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a reminder for fiscal sponsorships

A reminder for Fiscal Sponsorship representatives:  As we approach July 1, 2016, please remember that all checks should be made payable to "Communities Foundation of Oklahoma." As of July 1, 2016, checks payable to any payee other than "Communities Foundation of Oklahoma" will be returned to the donor."

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A reminder for Fiscal Sponsorship representatives:  As we approach July 1, 2016, please remember that all checks should be made payable to "Communities Foundation of Oklahoma." As of July 1, 2016, checks payable to any payee other than "Communities Foundation of Oklahoma" will be returned to the donor."

 

Your donor can use the check's memo line to identify the name of the account (or the associated account number) into which the funds should be deposited. This brings us into compliance with IRS regulations for acknowledging charitable gifts. As explained on the IRS website, donors need both a copy of the check and an acknowledgement letter for each donation.  The check payee name needs to match the name of the 501(c)(3) public charity issuing the acknowledgement letter; for us, that is Communities Foundation of Oklahoma.

 

Again, please remember that, starting July 1, 2016, we will not deposit any check not made payable to Communities Foundation of Oklahoma.  Please continue working with your donors to ensure they comply with this change. 



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2932 NW 122nd Street Suite D, Oklahoma City, OK 73120   (405) 488-1450   (877) 689-7726   Email us

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