Overview
What is Renaissance Charitable Foundation Inc?
Renaissance Charitable Foundation Inc, based in Indianapolis, Indiana, is a public benefit corporation that dedicates its efforts to supporting and promoting various religious, charitable, educational, and other initiatives. Over the past year, the foundation has made over 100,000 grants to more than 50,000 charitable organizations. These grants contribute significantly to the ongoing operations and programs of these organizations. By engaging in this crucial work, Renaissance Charitable Foundation Inc. continues to create a lasting impact on the community and beyond.
Official website here: www.renaissancecharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Renaissance Charitable Foundation Inc has achieved an overall score of 87%, which reflects a strong emphasis on accountability and finance. The charity has demonstrated effective governance with a significant majority of its board consisting of independent members, and has policies in place for conflict of interest and whistleblower protections. Their financial practices are solid, featuring no material diversion of assets and a high program expense ratio of 96.99%, indicating that most funds are directed towards their mission.
The organization has also excelled in transparency, with detailed disclosures regarding board and staff members, along with the CEO's compensation process. Additionally, their liabilities to assets ratio stands at a commendable 0.38%, suggesting sound financial health. However, while the charity performs well in several areas, it has a low fundraising efficiency ratio, indicating that its efforts in fundraising may not be as effective as its program delivery.
Overall, the Renaissance Charitable Foundation Inc's strengths lie in its financial management and commitment to accountability, ensuring that funds are utilized effectively for its charitable purposes. Nevertheless, addressing the fundraising efficiency could enhance its overall performance and impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Renaissance Charitable Foundation Inc legitimate?
Renaissance Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance Charitable Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.renaissancecharitable.org
What is the mission statement of Renaissance Charitable Foundation Inc?
The Renaissance Charitable Foundation Inc. is a public benefit corporation dedicated to conducting, supporting, encouraging, and assisting various religious, charitable, educational, and other programs. Through its mission, the foundation works to make a positive impact on numerous organizations, making over 100,000 grants during the past year to over 50,000 charities. By providing financial assistance, the foundation plays a crucial role in furthering the efforts of these organizations and contributing to their impactful work.
Official website here: www.renaissancecharitable.org
Who is the CEO of Renaissance Charitable Foundation Inc?
Gregory W Baker is the President & Chairman of Renaissance Charitable Foundation Inc.
Official website here: www.renaissancecharitable.org
What is the revenue of Renaissance Charitable Foundation Inc?
Renaissance Charitable Foundation Inc's revenue in 2022 was $986,967,944.
Official website here: www.renaissancecharitable.org
Who are the executives of Renaissance Charitable Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.renaissancecharitable.org
Where can I find the form 990 for Renaissance Charitable Foundation Inc?
Renaissance Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renaissancecharitable.org
Learn more at the official website: www.renaissancecharitable.org
Mission Statement of Renaissance Charitable Foundation Inc
The Renaissance Charitable Foundation Inc, a public benefit corporation, is dedicated to conducting, supporting, encouraging, and aiding various religious, charitable, educational, and other programs. In simpler terms, this foundation serves as a driving force behind numerous initiatives that fall under the categories of religion, charity, education, and other humanitarian efforts. Throughout the past year, the Foundation has extended its reach by granting over 100,000 contributions to more than 50,000 charitable organizations. By providing financial assistance, the Renaissance Charitable Foundation Inc is instrumental in fostering growth and impact within these organizations, ultimately contributing to positive change in communities and beyond.
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Impact
October, 2024
Renaissance Charitable Foundation Inc has made a significant impact through its extensive grant-making activities, providing support to over 50,000 charitable organizations. In the year ending December 31, 2022, the Foundation awarded more than 100,000 grants, enabling a wide array of religious, charitable, educational, and other benefit programs to flourish. By facilitating this level of financial support, Renaissance Charitable Foundation plays a crucial role in enhancing community welfare and addressing diverse societal needs, reflecting a strong commitment to philanthropy and public benefit in Indianapolis and beyond.
This information is meant to be a general summary of Renaissance Charitable Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $58,401,521
- Gross Receipts: $2,020,044,677
Assets and Liabilities:
- Total Assets: $3,082,518,975
- Total Liabilities: $13,126,395
- Net Assets: $3,069,392,580
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Organization Details
Founding Year
2000
Phone
(866) 803-0389Principal Officer
Gregory W Baker
Main Address
8910 Purdue Road Suite 555, Indianapolis, IN, 46268
NTEE Category
Code: T12 - Philanthropy
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