Renaissance Charitable Foundation Inc
- Assets
- $1.8b
- Revenue
- $542.8m
- Investments
- $125.6m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2001
- Data as of
- 12/2020
- 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 12/2020, Renaissance Charitable Foundation Inc generated $542.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $404.6m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RENAISSANCE CHARITABLE FOUNDATION, INC. 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, 2021 THE FOUNDATION MADE OVER 59,000 IN GRANTS TO OVER 14,000 QUALIFYING CHARITABLE RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory W Baker President/director | OfficerTrustee | 10 | $0 |
Andy Barton Treasurer/director | OfficerTrustee | 2 | $0 |
Douglas W Cox Vp/secretary | Officer | 10 | $0 |
Daniel H O'connell Director | Trustee | 0.2 | $0 |
John Kinman Director | Trustee | 0.2 | $0 |
Steven R Ko Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,712,458 |
| Investment income | $37,692,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,403,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,838,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,225 |
| Benefits paid to or for members | $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 | $5,756,510 |
| Fees for services: Other | $7,620,677 |
| Advertising and promotion | $20,150 |
| 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 | $7,785 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $133,377 |
| All other expenses | $0 |
| Total functional expenses | $404,582,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,750,424 |
| Savings and temporary cash investments | $230,684,699 |
| Pledges and grants receivable | $2,223,238 |
| 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 |
| Investments—publicly traded securities | $1,409,274,303 |
| Investments—other securities | $125,597,191 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,007,228 |
| Total assets | $1,807,537,083 |
| Accounts payable and accrued expenses | $1,329,550 |
| Grants payable | $8,144,198 |
| 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 | $184,683 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $811,821 |
| Total liabilities | $10,470,252 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,797,066,831 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Renaissance Charitable Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
John H & Robin E Sullivan Charitable Foundation Sarasota, FL PURPOSE: CHARITABLE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Renaissance Charitable Foundation Inc Indianapolis, IN | $1,807,537,083 | $542,838,666 |
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |