How Can Your Clients Make a Difference With an IRA Charitable Rollover?
Made permanent in 2015, the IRA Charitable Rollover is perhaps one of the most popular new strategies being used by those who want to make a charitable difference. This is no surprise as baby boomers - around 76 million Americans who were born between 1946 and 1964 - are beginning to reach age 70 ½ and are required to take minimum distributions from their IRA accounts. This group of Americans make up the second largest generation in our nation, and also, the wealthiest. The IRA Charitable Rollover is a simple and unique way for baby boomers to avoid taxes on their RMD while supporting their favorite charitable cause, like scholarships for students!

Each year, the cost of earning a college education climbs higher, making it more difficult for some students to afford the opportunity to better their future. Whether your clients want to direct $100, $1,000 or $100,000 from their retirement account, the IRA Charitable Rollover can be used to enrich the lives of some very deserving students. There are more than 120 scholarship opportunities already available through the Oklahoma City Community Foundation that are open to donor contributions. Donors may also choose to establish a new scholarship for a minimum of $40,000.

Encourage your clients to change the life of a rising star this year by using the IRA Charitable Rollover to support scholarships at the Oklahoma City Community Foundation.  To learn more about how the IRA Charitable Rollover can make a difference in our community, visit or contact Joe Carter at 405/606-2914.

More than 40 wills were submitted to the probate court, with a multitude of potential heirs each claiming to be the true recipient of a wealthy business owner who passed away in 1976. With a $2.5 billion estate at stake, there was intense interest in the decision of the court. After extensive review of the 40 documents, the court finally determined that none of the 40 wills were valid. In order to have a valid or legal will, individuals must comply with the state law requirements for wills. While there is some variation between the states, most states will follow these guidelines.

With the end of the year fast approaching, many of your clients may be focusing on year-end tax planning. For those wishing to accomplish charitable goals, a variety of tax-wise giving options can benefit both the donor and a charitable organization. Charitable giving is mostly thought of in terms of cash donations. However, cash makes up a very small portion of the wealth in this country - well under 5 percent. Read more about tax-wise giving options to consider here, and visit to learn about the efficient giving options we can offer your clients. 

Upcoming Events
Do you want to increase your knowledge and skills in your profession and better serve your clients? Do you want insight that will benefit your clients immediately? This free luncheon through the Oklahoma City Community Foundation and the Cannon Financial Institute helps you make it happen!

Join us for the next Cannon Estate Planning Lunch & Learn on November 7, 2017.

Nov. 7
Protecting Beneficiaries from Themselves and Others
Registration Closed.

Dec. 5
Trying Too Hard to Do Too Much: Ethics Traps for the Good Samaritan
Registration will open Nov. 8.

Jan. 23
Designing Estate Plans to Withstand Challenges

Registration for each event will open online following the prior month's teleconference.

The 2018 Cannon Estate Planning Lunch & Learn series dates are now available here!

( Note: In May, we began construction on a building addition that, once complete, will allow us to offer more public meeting space. Unfortunately, the construction will temporarily bite into some of our parking space. If you arrive to the Cannon Estate Planning Lunch & Learn and cannot find parking, the closest available garage is 123 Garage and is located directly to our west at 123 NW 10th St. The cost to use the parking garage is $5. Thank you for understanding.)     

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Joe Carter
Director, Development