Renaissance Charitable Foundation Inc
RCF is a public benefit corporation that operates exclusively to conduct, support, encourage, and assist religious, charitable, educational, and other programs.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$2.4B
Total Expenses
$801.9M
Net Assets
$5.9B
Employees
0
Grants Paid
$770.8M
Program Expense Ratio
96.1%
Fundraising Efficiency
16214426.5%
This nonprofit profile presents IRS Form 990 tax filing data for Renaissance Charitable Foundation Inc (EIN: 35-2129262), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Renaissance Charitable Foundation Inc is a 501(c)(3) nonprofit headquartered in Indianapolis, IN, founded in 2000. It is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2001. In its 2024 filing, the organization reported $2.4B in total revenue, a 66.9% increase from the prior year, and $801.9M in total expenses. The organization runs 1 program, totaling $770.8M in program expenses. 4 of 6 recommended governance policies are in place.
Renaissance Charitable Foundation Inc is classified under NTEE code T12 (Fund Raising & Fund Distribution), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
Renaissance Charitable Foundation Inc operates 1 program, with total program expenses of $770.8M. Renaissance Charitable Foundation Inc's largest program accounts for 100% of total program spending.
During the 12 months ended December 31, 2024 the Foundation made over 160,000 grants to over 40,000 charitable organizations.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Renaissance Charitable Foundation Inc's revenue has grown from $456.5M to $2.4B, a 433.7% increase. Program expenses represent 96% of total spending.
Revenue increased 66.9% year-over-year, while expenses grew 35.3%. net assets rose to $5.9B, up 42.2% from the prior year.
Renaissance Charitable Foundation Inc derives 89% from contributions and grants, with 11% from investment income.
Revenue is primarily driven by contributions and grants (89%), with investment income at 11%.
Renaissance Charitable Foundation Inc allocates 96% to programs, 4% to management and general, 0% to fundraising.
Revenue grew by 66.9% while expenses grew by only 35.3%, suggesting improving operational efficiency.
Renaissance Charitable Foundation Inc distributed $770.8M in grants to other organizations and individuals, representing 96% of total expenses.
Over 6 filings from 2019–2024, Renaissance Charitable Foundation Inc grew revenue from $456.5M to $2.4B (+433.7%) while maintaining a program expense ratio of 96%.
Renaissance Charitable Foundation Inc holds $5.9B in total assets against $16.9M in liabilities (debt-to-asset ratio of 0%). The organization has 88.2 months of operating reserves. Cash and equivalents of $29.6M cover approximately 0.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $2.4B | $2.2B | $0 | $0 | $256.1M |
| 2023 | $1.5B | $1.3B | $0 | $0 | $94.3M |
| 2022 | $987.0M | $914.6M | $0 | $0 | $58.4M |
| 2021 | $1.6B | $1.5B | $0 | $0 | $148.2M |
| 2020 | $542.8M | $469.7M | $0 | $0 | $65.1M |
| 2019 | $456.5M | $351.7M | $0 | $0 | $96.9M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $801.9M | $770.8M | $31.1M | $13K | $770.8M |
| 2023 | $592.8M | $568.7M | $15.8M | $10K | $568.7M |
| 2022 | $470.8M | $449.1M | $21.7M | $0 | $449.1M |
| 2021 | $435.0M | $418.9M | $16.1M | $0 | $418.9M |
| 2020 | $404.6M | $391.0M | $13.6M | $0 | $391.0M |
| 2019 | $490.4M | $480.1M | $10.3M | $0 | $480.1M |
Program Expense Ratio
96.1%
Admin Expense Ratio
3.9%
Fundraising Efficiency
16214426.5%
Operating Reserve
88.2 mo
People & Compensation(Tax Year 2024)
6 records
Renaissance Charitable Foundation Inc reported compensation for 6 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Gregory W Baker | President & Chairman | OfficerDirector | 10.00 | $0 | $0 | $0 |
| Andy Barton | Treasurer & Director | OfficerDirector | 2.00 | $0 | $0 | $0 |
| Alyssa J Rysdyk | Secretary & Vice-President | Officer | 10.00 | $0 | $0 | $0 |
| Steven R Ko | Director | Director | 0.20 | $0 | $0 | $0 |
| Daniel H O'Connell | Director | Director | 0.20 | $0 | $0 | $0 |
| Jill H Robisch | Director | Director | 0.20 | $0 | $0 | $0 |
Top Contractors(Tax Year 2024)
1 record
Renaissance Charitable Foundation Inc reported 1 contractor receiving over $100,000, with total contractor payments of $19.2M.
| Name | Service | Compensation |
|---|---|---|
| Renaissance Administration LLC | Administration | $19,225,546 |
Governance & Compliance(Tax Year 2024)
Renaissance Charitable Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 3 of whom are independent.
Renaissance Charitable Foundation Inc's financial statements are audited, an audit committee oversees the process.
Renaissance Charitable Foundation Inc delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2024)
1 record
Unknown person — An officer of RCF is also an officer of Renaissance Administration LLC
Grants Awarded(Tax Year 2024)
1 record
Renaissance Charitable Foundation Inc awarded $745.7M across 1 grant to organizations. Top recipients include See Attached Grant Report (Indianapolis, IN) — $745.7M for various charitable purposes - detail available upon request.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| See Attached Grant Report | Indianapolis, IN | $745.7M | Various charitable purposes - detail available upon request |
Foreign Activities(Tax Year 2024)
Activities span North America.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| North America | — | — |
Supplemental Financial Data(Tax Year 2024)
Renaissance Charitable Foundation Inc operates a donor-advised fund (DAF) program with 25,824 accounts.
Filing History(Tax Years 2001–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $2.4B | $801.9M | $5.9B |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $1.5B | $592.8M | $4.1B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $987.0M | $470.8M | $3.1B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $1.6B | $435.0M | $3.1B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $542.8M | $404.6M | $1.8B |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $456.5M | $490.4M | $1.6B |
| 2001–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Renaissance Charitable Foundation Inc do?
RCF is a public benefit corporation that operates exclusively to conduct, support, encourage, and assist religious, charitable, educational, and other programs.
How much revenue does Renaissance Charitable Foundation Inc have?
Renaissance Charitable Foundation Inc reported $2,436,033,430 in total revenue for tax year 2024, up 66.9% from the prior year.
Who is the highest-paid executive at Renaissance Charitable Foundation Inc?
Gregory W Baker, President & Chairman, received $0 in total compensation as of tax year 2024.
Is Renaissance Charitable Foundation Inc a 501(c)(3)?
Yes, Renaissance Charitable Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Renaissance Charitable Foundation Inc located?
Renaissance Charitable Foundation Inc is headquartered in Indianapolis, IN 46268.
What type of nonprofit is Renaissance Charitable Foundation Inc?
Renaissance Charitable Foundation Inc is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Renaissance Charitable Foundation Inc audited?
Yes, Renaissance Charitable Foundation Inc's financial statements are audited, and the organization has an audit committee.
How much does Renaissance Charitable Foundation Inc spend on fundraising?
Renaissance Charitable Foundation Inc reported $13,321 in fundraising expenses for tax year 2024, which represents 0.0% of total expenses.
Does Renaissance Charitable Foundation Inc give grants?
Yes, Renaissance Charitable Foundation Inc distributed $770,759,425 in grants to other organizations and individuals in tax year 2024. Top recipients include See Attached Grant Report.
Does Renaissance Charitable Foundation Inc operate internationally?
Yes, Renaissance Charitable Foundation Inc conducts activities outside the United States. Activities span North America.
Data Source
Prepared by: Renaissance Administration LLC, Indianapolis, IN
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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