Free Financial Articles, Tips and Tools
Visit for money management tips and more.
Long Live Your MoneyFacebookTwitterGoogle PlusLinkedInYouTube


For those seeking philanthropic flexibility and impact, the vehicle of choice has always been the private foundation. And when you have a team of experts to support the day-to-day operations of your foundation, your philanthropy becomes more effective, efficient and rewarding.

So whether you plan to create a new private foundation, or have already established one, Bank of Oklahoma and our partner, Foundation Source, can help.

Benefits of a Private Foundation

  • Family legacy: A private foundation establishes a tradition of giving that can carry on your family name; fund causes that are important to you; and support your favorite charitable activities into the future.
  • Control: Private foundations provide the greatest control of any charitable giving vehicle. You decide which charities to support, who sits on the board, and along with your Bank of Oklahoma investment team, how your donated funds are invested. You also have great latitude as to the types of assets you can put in the foundation.
  • Family involvement: A private foundation enables you to involve your spouse, children and other relatives in your philan­thropy and pass values on to future generations.
  • Current tax deduction for future grants: You may take an immediate tax deduction for contributed assets, even if the foundation does not make charitable grants until a later date.

Bank of Oklahoma and Foundation Source

Bank of Oklahoma and Foundation Source work together to provide a coordinated, seamless and cost-effective service. You maintain control and authority over your foundation, making all decisions about giving, strategy, etc. Your Bank of Oklahoma investment team manages the assets. And Foundation Source provides administrative, compliance and philanthropic advisory services. It’s a winning combination for your family and the causes you care about.

Foundation Source: Outsourced Support for Private Foundations

Foundation Source is the nation’s largest provider of comprehensive support services for private foundations, bringing unparalleled knowledge and expertise to clients across the country. The company’s administrative services, online foundation management tools and philanthropic advisory services provide a total outsourced solution for private foundations. The result: better-run, more effective foundations and more enjoyable philanthropy.

To learn more about Foundation Source, visit*.



*By clicking on this link, you will leave Bank of Oklahoma is not responsible for the content of or products and services provided by this site nor does it guarantee the accuracy of information contained in this site. This link will direct you to an Internet site which contains information that may be useful to you. This site is not controlled or endorsed by Bank of Oklahoma and may offer a different privacy policy and level of security.

© 2016 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.