Frequently Asked Questions

Our goals are to...

provide a convenient, efficient and effective vehicle for donors to contribute to charitable concerns of their choice.
encourage donors to create permanent funds that will benefit their communities both now and in the future.
provide grants and support services to develop and strengthen community organizations.
promote community philanthropy and involvement.

What is a community foundation?: A community foundation is a collection of individual funds and resources given by local citizens and businesses to enhance and support the quality of life in their community.

What does a community foundation do?: A community foundation professionally manages and distributes charitable gifts and bequests in a manner consisten with the donor's specific and general interests.

Why should I use Communities Foundation of Oklahoma?: Our donors and fund holders have a strong sense of community and personal commitment to making a significant contribution back to their community. They are given the ability to easily support causes important to them while investing their donation for the long-term. In addition, donors can receive excellent tax advantages while gaining the security of accountability for how their money is used.

I'm not wealthy so why should I think about giving a small amount through Communities Foundation of Oklahoma?: We offer a way for everyone, no matter their financial wealth, to give back to their community.

What are my fund options? How do I set up a fund?: To learn more about your different fund options, visit the Giving Options page. Our staff is happy to help answer questions or visit with you and/or your organziation's board to further discuss your options. Please contact our office at 405/488.1450 or 877/689.7726.

What can I give to Communities Foundation of Oklahoma?: To learn more about types of donations accepted, visit our Giving Options page.

What services do I receive as a donor and is there a fee for this?: Communities Foundation of Oklahoma provides the IRS reporting, fund accounting, investment management, and grant distributions. CFO also follows the due dilligence process for you and helps assure all grant and scholarship recipients meet proper IRS criteria. You will receive quarterly financial and investment reports and will be notified of any grant opportunities. Each type of fund has a different fee structure ranging from 1% - 5%. Download our Board Policies at the Forms and Documents page for more detailed fee ranges.

What is the matching program?: New and current endowed funds are eligible to receive matching funds. Details on the matching programs change annually and will be discussed when establishing your new endowed fund. For more detailed information, visit our Grants and Scholarships page.

How much do I need to contribute for a named fund or can I establish an anonymous fund?: There is no minimum requirement to establish or add to a named fund. You may also choose to give anonymously.

Managed by Javelin CMS