Liabilities / Assets
5th percentile
Higher debt load relative to assets than 5% of similar nonprofits.
990 • Fiscal year 2022 • EIN 35-2129262
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
5th percentile
Higher debt load relative to assets than 5% of similar nonprofits.
Liabilities / Revenue
4th percentile
Higher debt load relative to revenue than 4% of similar nonprofits.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
2nd percentile
Higher top officer pay than 2% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Assets
Up$3,082,518,975
Up $9,462,797 (+0.3%) from 2021
Net Assets
Up$3,069,392,580
Up $8,191,153 (+0.3%) from 2021
Liabilities
Up$13,126,395
Up $1,271,644 (+11%) from 2021
Revenue
Down$986,967,944
Down $656,177,813 (-40%) from 2021
Expenses
Up$470,774,649
Up $35,806,697 (+8.2%) from 2021
Net Income
Down$516,193,295
Down $691,984,510 (-57%) from 2021
Renaissance Charitable Foundation Inc. is a public benefit corporation that operates exclusively to conduct, support, encourage and assist religious, charitable, educational and other programs.
RCF is a public benefit corporation that operates exclusively to conduct, support, encourage, and assist religious, charitable, educational, and other programs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $2,313,770,686 | $2,460,287,960 | ▲ $146,517,274 |
| Savings and Temporary Cash Investments | $407,843,324 | $388,520,909 | ▼ $19,322,415 |
| Investments Other Securities | $318,138,334 | $205,999,029 | ▼ $112,139,305 |
| Cash and Non-Interest-Bearing Accounts | $28,762,045 | $23,400,062 | ▼ $5,361,983 |
| Pledges and Grants Receivable | $2,837,638 | $2,884,749 | ▲ $47,111 |
| Loans From Officers Directors | $184,683 | $0 | ▼ $184,683 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $3,073,056,178 | $3,082,518,975 | ▲ $9,462,797 |
| Other Assets Total | $1,704,151 | $1,426,266 | ▼ $277,885 |
| Liabilities | |||
| Grants Payable | $8,865,574 | $10,395,884 | ▲ $1,530,310 |
| Accounts Payable and Accrued Expenses | $1,999,494 | $1,980,511 | ▼ $18,983 |
| Other Liabilities | $805,000 | $750,000 | ▼ $55,000 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $11,854,751 | $13,126,395 | ▲ $1,271,644 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,059,497,276 | $3,067,966,314 | ▲ $8,469,038 |
| Net Assets With Donor Restrictions | $1,704,151 | $1,426,266 | ▼ $277,885 |
| Total Net Assets Fund Balance | $3,061,201,427 | $3,069,392,580 | ▲ $8,191,153 |
| Total Liabilities and Net Assets / Fund Balance | $3,073,056,178 | $3,082,518,975 | ▲ $9,462,797 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $205,999,029 | - | - |
| Name | Title |
|---|---|
| Gregory W Baker | President & Chairman |
| Douglas W Cox | Secretary & Vice-President |
| Daniel H O'Connell | Director |
| Jill H Robisch | Director |
| Steven R Ko | Director |
| Andy Barton | Treasurer & Director |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Renaissance Administration LLC | Administration | 8910 Purdue Road Suite 500, Indianapolis, IN 46268 | $13,490,137 |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 12,459 | $336,889,380 | High-Low |
| Securities Closely Held Stock | 16 | $55,605,753 | Appraisal |
| Secur Prtnrshp Trust Intrsts | 31 | $52,817,348 | Appraisal |
| Securities Miscellaneous | 13 | $1,470,692 | High-Low |
| Historical Artifacts | 1 | $947,780 | Appraisal |
| Other Non Cash Contri Table | 1 | $58,144 | High-Low |
| Other Non Cash Contri Table | 1 | $24,443 | Cash surrender |
| Total Noncash Contributions | 12,522 | $447,813,540 | - |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $449,056,203 |
| Other Expenses | $21,718,446 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $449,028,203 | - | - | $449,028,203 |
| Fees for Services Other | - | $13,567,651 | - | $13,567,651 |
| Fees for Service Investment Mgmnt Fees | - | $7,983,278 | - | $7,983,278 |
| Insurance | - | $144,848 | - | $144,848 |
| Foreign Grants | $28,000 | - | - | $28,000 |
| Other Expenses | - | $20,494 | - | $20,494 |
| Interest | - | $2,175 | - | $2,175 |
| Total Functional Expenses | $449,056,203 | $21,718,446 | $0 | $470,774,649 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $470,774,649 |
| Expenses per Audited Statements | $462,791,371 |
| Total Expenses per Audited Statements | $462,791,371 |
| Expenses Not Reported on Financial Statements | $7,983,278 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| See Attached Grant Report | See Attached Grant Rpt, IN | - | Charitable | $403,320,373 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| North America | Grantmaking | - | 0 | 0 | $28,000 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Renaissance Administration LLC | An officer of RCF is also an officer of Renaissance Administration LLC | Administration services | No | $13,490,137 |
| National Bank of Indianapolis | A board member of RCF is also an officer of National Bank of Indianapolis | Interest expense | No | $2,175 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $184,683 | $0 | ▼ $184,683 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Commercial Annuities Payable | $750,000 |
“Line 2: One current officer of the Foundation is also an officer of Renaissance Administration LLC (Ren). All business transactions between the Foundation and Ren are subject to the Foundation's governing documents, including the conflict of interest policy. Line 3: The organization outsources management and administrative services to Renaissance Administration LLC (Ren). Ren maintains the books and records, prepares tax returns and other required regulatory filings, and provides staff, resources, and professional expertise to carry out its administrative responsibilities for the organization. Line 11b: The Form 990 is reviewed by the President and the Treasurer of the Foundation before it is filed. The President is an attorney with extensive knowledge of the rules and regulations governing charitable organizations. The Treasurer is a CPA with extensive knowledge of financial statements and tax returns. The Form 990 is presented to the Foundation's full Board of Directors after it has been filed. Line 12c: The Foundation's written conflicts of interest policy has been part of the Foundation's bylaws since inception. The Foundation's Board monitors and enforces the Foundation's conflicts of interest policy. A Foundation director; any entity in which a director has a material interest; or an entity of which a Foundation director is a director, officer or trustee is subject to the Foundation's conflicts of interest policy. Conflicts are identified, reported, and described at the transaction level in the Board's written minutes for any meeting in which they are discussed. For each conflict transaction, the material facts of the transaction and the director's interest must be disclosed to the Board. A conflicted director may not vote to authorize, approve or ratify a conflict transaction. The Board must determine that the conflict transaction is fair and reasonable to the Foundation. Once this determination is made, a majority of the non-conflicted directors must vote to authorize, approve or ratify the conflict transaction. Line 15a: The Chairman of the Board and the President of the Foundation approve any compensation for officers based on the officer's experience and comparable compensation for similar positions at similar institutions. During the Year ended December 31, 2022 the Foundation neither paid compensation to any officer nor reviewed any officer compensation agreements. Line 19: The Foundation's governing documents, tax returns, conflicts of interest policy and audited financial statements are available at the Foundation's headquarters, on the Foundation's website, and to the general public upon request.”
“The Foundation is organized as a not-for-profit corporation under Section 501(c)(3) of the IRC. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As such, the Foundation is generally exempt from income taxes. However, the Foundation is required to file Federal Form 990 - Return of Organization Exempt from Income Tax which is an informational return only. With the exception of Renaissance Charitable Supporting Organization Trust (RST), the activities of the Renaissance Special Gift Foundation LLC subsidiaries are combined with the activities of the Foundation for tax purposes. RST files a separate return that is not consolidated with the Foundation and other supporting entities.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1999494 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1980511 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | RCF is a public benefit corporation that operates exclusively to conduct, support, encourage, and assist religious, charitable, educational, and other programs. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllOtherContributionsAmt | 0 | 912941204 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DOUGLAS W COX |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8668030389 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 8910 PURDUE ROAD SUITE 555 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | INDIANAPOLIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46268 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | true |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 28762045 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 23400062 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 13490137 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 8910 Purdue Road Suite 500 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | INDIANAPOLIS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 46268 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | Renaissance Administration LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Administration |
| IRS990/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 914558809 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 449056203 |
| IRS990/CYInvestmentIncomeAmt | 0 | 58401521 |
| IRS990/CYOtherExpensesAmt | 0 | 21718446 |
| IRS990/CYOtherRevenueAmt | 0 | 14007614 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 516193295 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 470774649 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 986967944 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | true |
| IRS990/DeductibleNonCashContriInd | 0 | true |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | During the 12 months ended December 31, 2022 the Foundation made over 100,000 grants to over 50,000 charitable organizations. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | true |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1704151 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1426266 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 449056203 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 13567651 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 13567651 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 7983278 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 7983278 |
| IRS990/ForeignActivitiesInd | 0 | true |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/ProgramServicesAmt | 0 | 28000 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 28000 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 66 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | true |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 10.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Gregory W Baker |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Andy Barton |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Steven R Ko |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Daniel H O'Connell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Jill H Robisch |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Douglas W Cox |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President & Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer & Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Secretary & Vice-President |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 2000 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/FundraisingDirectExpensesAmt | 0 | 0 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -30327645 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GamingDirectExpensesAmt | 0 | 0 |
| IRS990/GamingGrossIncomeAmt | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantAmt | 0 | 449056203 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 8865574 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 10395884 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 449028203 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 449028203 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1002749088 |
| IRS990/GrossReceiptsAmt | 0 | 2020044677 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 144848 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 144848 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 2175 |
| IRS990/InterestGrp/TotalAmt | 0 | 2175 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 88729166 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 88729166 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 318138334 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 205999029 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 2313770686 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 2460287960 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | IN |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 1033076733 |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 184683 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | COMMERCIAL ANNUITIES PAYABLE |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | OTHER SECURITIES & PARTNERSHIP |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The Foundation is organized as a not-for-profit corporation under Section 501(c)(3) of the IRC. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As such, the Foundation is generally exempt from income taxes. However, the Foundation is required to file Federal Form 990 - Return of Organization Exempt from Income Tax which is an informational return only. With the exception of Renaissance Charitable Supporting Organization Trust (RST), the activities of the Renaissance Special Gift Foundation LLC subsidiaries are combined with the activities of the Foundation for tax purposes. RST files a separate return that is not consolidated with the Foundation and other supporting entities. |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 0 | North America |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 0 | Grantmaking |
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| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 0 | Renaissance Charitable Foundation Inc. ("Foundation") applies a risk-based approach to its grant making decisions, which is executed per our written grantmaking due diligence policy. Our overall policy encompasses grants to charities inside the United States as well as to organizations outside the United States. This policy is designed to substantially reduce the danger of our grants being: made to an organization engaged in terrorist activities; used for non-charitable purposes; or made to an organization known by the Foundation to violate its agreements. The recipient of each of the Foundation's grants must agree to fully expend the grant money exclusively for purposes that the Foundation deems are "charitable" purposes. The Foundation's due diligence activity for grant recipients that are foreign organizations include conversations between the Foundation's officers and the proposed grantee's officers/directors. If both organizations agree to continue working together to consider the grant, the proposed grantee submits an executed affidavit to the Foundation along with supporting documentation that describes the following information about the proposed grantee: organization structure; charitable operations; leadership personnel and structure; financial situation; and procedures upon dissolution. The Foundation's purpose in reviewing such affidavit and supporting documentation is to learn whether the Foundation (or its counsel) can make a good faith determination that the proposed grantee is an organization that could be described in 509(a)(1), (2), or (3) of the US Internal Revenue Code. If the Foundation determines the answer is yes, then the Foundation and the proposed grantee may enter into a formal, written grant agreement, which describes the timing and charitable purpose of the grant as well as the grantee's post-grant obligations. Before making a grant to a foreign organization, the Foundation conducts a terrorist check on both the organization and its key leaders through a third-party service. The Foundation's general policy for making grants to foreign organizations is to wire the cash from one of the Foundation's checking accounts to an account in the name of the grantee. |
| IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule F Part I Line 3 |
| IRS990ScheduleF/Total501c3OrgCnt | 0 | 0 |
| IRS990ScheduleF/TotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/TotalOfficeCnt | 0 | 0 |
| IRS990ScheduleF/TotalOtherOrgCnt | 0 | 4 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.