Page 135 - Sample Financial Plan 4-1-2019 v2

The Oklahoma City Community Foundation offers a variety of fund options to Family Affiliated Fund

help you be more efficient and impactful with your charitable giving. Once you
establish a charitable fund, you receive an immediate tax benefit for the amount

of your contribution. You then have the flexibility to make grants over time to your Helping Families Focus on Philanthropy
favorite charities and we handle all of the administrative details.
After moving back to Oklahoma City, Paul and Leigh Ann Albers were looking to use assets from the recent sale of their company
to give back to their community. They didn’t want the responsibility of managing a private foundation, so they decided to
Family Affiliated Fund establish a Family Affiliated Fund at the Oklahoma City Community Foundation.

If you are considering creating a private foundation, a family affiliated fund at the Oklahoma City Community Foundation
is a tax-wise alternative. Family Affiliated Funds are public charities that are similar in structure and function to a private “The administrative support and counsel of the Oklahoma City Community Foundation allows us to focus on philanthropy
foundation, but with less restrictions and favorable tax treatment. Each affiliated fund is governed by its own set of instead of getting caught up in accounting, researching and tax reporting,” Leigh Ann said.
trustees, allowing your family to maintain personal involvement and support the causes you care about for generations.
-Minimum initial gift of $1 million. The couple says that before establishing the fund, their history of giving was somewhat random and unfocused. With the
-Permanent endowment fund with an annual percentage available for grants to qualified charities as determined by expertise provided by the Community Foundation, they are now able to focus on helping at-risk children through gifts from their
the trustees of the fund. fund to organizations such as Hearts for Hearing that provides cochlear implants and hearing services to Oklahoma children.
-Earns investment returns.
“The Community Foundation’s knowledge of local charitable organizations is an invaluable service,” said Leigh Ann.

Legacy Fund

A Legacy Fund offers the ability to ensure your charitable wishes will be carried out forever. The endowment is
permanent, with a portion available each year to distribute to the charities of your choosing. The balance of the
fund is invested to provide for growth. Low, competitive fees and favorable tax treatment make a Legacy Fund a great
alternative to a private foundation.
-Minimum initial gift of $20,000. Leigh Ann & Paul Albers
-Permanent endowment fund allowing you to grant 5 percent annually to qualified charities. (back center and right)
-Earns investment returns.

Gift Fund

A Gift Fund is a perfect solution for individuals who want to establish a charitable fund to benefit from investment
performance, while retaining the ability to distribute the entire fund balance to charity. With low, competitive fees,
Gift Funds are often a less expensive and more effective alternative to commercial gift funds.
-Minimum initial gift of $20,000.
-Can be completely granted out to qualified charities at any time.
-Earns investment returns.

Express Fund

An Express Fund is an ideal vehicle for year-end stock or cash gifts from individuals who want to decide which
charities to support at a later date. By establishing an Express Fund, you receive an immediate tax deduction for your
contribution, and we handle the administration of distributing the funds to charities at your request.
-Minimum initial gift of $1,000.
-Can be completely granted out to qualified charities at any time.
-Does not receive investment returns.

* Find a schedule of fund fees at occf.org/fees.

Learn more at occf.org/fundoptions.