Thank you for your interest in donating to the Tulsa Community College Foundation using a Donor Advised Fund (DAF). We appreciate your consideration!
Donors recommending grants from DAFs are limited by IRS guidelines for benefits they may receive in exchange for the gift. To ensure your recommended DAF grant follows IRS guidelines, the TCC Foundation will not provide any donor benefits that have fair market value, including event tables and tickets, in exchange for gifts from DAFs.
Additionally, bifurcation of gifts between the deductible and non-deductible portion of the gift is not allowed. Therefore, the donor may not recommend a grant from a donor-advised fund for the deductible portion and then pay the non-deductible portion from a personal source. (IRS Notice 2017-73).
Even with these limitations, donors may still support TCC Foundation events through their Donor Advised Funds. Donors may:
- Sponsor an event, and not attend. In this way, the donor is declining all benefits with a fair market value, such as tickets or tables. In this case, donor benefits such as recognition listings in the event program or on our website, may still be provided as they do not have a fair market value.
- Alternatively, a donor may sponsor and attend an event by paying the full, publicly available ticket price to attend an event from personal or corporate funds, while also recommending a separate grant from the Donor Advised Fund.
- For example, a donor wishes to be a Dream Maker level sponsor of TCC Foundation’s annual Vision Dinner. This $15,000 sponsorship includes a benefit of seating for 16 guests. The publicly available ticket price is $1,000 for 2 seats (or $8,000 for 16 guests). The donor may pay the $8,000 from a personal or corporate account and recommend a grant from the Donor Advised Fund of the $7,000 necessary to complete the sponsorship.
Please consult your tax advisor regarding the deductibility of your gift.
Thank you again for considering a donation to TCC Foundation. Please contact us if you have additional questions.