The Tulsa Community Foundation (TCF) is one of the largest

community foundation Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global pheno ...

s in the United States."Top Funders: 25 Largest Community Foundations by Asset Size"

Foundation Center Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations.Wyland, Michael. "GuideStar Introduces Program Metrics Section for Nonprofit Profile ...

website (accessed January 26, 2011)."Philanthropy 400 Data: Community Foundations"
''

Chronicle of Philanthropy ''The Chronicle of Philanthropy'' is a magazine that covers the nonprofit world of philanthropy. Based in Washington, DC, it is aimed at charity leaders, foundation executives, fund raisers, and other people involved in philanthropy. ''The Chroni ...

'' website (accessed January 26, 2011). Headquartered in

Tulsa Tulsa () is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. The population was 413,066 as of the 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, a region with ...

, Oklahoma, as of January 2011 it was reported to have approximately four billion dollars in assets, and to have donated more than $580 million to local charities and government projects.P.J. Lassek
"City among beneficiaries enjoying Tulsa Community Foundation's millions"
''

Tulsa World The ''Tulsa World'' is the daily newspaper for the city of Tulsa, Oklahoma, and primary newspaper for the northeastern and eastern portions of Oklahoma. Tulsa World Media Company is part of Lee Enterprises. The new owners announced in January 20 ...

'', January 3, 2011. Tulsa Community Foundation is a tax-exempt, public charity organized in 1998. It was founded by Tulsa oilman, banker, and philanthropist

George Kaiser George Bruce Kaiser (born October 30, 1943) is an American billionaire businessman. He is the chairman of BOK Financial Corporation in Tulsa, Oklahoma. As of September 2021, he is the 476th richest person in the world and was, in 2012, one of ...

, who felt that Tulsa's historical dependence on unorganized private giving from its wealthy families was no longer effective. Beginning with gifts from seventeen local philanthropists, by 2006 Tulsa Community Foundation had grown to become the largest community foundation in the country, surpassing the

New York Community Trust The New York Community Trust is the community foundation for New York City, with divisions in Westchester and Long Island. It is one of the oldest and largest community foundations in the United States and one of the largest funders of New York C ...

, and it remained the largest until 2013, when a $1 billion contribution lifted the

Silicon Valley Community Foundation The Silicon Valley Community Foundation (SVCF) is a donor-advised community foundation serving the Silicon Valley region. It is the largest charitable foundation in Silicon Valley. History Early history: 2006–2011 Silicon Valley Community Fo ...

into first place. Kaiser's family foundation remains the largest contributor to the community foundation, which also manages about 600

donor advised fund In the United States, a donor-advised fund (commonly called a DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a don ...

s. In 2005, members of the

United States Senate Committee on Finance The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures general ...

, 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.Stephanie Strom
"A Tax Benefit for Big Donors Often Bypasses Idea of Charity"
''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

'', April 25, 2005. 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.

References

{{Reflist

External links

Tulsa Community Foundation website
Community foundations based in the United States Economy of Tulsa, Oklahoma Non-profit organizations based in Oklahoma

See also

References

External links