Overview
What is Renaissance Charitable Supporting Organization Trust?
Renaissance Charitable Supporting Organization Trust is a nonprofit organization situated in Aberdeen, South Dakota. Despite not providing direct program services, its primary role is to collect and manage non-cash donations. These contributions are then sold to generate funds, which are subsequently distributed to Renaissance Charitable Foundation Inc. By providing this service, the Trust serves as a crucial financial facilitator, contributing to the activities of its supported organization.
Is Renaissance Charitable Supporting Organization Trust legitimate?
Renaissance Charitable Supporting Organization Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance Charitable Supporting Organization Trust 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Renaissance Charitable Supporting Organization Trust?
The Renaissance Charitable Supporting Organization Trust's primary role is to gather and manage non-cash contributions. Its purpose is to sell these assets and then disburse the resulting proceeds to Renaissance Charitable Foundation Inc. The Trust does not provide direct program services, functioning instead as a conduit for the distribution of funds. In essence, its mission is to facilitate financial support for Renaissance Charitable Foundation Inc. through the sale of donated non-cash assets.
Who is the CEO of Renaissance Charitable Supporting Organization Trust?
Wendi A Weig is the Trustee of Renaissance Charitable Supporting Organization Trust.
What is the revenue of Renaissance Charitable Supporting Organization Trust?
Renaissance Charitable Supporting Organization Trust's revenue in 2022 was $17,073.
Who are the executives of Renaissance Charitable Supporting Organization Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $2,689
Where can I find the form 990 for Renaissance Charitable Supporting Organization Trust?
Renaissance Charitable Supporting Organization Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Renaissance Charitable Supporting Organization Trust
Renaissance Charitable Supporting Organization Trust is an organization dedicated to managing non-cash contributions with a specific purpose. Its mission involves accepting donations of property and overseeing their sale. The primary objective is to subsequently distribute the proceeds to Renaissance Charitable Foundation Inc. This trust does not provide direct program services but serves as a crucial intermediary for the financial transfer of the donated assets. By fulfilling this role, Renaissance Charitable Supporting Organization Trust plays a significant part in supporting the activities of its associated organization, Renaissance Charitable Foundation Inc.
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Impact
October, 2024
Renaissance Charitable Supporting Organization Trust plays a vital role in facilitating philanthropy by managing and optimizing non-cash contributions. By accepting donations of property, the Trust effectively allows donors to provide assets that can be sold, with the proceeds directed to support Renaissance Charitable Foundation Inc. This mechanism not only enhances the ability to mobilize resources but also ensures that the contributions are translated into impactful financial support for charitable initiatives.
The Trust's operations streamline the donation process for non-cash assets, such as real estate or securities, allowing for greater flexibility and potential tax advantages for donors. This approach contributes to a more robust funding stream for the Renaissance Charitable Foundation Inc., amplifying its capacity to engage in meaningful philanthropic activities. In essence, the Trust serves as a critical link that empowers donors while supporting the broader mission of advancing charitable endeavors.
This information is meant to be a general summary of Renaissance Charitable Supporting Organization Trust. 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: $7,073
- Gross Receipts: $17,073
Assets and Liabilities:
- Total Assets: $1,533,827
- Total Liabilities: $0
- Net Assets: $1,533,827
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Organization Details
Founding Year
2017
Phone
(605) 225-5611Principal Officer
Wendi A Weig
Main Address
PO Box 1210, Aberdeen, SD, 574021210
NTEE Category
Code: T90 - Philanthropy
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