Tulsa Community Foundation
 | |
| Location | |
|---|---|
Area served | Oklahoma |
| Method | Donations and Grants |
Key people | Phil Lakin CEO |
| Endowment | US$ $4,991,900,000 (2021) |
| Website | www.tulsacf.org |
The Tulsa Community Foundation (TCF) is one of the largest community foundations in the United States.[1][2][3] Headquartered in Tulsa, Oklahoma, as of January 2011 it was reported to have approximately four billion dollars in assets,[4] and to have donated more than $580 million to local charities and government projects.[5]
Tulsa Community Foundation is a tax-exempt, public charity organized in 1998. It was founded by Tulsa oilman, banker, and philanthropist
In 2005, members of the United States Senate Committee on Finance, and others, criticized the foundation structure of TCF, and other charities, for arguably permitting givers to take tax deductions out of proportion to the actual amounts given for public charity, and for potentially allowing the donors to have effective control of the community foundation.[9] Because the Tulsa Community Foundation (unlike some private foundations) is not restricted from making gifts to government agencies, it has also drawn occasional comment and criticism for its potential influence on local government.[5]
See also
References
- Foundation Centerwebsite (accessed January 26, 2011).
- Chronicle of Philanthropywebsite (accessed January 26, 2011).
- ^ Thomas M. Anderson, "Start Your Own Charity: A donor-advised fund offers tax advantages. But a family foundation lets you call all the shots." Archived 2012-03-06 at the Wayback Machine Kiplinger's Personal Finance, September 2009.
- ^ "Tulsa Community Foundation: Oklahoma Grants - Southwest | Grants | Funders - Inside Philanthropy". Archived from the original on 2015-10-07.
- ^ a b c P.J. Lassek, "City among beneficiaries enjoying Tulsa Community Foundation's millions", Tulsa World, January 3, 2011.
- ^ Ginnie Graham, "Community foundation gains stature", Tulsa World, August 27, 2006.
- ^ Matt Cauthron, "Officials expect Tulsa Community Foundation to be largest in nation", The Journal Record, May 10, 2006.
- ^ "Transformed Fund Reaps Windfall", The Chronicle of Philanthropy, February 9, 2014.
- ^ Stephanie Strom, "A Tax Benefit for Big Donors Often Bypasses Idea of Charity", The New York Times, April 25, 2005.