TPF’s Annual Giving Society

Turkish Philanthropy Funds’ ability to inspire others to create change is due in large part to the generous support of our Annual Giving Society members, who believe in our mission. Working to create a world that will be just, loving and sustainable generations to come can be accomplished.

TPF helps make that possible and we would like to invite you to join us and help make TPF possible.

Each year, hundreds of gifts come together and go to work immediately to deliver extraordinary opportunities for many in Turkey. It’s these contributions that make it possible to empower a little boy in Turkey to grow up and change his community; that help provide a Turkish woman with an opportunity to build a life that changes her family’s fortunes for generations; that make certain girls and young women, in rural part of Turkey, close their eyes and see that no dream is beyond their grasp.

There is no easier way to give to so many areas, to touch the lives of so many people and in so many different ways.

ANNUAL GIVING LEVELS

  • TPF Rose: $25,000 – $49,000
  • TPF Tulip: $10,000 – $24,999
  • TPF Lily: $5,000 – $9,999
  • TPF Jasmine: $1,000 – $4,999
  • TPF Hydrangea: <$1,000

Support TPF’s Efforts in 2018

 

Five Stories to Inspire You for 2018

We work with people every day who are doing amazing things and changing the world for the better and they don’t always make the headlines.

So at the end of the year, we’d like to share a few snippets from some our favorite stories of amazing people transforming their communities, driving impact, and restoring hope where it is needed most. We hope they remind you that we are all empowered to create positive change in our communities near and far.

  1. Gifting Education to Children in Siirt

At TPF we believe that education can create a path to equality. One donor who was guided with this ran against the wind for 7 hours and 47 minutes in -58F° weather in the North Pole Marathon to give the opportunity of education to kids in Siirt.

Ahmet H Uysal started with a goal to raise 86,000TL to provide workshops to 750 children in Siirt through TPF’s partner TEGV and ended up raising 188,000TL, significantly more than his initial goal and doubled the amount of children he will impact to 1,500.

Ahmet wrote letters and messages and even produced a short video about his fundraiser along with his daughters, Ada and Anka. In six weeks, his fundraiser had mobilized 144 people. What an unbelievable journey!

Ahmet’s commitment and drive are an inspiration to all of us at TPF: “Giving the gift of education is about empowering children in solving problems, and it felt fantastic to be in the forefront to enable this for my friends and family and have an impact together.”

  1. Our Growing Community of Philanthropists

TPF is all about community. The story of how we were established is very inspiring as it shows how our community comes together to make a difference in their homeland. Behind all of these stories lie the name: The Tashman Family.

We are proud that it is not only Nihal and Haldun Tashman who laid the groundwork for TPF to offer a platform for doing impactful philanthropy but also their daughter, Aylin Tashman Kim is one of the early supporters to make TPF a sustainable organization.

  1. Creating a Legacy for a Loved One

Karaosmanoglu family after they lost Attila Karaosmanoglu turned their sorrow into a way of making his legacy live forever by establishing a memorial fund named after him at TPF. Both Sukriye and Attila were exceptional people. Şükriye worked her way from a small village in Turkey to an ivy-league school with a merit-based scholarship and was the first woman from Muğla to study at Columbia University. Atilla, a former Deputy Prime Minister of Turkey, became one of the highest ranking officers in World Bank. Later on Sukriye and their son, Ozgur Karaosmanoglu transformed this memorial fund into a Donor Advised Fund and started providing scholarships to his alma mater, Karşıyaka High School and the Faculty of Political Science at Ankara University annually. These scholarships are given to female students. What a wonderful way to continue a loved one’s legacy by providing access to girls in great need.

  1. Empowering Young Women of Turkey through Economics

We see time and time again that grit and perseverance lead path to success – and this proved true again with Ipek, a scholarship recipient of the Sena Eken Schieber Economics Award currently studying at Duke University. The Sena Eken Schieber Economics Award grants scholarships to women from Turkey, who are admitted to graduate programs for a Masters or PhD degree in Economics. The award is named after an incredibly inspiring Turkish women, Sena who believed that finances should not stand between a talented woman and her education. She had a long and distinguished career as an economist at the International Monetary Fund and served as an Advisor to the Governor of the Central Bank of Turkey. She has been described as a role model for others, a pioneer for women, and a credit to her country. We couldn’t be more proud leading the way to inspire many young women with Sena’s story.

  1. Elevating Journalism in Turkey

A big proud moment for TPF team this year was launching a journalism fellowship program along with Harvard University’s Neiman Foundation, a program that provides unprecedented opportunities for Journalists from Turkey like never before.

The fellowship honors the memory of journalist, filmmaker and news executive Robert L. Long. Over many years, Long worked with journalists covering international news and was concerned with the issues facing journalism in a rapidly changing world. He committed his life to challenging and inspiring his colleagues to expand their intellectual curiosity and maintain the high standards and integrity of their profession.

Joan Rebecca Siregar-Long, Long’s widow, who established the program to support Turkish Nieman Fellows noted that “It was his love of the people, the culture, the food and ‘meze’ style dinners that attracted him to Turkey” and it was journalism that brought him back. To honor Robert’s life-long ambition of empowering journalists, the fellowship will support fellows who are citizens of Turkey in two semesters of study at Harvard University

 

We believe that what unites us is greater than what divides us. You can feel it in stories like these.

2018 is going to be another amazing year for TPF changemakers. We have many things to look forward to: Continuing to support TPF Stars in college; Assisting donors with their personal philanthropy, our 2nd Entrepreneurship & Innovation Summit, and much, much more.

But for now, let’s take time to reflect on the year behind us, connect with our loved ones, and recharge our batteries. Because next year, we have a lot of good to do.

Warmest Regards,

Team TPF

 

2017 is the Year to Give: Plan Your year-end giving and grantmaking

year-end-charitable-giving-graphicThis year might be the most advantageous to give to TPF — before tax breaks and other provisions change under the pending Tax Cuts and Jobs Act.

If you are not sure what cause to support, you may want to consider opening a donor advised fund, which lets you get a tax deduction in the year you make the gift and then decide on which charities to support later.

As we enter the holiday season and the end of 2017, Turkish Philanthropy Funds would also like to assist you with your year-end giving and grant making with the best possible service. Please keep these important dates in mind to ensure your year-end gifts qualify for a charitable income tax deduction in the 2017 tax year:

  • Checks sent via the U.S. Postal Service to TPF office must be postmarked on or before December 30, 2017.
  • Checks sent via carriers such as FedEx, UPS and DHL must be physically receivedat TPF office on or before December 29, 2017.
  • Gifts of appreciated stock and wire transfers should be made by December 26, 2017. Early notification of these gifts will help ensure a smooth transfer. Contact Senay Ataselim-Yilmaz at senay@tpfund.org  or call 646.530.8988 for assistance with stock gifts and wire transfers.
  • Online contributions may be made until December 31, 2017
  • Credit card gifts made by phone must be made no later than December 28, 2017 to ensure timely posting by the credit card company.
  • Real estate gifts must have title transferred on or before Thursday, December 28, 2017.

Year-end grant recommendations

Donor advised fund holders may wish to recommend grants as part of year-end giving or as holiday contributions. In order for nonprofit recipients to receive grants in 2017, recommendations should be made by Friday, December 15 as long as the non-profit is a TPF partner in Turkey or a tax-exempt organization in the United States. Donor advised grant recommendations could be made by using this form via email to goncagul@tpfund.org, or via fax to 646.880.9347. Please note that the timing of donor advised grants has no effect on your 2017 charitable income tax deductions since, for tax purposes, your charitable contribution was deemed completed at the time it was contributed to your donor advised fund.

Qualified Charitable Distributions from IRA

Congress has made the IRA charitable rollover permanent. You can roll over up to $100,000 from an IRA account directly to TPF without recognizing the assets transferred to TPF as income. To qualify:

  • You must be 70½ or older at the time of your gift and
  • The transfer must go directly from your IRA to TPF.

Direct gifts to TPF from your IRA can:

  1. Be an easy and convenient way to make a gift from one of your major assets.
  2. Be excluded from your gross income: a tax-free rollover.
  3. Count toward your required minimum distribution.

Please note that a distribution to a donor advised fund does not qualify for this special treatment. Please call Senay Ataselim-Yilmaz at 646.530.8978 if you’d like to contribute IRA assets.

Consider Donating Appreciated Stock at the End of the Year

For those invested in the stock market, 2017 was an unprecedented year with significant returns. If your portfolio has prospered, you may want to consider making some of your year-end gifts with appreciated stock.

You can achieve a greater impact by donating long-term appreciated securities. Compared to donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift value and increase your tax deduction.

How does it work?

It’s simple and easy.

Consider what stock has grown in value since you bought it.

Appreciated stock that is contributed to TPF is exempt from capital gains taxes. If you sold the stock and used the proceeds to write a check for your gift, you would potentially be liable for capital gains tax. When you claim a charitable tax deduction for your gift, the full fair market value of the appreciated stock on the transfer date is your gift amount.

An illustration of the value you would realize if you donated your appreciated stock to TPF appears below. (Note: To bypass long-term capital gains, you need to have owned the stock you select for gifting at least 366 days)

Original cost of the stock: $100,000

Potential federal long-term capital gains rate: 23.8%

Current value of the stock:  $175,000

Sell stock and donate proceeds Donate stock to TPF
Long-Term Capital Gains Tax $17,850 $0
Charitable Contributions/Deduction $157,150 $175,000

Additional amount dedicated to the nonprofit organization is $17,850 (the value of the capital gains tax).

The value to you is a higher tax deduction and a greater charitable gift.

What should I do to take advantage of this opportunity?

  1. Contact your broker. Every brokerage firm has a slightly different requirement. Make sure you check their end-of-year deadlines to make sure your gift transfers before the end of December.
  2. Notify TPF so we are aware of the pending transfer and identify where the funds should be directed. You will be provided with a stock transfer instructions document to share with your broker.

 

Note: This information is for educational purposes only and is not intended to be legal or financial advice. Please contact your own professional advisor for individual financial and legal advice.

GRIT: What it takes to succeed

GRIT: What it takes to receive the Sena Eken Schieber Economics Award

Ipek_Duke

We see time and time again that grit and perseverance lead us path to success – and we this proved true again with Ipek, a scholarship recipient of the Sena Eken Schieber Economics Award currently studying at Duke University.

Growing up in Antalya, Ipek explained her high school was not one of the top in the country but she never let this interfere with her determination for success in the university entrance exam. Focusing on the exam and studying hard in addition to what she had already achieved in school, she ranked extremely high. (Placing 408 out of 2 million test takers). Her high test scores claimed her a spot in, what she calls, Turkey’s best: Boğaziçi University. Four years later, overcoming numerous challenges, she graduated fourth in her department.

Now with all doors open to her, Ipek faced the decision of getting a job or continuing her education. She had always wanted to study in the United States but because of the cost of tuition, she first had to find ways to make it financially possible. Neither she nor any of her family members had ever been to the U.S. before! Ipek was introduced to the Sena Eken Schieber Economics award through one of her professors at Boğaziçi University.  She had already been accepted to Duke University in the field of economics – it was as if the scholarship was made for her. Ipek’s hard work had paid off and her interviewers could see that she would live up Sena Eken Schieber’s expectations in its scholarship recipients.

After 15 months of living far from her family, her country, her culture – she feels she’s grown remarkably. She credits the distance from home, the wonderful environment at Duke as well as her new diverse group of friends, from Mexico to Italy to China and more that helped build her independence and courage.

When TPF spoke with Ipek recently, it was clear that she had already blended into the culture. She spoke confidently of her future career goals – to work in the U.S. for now –potentially at a tech company on behavioral analysis.

Ipek’s recommendation for potential scholarship recipients and those moving to the US for education: Get out of your comfort zone! Always trust in yourself.

When Ipek was still in Turkey, she was encouraged by professors in Istanbul to stay in Turkey to study her masters, but she felt the opportunities at Duke and in the US surpassed what was available in Turkey – so she trusted in herself to make the big move.

Interested in applying for the Sena Eken Schieber Award? Learn more here.

 

Sena Eken Schieber Award

Now is your chance! Grants are available for studying Graduate Level Economics in the United States.

The Sena Eken Schieber Award provides Turkish women who have completed their undergraduate education in Turkey, the financial opportunity to pursue graduate studies in economics in the United States. Find all grant details here.

Sena believed that finances should not stand between a talented woman and her education. She had a long and distinguished career as an economist at the International Monetary Fund and served as an Advisor to the Governor of the Central Bank of Turkey. She has been described as a role model for others, a pioneer for women, and a credit to her country.

We are looking for strong and motivated women to follow in her footsteps and make a difference. If you think that you, or a friend, qualify for this grant, apply now and forward this email on to a friend!
You are interested in applying and want to learn more? Consider attending our upcoming webinar on Wednesday, November 8th, 9AM EST. Register here.