Types of Funds

The Catholic Foundation is an effective resource to help donors accomplish their personal philanthropic and estate planning objectives in a cost-effective fashion.  Because the overall goal of the Catholic Foundation is to build a permanent source of philanthropic support for our Catholic community in the Archdiocese of Oklahoma City for generations to come, a large number of our named funds are permanently endowed. The following describe the type of funds available.

Named Funds

These Funds are created to perpetually benefit one or more specific parish, Catholic school, Catholic organization or other charitable purpose/organization. Interest and Dividend Income of the Principal can be distributed quarterly to the organization per the directions of the donor at the time of the gift. Grants can also be made in the name of the fund so long as the designated organization remains in operation and is consistent with its original charitable purpose.

Donor Advised Funds

An attractive alternative to the creation of a private foundation, a donor-advised fund receives a 100 percent tax deduction for the original and any future gifts. In future years, Donors may suggest deserving charities to benefit from fund income or, if desired, principal. Grants are then made from time to time, in the name of the fund, to designated Catholic organizations or other Section 501 (c) (3) charities.

Annuities

An active Charitable Gift Annuity program is available, at no cost, to provide ongoing support for the donors life, with the residual asset going to a specific Catholic organization or multiple organizations. We also have significant experience with charitable remainder and lead trusts. These planned giving alternatives often create beneficial situations for both donors and your specific catholic cause.

Scholarship Funds

The Catholic Foundation is home to many different named scholarships. Scholarships can support students who are graduating from a particular school, hometown or parish; attending a particular school; or studying a specific subject. Each scholarship is unique and each is accomplishing the wishes of the original donor. Scholarship funds are established with a minimum of $5,000 but a fund that would generate an annual scholarship each year should be endowed with at least a minimum gift of $20,000.

Custodial Funds

The Archdiocese, Parishes, Catholic Schools or other Catholic organizations have established and can establish other Custodial Fund at the Catholic Foundation in which the organization can benefit from the professionally managed pooled investments offered through the Catholic Foundation. Income from interest and dividend can be distributed on a quarterly basis and principal can be distributed on an as needed basis also.

All funds are typically established with a minimum gift of $5,000 or more. Funds may be established during a donor's lifetime, or via bequest. It's simple to create a fund. Just call the Foundation Office at (405) 721-4115 for assistance.