Affiliated Funds:
An Alternative to a Private Foundation If you are considering creating a private foundation, an affiliated fund at the Oklahoma City Community Foundation is a tax-wise alternative that allows you to maintain involvement while we handle the administrative responsibilities. Affiliated funds are: - Similar in structure and function to a private foundation, but with fewer restrictions and favorable tax treatment. - Considered supporting organizations of the Oklahoma City Community Foundation that operate under separate governing documents and trustees. - Permanent endowments established with a minimum of $1 million and an annual percentage available for grants to qualified charities as determined by the trustees of the fund. Affiliated funds currently administered by the Oklahoma City Community Foundation are listed on pages 12, 13 and 32.
Community Affiliated Funds Listed with date established
Permanent endowments of $1 million or more
Hospice Foundation of Oklahoma | 1998 Established using the assets from the sale of a hospice operation, the Hospice Foundation of Oklahoma fund supports efforts to educate Oklahomans about palliative patient care. The fund also supports the Khadar K. Hussein Awards in Palliative Care for graduating medical and nursing students and the Laura Cross Award for graduating nurses. John Kirkpatrick Fund for Historic, Cultural and Civic Understanding | 2016 The fund supports charitable and educational programs and activities that promote the historic, cultural and civic understanding of the Oklahoma City community. Lawton Community Foundation | 1999 The Lawton Community Foundation is an affiliate organization of the Oklahoma City Community Foundation that serves the charitable needs of Lawton and the surrounding area. Since its inception, the Lawton Community Foundation has reinvested more than $5.4 million back into the community through scholarships, community grants and annual distributions to charitable organizations. For more information, please visit www.LawtonCF.org.
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When Carolyn Watson established the Rural Oklahoma Community Foundation as an affiliated fund in 1995, her goal was to bring cultural opportunities to rural classrooms and communities. Thanks to a grant from the fund, Oklahoma Shakespeare in the Park’s “Short Shakespeare” does just that. Their touring production of “A Midsummer Night’s Dream” brings live theatre to rural schools while making Shakespeare more accessible to students.
More at occf.org/donorlist.
Oklahoma City Retailers Foundation Fund | 1999 The endowment fund was established by the Oklahoma City Retailers Association to benefit charitable organizations and projects in the community. Carolyn Watson Rural Oklahoma Community Foundation | 1995 Founded by the late Carolyn Watson, longtime CEO and chair of Shamrock Bancshares, the endowment fund initially awarded community and classroom enhancement grants in the seven rural communities where Shamrock Bank operated. In 2010, Carolyn also established a scholarship endowment fund to provide awards to graduating high school seniors attending school in one of 62 rural Oklahoma counties. After Carolyn’s death in 2014, a substantial gift from her estate increased the endowments, and trustees expanded the number of rural communities eligible to receive grants. For more information, visit www.RuralOklahoma.org.
Oklahoma City Community Foundation | Your Connection for Good
