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Unrestricted Endowment
An unrestricted endowment provides Tulsa Fiduciary Fund with the resources and flexibility needed to address the ever-changing needs facing our community. Donors interested in setting up an unrestricted endowment know that their gifts will be thoughtfully and strategically used to respond to community needs, now and in the future.
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.