Start Your Own Fund
The Bartlesville Community Foundation can assist you in creating a fund of your own. We provide great flexibility in helping you create endowed funds when you want for the purposes you want.
When You Want:
You and your family can start a fund now, leave instructions for a fund in your will, or create a fund through a trust arrangement that benefits your family and the charities you wish to support. You can also use a variety of assets to start your fund: cash, securities, stocks, real estate, life insurance, tangible personal property, or private foundation assets. Tax benefits occur at the time of your gift and according to the asset donated.
For the Purposes You Want:
The Bartlesville Community Foundation exists to help you accomplish your philanthropic goals. We have a variety of funds available to meet your charitable interests.
Types of Funds
These funds are established by a charitable organization for the long-term benefit of that charitable organization through endowment to supply annual income. Funds are named for the organization. Anyone can give to the fund (donor, organization, corporation). Donations from anyone other than the establishing organization are permanently restricted.
Example: Agency Funds are great places to make a donation if you aren’t ready to start a fund of your own. SPCA, Big Brothers Big Sisters, Catholic Charities – Mary Martha Outreach.
Donors create this fund to benefit one or more specific charitable organizations who receive annual grants from this endowed fund annually. Donors may select the fund name. Anyone can give to this fund but it is generally funded by the donors who established the fund.
Example: You could create a fund where half the income each year goes to your church and half goes to your favorite local charity.
A fund created by a donor for the donors own charitable interests. Can be used like a donors personal checking or savings account. The Foundation will accept the donor’s recommendations as long as the request is charitable and legally permissible. You receive the charitable deduction for the entire gift to your fund, but you can decide where the money goes at a later date. Donors may select the fund name.
This is the perfect tool for any donor looking to use “bunching” as a method of budgeting their charitable spending.
Example: One year you might make a grant to a capital campaign for a new building at your college and the next year make grants to several arts organizations you enjoy.
Funds created by an individual/family/group of donors who wish to help local students attain a higher education.
Field of Interest Funds:
These funds create grants that meet needs in a particular field in Bartlesville that is of interest to the donor. Donors may select the fund name. Grants are awarded to local organizations through a formal grant application process.
Example: You might create a fund to support projects that provide affordable housing for low-income families. You can support different organizations each year as long as they fulfill the goals of your fund.
Fiscal Sponsor Funds:
A fund created to support the management of a specific charitable project. The Foundation manages all administrative tasks which allows the fund-owners to spend their time serving a mission.
Example: A group of donors want to raise money to build a patio at the place department and install a grill so police officers have a nice place to eat outside. The foundation acts as the back office while the group of charitably minded individuals focus on filling the need.
The foundation can also help you reach your charitable goals in other ways by providing planning and offering other tailored fund choices.
** No gifts are made to politically charged organizations. No gift/grant can be made where goods or services are received in return for said gift. The BCF board has variance power over all funds in the Foundation.