2020-11-11T06:35:38-08:00 2019-12-31 352111971 RENAISSANCE ADMINISTRATION LLC 8910 Purdue Rd Suite 500 Indianapolis IN 46268 990 2019-01-01 352129262 Renaissance Charitable Foundation Inc RENA 8668030389 8910 Purdue Road Indianapolis IN 46268 Gregory W Baker President 2020-11-11 true Joseph R Gianforte P00757003 8008430050 2019 2021-01-29 14:40:06Z Gregory W Baker 8910 Purdue Road 555 Indianapolis IN 46268 1184364204 false X www.rcgf.org X 2000 IN Renaissance Charitable Foundation Inc. is a public benefit corporation that operates exclusively to conduct, support, encourage and assist religious, charitable, educational and other programs. 5 3 0 0 189526 422905164 351743248 0 51969915 96908030 -320458 7818292 474554621 456469570 326661592 480073268 0 0 0 0 9915738 10283921 336577330 490357189 137977291 -33887619 1494572247 1623200404 24730925 15623737 1469841322 1607576667 Renaissance Charitable Foundation Inc. is a public benefit corporation that operates exclusively to conduct, support, encourage and assist religious, charitable, educational and other programs. false false 480073268 480073268 During the 12 months ended December 31, 2019 the Foundation made 63,000+ grants to over 20,000 qualifying charitable recipients. 480073268 true true false false false true false false false false false true false false true true true false false false true true false false false false false true false false false false false true false false false false true false false false true true true false false false true 0 0 false 0 true true false false false false false false 0 false false false false false false false false false false X 5 3 true true false false false false false true true false false false true true true true true true false false AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X X Douglas W Cox 8668030389 8910 Purdue Road Suite 555 Indianapolis IN 46268 X Daniel H O'Connell Director 0.20 0.00 X 0 0 0 Ann M Merkel Director 0.20 0.00 X 0 0 0 Steven R Ko Director 0.20 0.00 X 0 0 0 Gregory W Baker President/Direc 10.00 0.00 X X 0 0 0 Andy Barton Treasurer/Direc 2.00 0.00 X X 0 0 0 Douglas W Cox VP/Secretary 10.00 1.00 X 0 0 0 0 false false false RenPSG 8910 Purdue Road Suite 500 Indianapolis IN 46268 Administrative srvcs 7413300 1 3166877 348576371 212997823 351743248 0 44948800 44948800 0 0 0 762997334 16856530 712579541 15315093 50417793 1541437 51959230 51959230 0 0 0 Adminstration fees 7822424 7822424 Split Interest Agreements -4132 -4132 7818292 456469570 7822424 96903898 479999043 479999043 0 74225 74225 0 0 0 0 0 0 0 0 0 0 0 0 2493362 2493362 7615997 7615997 21076 21076 0 0 0 0 0 0 0 18421 18421 0 0 118054 118054 Miscellaneous fees 17011 17011 0 490357189 480073268 10283921 0 16396146 28645871 215341429 180264921 1537923 1665520 0 0 0 0 0 0 0 988904113 1283742536 269146087 108253974 0 0 3246549 20627582 1494572247 1623200404 1456459 1527126 22121537 13100549 355000 184683 797929 811379 24730925 15623737 X 1467416916 1605151760 2424406 2424907 1469841322 1607576667 1494572247 1623200404 X -33887619 171622960 4 X false true X false false X 350383666 331679221 446168582 422905164 480073268 2031209901 0 0 350383666 331679221 446168582 422905164 480073268 2031209901 20573821 2010636080 20266834 22063190 27016999 38848261 44948800 153144084 0 0 2184353985 7822424 0.92050 0.90850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9599 351743247 466972719 1605545695 true true 108253974 Annuities Payable 811379 811379 X 625599172 171622960 4 171622964 453976208 2493362 2493362 456469570 487863827 487863827 2493362 2493362 490357189 Part X : FIN48 Footnote 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, 2019 and 2018, 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 RST, the activities of the RSGF 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. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rounding $4 true North America 0 0 Grantmaking n/a 16125 Sub-Saharan Africa 0 0 Grantmaking n/a 50000 Europe 0 0 Grantmaking n/a 4500 Middle East & North Africa 0 0 Grantmaking n/a 3600 74225 74225 North America Arts 15000 Wire n/a Sub-Saharan Afr Education 50000 Wire n/a 2 false false false false false false Part II, Line 1 - Method of Accounting 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 Foundations grants must agree to fully expend the grant money exclusively for purposes that the Foundation deems are charitable purposes.The Foundations due diligence activity for grant recipients that are foreign organizations include conversations between the Foundations officers and the proposed grantees 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 Foundations 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 grantees 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 Foundations general policy for making grants to foreign organizations is to wire cash from one of the Foundations checking accounts to an account in the name of the grantee. true View Attached Grant Report View Attached Grant Report See Attached IN 46268 376321809 0 n/a n/a Various purposes under IRC 170(c) 3790 0 Grantmaker's Description of How Grants are Used During the year the Foundation only made grants to publicly supported Sec. 501(c)(3) charities. The Foundation performs substantive due diligence procedures to confirm the eligibility of each grant recipient. The Foundation maintains a record of the qualified status of each recipient charity. Renaissance Administratio See Stateme Operating expenses X 500000 false true true National Bank of Indianap See Stateme Operating e X 300000 184683 false true true 184683 Renaissance Administratio See Statement 7413300 Administration Srvcs false Renaissance Administratio See Statement 9915 Interest expense false National Bank of Indianap See Statement 8506 Interest expense false Schedule L, Part V Supplemental Information Statement - Schedule L, Part II, Column (b):Renaissance Administration LLC - 3 officers of Renaissance Charitable Foundation Inc. are also officers of Renaissance Adminstration LLCNational Bank of Indianapolis - A Board member of Renaissance Charitable Foundation Inc. is also an officer of National Bank of IndianapolisStatement - Schedule L, Part IV, Column (b):Renaissance Administration LLC - 3 officers of Renaissance Charitable Foundation Inc. are also officers of Renaissance Adminstration LLCNational Bank of Indianapolis - A Board member of Renaissance Charitable Foundation Inc. is also an officer of National Bank of Indianapolis X 6479 179921138 High-Low Price X 9 6850989 Appraisal X 17 21369329 Appraisal X 1 500412 Appraisal X 5 1371877 Appraisal X 1 1795000 Appraisal X Commodities 1 104788 Market value X Life Insurance 1 84290 Cash surrender X Promissory Note 1 1000000 Face Value false true false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Three current officers of the Foundation are also officers of Renaissance Philanthropic Solutions Group (RenPSG). All business transactions between the Foundation and Renaissance Philanthropic Solutions Group (RenPSG) are subject to the Foundation's governing documents, including the conflict of interest policy. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company The organization outsources management and administrative services to Renaissance Administration LLC. Renaissance Administration LLC 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. Form 990, Part VI, Line 11b: Form 990 Review Process 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. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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 conflict 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 conflict 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. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, 2019 the Foundation neither paid compensation to any officer nor reviewed any officer compensation arrangements. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Foundation's governing documents, tax returns, conflict 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. 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