Pershing RCF DAF Setup Steps

Establishing your Donor-Advised Fund

Setting up and managing a new donor-advised fund (DAF) through the Renaissance Charitable Foundation (RCF) is quick and easy. Follow the steps below to get started.

Paperwork

Prepare and provide the following paperwork to RCF for review and facilitation of signature via email to [email protected] or send to the RCF officers via e-signature (details below):

  1. Review the RCF Program Circular for Pershing Accounts and complete the RCF DAF Application signed by the donor(s).
  2. Investment Policy Statement signed by the advisor of record.
  3. Completed paperwork required for RCF to establish a nonprofit organization account with your firm (RCF is the owner of the account therefore your client(s) does not sign the new investment account paperwork).


See Instructions for Opening an Investment Account for additional RCF entity information required to complete the new account paperwork (including but not limited to):

    • A new account form or account application
    • Entity Certification of Powers, Non-Corporate Resolution, or Corporate Resolution (depending on your firm’s requirements)
    • ACH authorization form (for funds being sent from the investment account to RCF ONLY)
    • Beneficial owner form (*Note – there are no beneficial owners for RCF, use this only for Control Person information)
    • Advisor firm’s Advisory Agreement for RCF review and signature

Important Notes:

  1. This paperwork should be completed prior to providing it to RCF for signature.
  2. RCF required online access to the investment account to confirm contributions and issue tax receipts, so this section of the new account form or application must be completed.
  3. RCF is the owner of the investment account and should sign all investment account paperwork as the account owner. Information within the application regarding the account owner should reference RCF, not the donor(s).
  4. The Advisor may need to be licensed in the state of Indiana to open the new account. Check with your firm’s compliance department for their requirements.
  5. Year-end deadlines found here.

 

RCF address:

8888 Keystone Crossing, Suite 1222, Indianapolis, IN 46240


RCF Officer Information for e-signature requests:


*Contact number listed for text confirmation of e-signature requests ONLY

Please do NOT share the PII of the Foundation’s Officers with your other clients. For most advisors, this means do not share with your clients a copy of the Account Application, Corporate Resolution, Beneficial Owner / Control Person forms of other forms that include the Officer’s PII.

Also, if your clients are setting up a DAF, this also means do not send a single DocuSign to those clients and also to the Foundation that includes the DAF Application, and the Account Application or other forms that include the Officer’s PII.

Next steps:

  1. Ren establishes the RCF DAF on the DFX platform (this generally takes 1-2 business days).
  2. Paperwork to open the investment account is signed by RCF and returned to the Advisor (this generally takes 3-5 business days for paperwork completed in good order).
  3. The Advisor establishes the investment account and makes the initial contribution directly into the new investment account.
      • -Ensure the newly established investment account is added to the RCF data feed with Pershing, prefix TU5.
  4. When the investment account has been funded, the Advisor must send confirmation of funding to [email protected]. This can be a screenshot of the transaction in the receiving RCF DAF investment account but must include the account number and contribution details.
      • -If the new DAF is being funded from another DAF account, the donor should follow the current DAF provider’s steps for an account closing grant.
      • -The grant to RCF should be made payable to:

Renaissance Charitable Foundation Inc.
EIN: 35-2129262
Address: 8888 Keystone Crossing, Suite 1222, Indianapolis, IN 46240
Purpose: Name of new DAF with RCF

  1. Ren credits the contribution to the account and moves the account into a grant-ready status. Log-in credentials are e-mailed to the advisor and donor when the account is established. The DAF account can be accessed at https://RCF.DonorFirstX.com. Instructions for navigating the platform can be found here. The process is complete!

Contact the RCF DAF team at 855-217-8140.