors to continue/encourage philanthropic giving long term.

  • Grants may be anonymous -or- given in the fund name the donor requests.

  • No annual payout requirement.

Succession Planning

(upon Death, Incapacity, Specific Date, Specific Event)

  • Can name individual successors (primary and contingent) with specific allocation percentages.

  • Can name individual charitable organizations to receive periodic distributions. Will be expressed in terms of years and annual distribution percentage (minimum 5 years).

  • Can name the Tulsa Forever Fund (the Tulsa Fiduciary Fund’s unrestricted endowment), which supports local charities. The Board of the Tulsa Fiduciary Fund overseas the use of these funds and determines how grants will be distributed.

Minimum Contribution: $50,000
Minimum Contribution to Separate Account: $250,000
Minimum Grant: $50