Renaissance Charitable Foundation Inc
- Assets
- $4.2b
- Revenue
- $1.5b
- Investments
- $507.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 35-2129262
Organization Overview
Renaissance Charitable Foundation Inc is located in Indianapolis, IN. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Renaissance Charitable Foundation Inc generated $1.5b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $592.8m during the year ending 12/2023. While expenses have increased by 18.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RCF IS A PUBLIC BENEFIT CORPORATION THAT OPERATES EXCLUSIVELY TO CONDUCT, SUPPORT, ENCOURAGE, AND ASSIST RELIGIOUS, CHARITABLE, EDUCATIONAL, AND OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 12 MONTHS ENDED DECEMBER 31, 2023 THE FOUNDATION MADE OVER 130,000 GRANTS TO OVER 40,000 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory W Baker President & Chairman | OfficerTrustee | 10 | $0 |
Andy Barton Treasurer & Director | OfficerTrustee | 2 | $0 |
Steven R Ko Director | Trustee | 0.2 | $0 |
Daniel H O'connell Director | Trustee | 0.2 | $0 |
Jill H Robisch Director | Trustee | 0.2 | $0 |
Douglas W Cox Secretary & Vice-President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,130 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,348,026,294 |
| Noncash contributions included in lines 1a–1f | $675,724,566 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,348,055,424 |
| Total Program Service Revenue | $0 |
| Investment income | $110,597,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,320,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,759,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $568,686,586 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,294,685 |
| Fees for services: Other | $15,667,168 |
| Advertising and promotion | $10,204 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $140,205 |
| All other expenses | $488 |
| Total functional expenses | $592,804,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,367,639 |
| Savings and temporary cash investments | $401,752,107 |
| Pledges and grants receivable | $3,251,393 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,240,814,775 |
| Investments—other securities | $507,536,464 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,669,139 |
| Total assets | $4,181,391,517 |
| Accounts payable and accrued expenses | $2,410,961 |
| Grants payable | $32,581,390 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $730,000 |
| Total liabilities | $35,722,351 |
| Net assets without donor restrictions | $4,143,000,027 |
| Net assets with donor restrictions | $2,669,139 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,181,391,517 |