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Renaissance Charitable Foundation INC FY2021 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 2000Foundations & GrantmakersEIN 35-2129262Revenue $1.6B in FY2021

On file with the IRSrenaissancecharitable.org8888 Keystone Crossing Suite 1222, 46240-4609 · Indianapolis, INTax-exempt since Jun 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Renaissance Charitable Foundation, INC. Is a public benefit corporation that operates exclusively to conduct, support, encourage, and assist religious, Charitable, educational, and other programs.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $872.7M a year · 62% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.2M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11.9M
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6B
+203% vs prior year
Spent
$435.0M
To programs
96%
Net assets
$3.1B
By yearFY2020–FY2024
Revenue
$1.6B
FY2021▲ +203%
Tap a bar for its year
Revenue by fiscal year
FY2020$542.8M
FY2021$1.6B
FY2022$987.0M
FY2023$1.5B
FY2024$2.4B
Expenses
$435.0M
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$404.6M
FY2021$435.0M
FY2022$470.8M
FY2023$592.8M
FY2024$801.9M
Net assets
$3.1B
FY2021▲ +70%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8B
FY2021$3.1B
FY2022$3.1B
FY2023$4.1B
FY2024$5.9B

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $418.9M Management & general 4% · $16.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
John Kinman
Director
$0Pt VII · Sec A
Steven R Ko
Director
$0Pt VII · Sec A
Gregory W Baker
President/Director
$0Pt VII · Sec A
Andy Barton
Treasurer/Director
$0Pt VII · Sec A
Douglas W Cox
VP/Secretary
$0Pt VII · Sec A
See Renaissance Charitable Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Administers donor-advised funds and distributes grants to support religious, charitable, and educational organizations nationwide.

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Provided by the organization

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1 program · $418.9M · in their own filed words · FY2021
01

During the 12 months ended december 31, 2021 the foundation made over 59,000 in grants to over 14,000 qualifying charitable recipients.

$418.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
T Rowe Price Program for Charitable Giving INCFY2025$663K
Boatwright Foundation INCFY2025$200K
The Ayco Charitable FoundationFY2025$163K
La Crosse Community FoundationFY2025$131K
South Central Community FoundationFY2025$53K
Nindra FoundationFY2025$25K
Total grants receivedfrom 6 funders$1.2M
See all 6 funders →
Grants paid · 4 grants · $1.5B · 2020–2023
Individual RecipientFY2023$552,634,593
Individual RecipientFY2022$403,320,373
Individual RecipientFY2021$234,121,465
Individual RecipientFY2020$352,409,519

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6B
Ln 12
Gifts and grantsLn 1h$1.5B
Investment incomeLn 3$148.2M
Other incomeLn 4–11$10.6M
Money outPt IX
$435.0M
Ln 25
Programscol B$418.9M
Managementcol C$16.1M
Owns and owesPt X
$3.1B
net assets · Ln 32
Cash and savingsLn 1–2$436.6M
Total assetsLn 16$3.1B
LiabilitiesLn 26$11.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5B
Noncash giftsLn 1g$840.3M
Investment incomeLn 3$148.2M
Other incomeLn 4–11$10.6M
Gains on assetsLn 7$63.8M
Total revenueLn 12$1.6B
Assets in detailPt X, end of year
CashLn 1$28.8M
SavingsLn 2$407.8M
Cash and savings togetherLn 1–2$436.6M
InvestmentsLn 11–13$2.63B
Other assetsLn 15$1.7M
Total assetsLn 16$3.1B
LiabilitiesLn 26$11.9M
Net assetsLn 32$3.1B
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$261.4M$436.6M
InvestmentsLn 11–13$1.53B$2.63B
Total assetsLn 16$1.81B$3.07B
LiabilitiesLn 26$10.5M$11.9M
Net assetsLn 32$1.80B$3.06B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$418.9M$418.9M
Grants and assistance to foreign recipientsLn 3$16K$16K
Investment management feesLn 11f$4.9M$4.9M
Other fees for servicesLn 11g$10.9M$10.9M
Advertising and promotionLn 12$20K$20K
InterestLn 20$8K$8K
InsuranceLn 23$143K$143K
Other expenses (24a–d)Ln 24$61K$61K
Total functional expensesLn 25$435.0M$418.9M$16.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4B$801.9M$1.6B$5.9B 990 PDF
FY2023 $1.5B$592.8M$867.0M$4.1B 990 PDF
FY2022 $987.0M$470.8M$516.2M$3.1B 990 PDF
FY2021 Viewing $1.6B$435.0M$1.2B$3.1B 990 PDF
FY2020 $542.8M$404.6M$138.3M$1.8B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,643,145,757 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $469,712,458$1,484,370,506
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $65,095,479$148,152,728
I-11 Other revenuePrior year $8,030,729$10,622,523
I-12 Total revenuePrior year $542,838,666$1,643,145,757
I-13 Grants and similar amounts paidPrior year $391,008,399$418,915,874
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,574,219$16,052,078
I-18 Total expensesPrior year $404,582,618$434,967,952
I-19 Revenue less expensesPrior year $138,256,048$1,208,177,805
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,643,145,757 across 8 lines filed
VIII-1d Related organizations$3,450,000
VIII-1f All other contributions, gifts and grants$1,480,920,506
VIII-1g Noncash contributions (included above)$840,261,683
VIII-1h Total contributions, gifts and grants$1,484,370,506
VIII-3 Investment incomeExcluded from tax $84,346,818$84,346,818
VIII-7 Net gain or loss on sales of assetsExcluded from tax $63,805,910$63,805,910
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,453,357 · Excluded from tax −$830,834$10,622,523
VIII-12 Total revenueRelated to mission $11,453,357 · Unrelated business $0 · Excluded from tax $147,321,894$1,643,145,757
Part IX · Statement of functional expenses $434,967,952 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $418,899,882$418,899,882
IX-3 Grants and assistance to foreign recipientsPrograms $15,992$15,992
IX-11f Investment management feesManagement $4,894,521$4,894,521
IX-11g Other fees for servicesManagement $10,925,190$10,925,190
IX-12 Advertising and promotionManagement $19,740$19,740
IX-20 InterestManagement $7,790$7,790
IX-23 InsuranceManagement $143,355$143,355
IX-24 Other expenses (24a–d)Management $61,482$61,482
IX-25 Total functional expensesPrograms $418,915,874 · Management $16,052,078 · Fundraising $0$434,967,952
Part X · Balance sheet $3,073,056,178 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $30,750,424$28,762,045
X-2 Savings and temporary cash investmentsStart of year $230,684,699$407,843,324
X-3 Pledges and grants receivableStart of year $2,223,238$2,837,638
X-11 Publicly traded securitiesStart of year $1,409,274,303$2,313,770,686
X-12 Other securitiesStart of year $125,597,191$318,138,334
X-15 Other assetsStart of year $9,007,228$1,704,151
X-16 Total assetsStart of year $1,807,537,083$3,073,056,178
X-17 Accounts payable and accrued expensesStart of year $1,329,550$1,999,494
X-18 Grants payableStart of year $8,144,198$8,865,574
X-25 Other liabilitiesStart of year $811,821$805,000
X-26 Total liabilitiesStart of year $10,470,252$11,854,751
X-27 Net assets without donor restrictionsStart of year $1,794,513,736$3,059,497,276
X-28 Net assets with donor restrictionsStart of year $2,553,095$1,704,151
X-32 Total net assets or fund balancesStart of year $1,797,066,831$3,061,201,427
X-33 Total liabilities and net assetsStart of year $1,807,537,083$3,073,056,178
Part XI · Reconciliation of net assets $3,061,201,427 net assets at year end
XI-1 Total revenue$1,643,145,757
XI-2 Total expenses$434,967,952
XI-3 Revenue less expenses$1,208,177,805
XI-4 Net assets at start of year$1,797,066,831
XI-5 Net unrealized gains (losses) on investments$55,956,791
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,061,201,427

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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