Donate and Take Credit(s)
You will receive generous tax benefits for your contribution.
METHODS OF GIVING
Donors may contribute to OSF either by check made out, and mailed to, the Opportunity Scholarship Fund; or by transfer of appreciated stocks and other marketable securities to an OSF brokerage account for conversion to cash.
If donating by check, download the appropriate adjacent form, and mail the completed form to OSF. If donating appreciated stocks or other marketable securities, have your broker download and follow the adjacent transfer instructions.
The OSF is not planning to offer an online donation capacity in 2018.
Those contributing by check will potentially enjoy three significant tax benefits. They are: state tax credits, federal charitable contribution deduction, and state charitable contribution deduction. For those transferring appreciated stock and other marketable securities, there is a fourth benefit. Your gift will also be exempt from capital gains tax!
TAX BENEFIT DISCUSSION
Any individual, family or business entity paying taxes in Oklahoma is eligible to contribute to the Fund and receive tax credits. All donors making a single year donation are eligible for Oklahoma tax credits of 50% of the allowable donation amount. The amount of tax credits may not exceed $1,000 for individual filers, $2,000 for those filing jointly, and $100,000 for eligible business entities.
TAX BENEFIT CALCULATOR (BELOW)
Donors who pledge in writing (see adjacent form) to give the same amount for TWO years, will receive a 75% tax credit for BOTH years. The annual tax credit limitations apply.
This tax calculator assumes current federal brackets and a return that itemizes their income tax returns. The calculator ignores the small positive effect of the state charitable contribution deduction.
All donors (individuals, families and businesses) should always consult their tax adviser for their specific situation.