Renaissance Charitable Foundation Continues Strong Growth
The Renaissance Charitable Foundation Now Holds Over $330 Million in Donor Advised Fund Assets
INDIANAPOLIS, Aug. 7, 2012 /PRNewswire/ -- Since being established in 2000, the Renaissance Charitable Foundation (RCF) has steadily grown to become a leader in the Donor Advised Fund (DAF) arena. RCF has received more than $540 million in contributions, and has granted more than $204 million to charities on behalf of fund holders.
"With nearly 10,000 grants totaling over $40 million to almost 6,000 charities during 2011, our Grant Advisors used their DAFs to help many charities that were under severe economic hardship," said Gregory W. Baker, President of the Renaissance Charitable Foundation. "Our alliance with Renaissance Administration LLC gives us the capacity to continue to grow and serve our donors and Grant Advisors with tremendous flexibility including an exciting new online DAF gateway."
2011 showed especially strong growth with the number of DAFs held by RCF increasing by 23.9% over 2010 totals, and $101 million in new contributions (a 21% increase over 2010).
"The Renaissance Charitable Foundation also hosts private-labeled DAF programs for charitable organizations like community foundations, religious federations, and others," said Kevin McGrath, Director of Development for RCF. "Charitable organizations of all sizes have found that our specialized online services and scalable solutions are real assets that offer their donors an exciting new way to share their philanthropic goals with family and community."
Renaissance Charitable Foundation has already grown to over $330 million in assets – currently providing Donor Advised Funds to donors in all 50 states and Canada. Renaissance Charitable Foundation partners with Renaissance, an Indianapolis-based charitable trust administration company that was founded in 1987. Renaissance is now the premier provider of charitable gift design and administration services, and is the largest third-party charitable trust administrator in the United States. Renaissance currently administers more than $3 billion in charitable funds, including more than $1 billion in DAFs.
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