LPL 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

Review, prepare, and provide the following paperwork to RCF:

1. Review and provide the LPL program circular to your client donor(s).
2. The primary financial advisor should review the Investment Policy Statement .
3. LPL now requires all applications to be entered through Clientworks. Completed examples of LPL application and paperwork can be found here: LPL Brokerage or Advisory Account Application for Non-Retirement Account, Entity Information-Corporate Resolution, Beneficial Ownership-Legal Entity Owner by Individuals, and Account Features-Electronic Prospectus Delivery.  Click here for Instructions for opening an account in Clientworks. Please note that you will be required to upload our Articles of Incorporation and Corporate Resolution during this process.  The application should be fully completed before submitting to RCF for signatures. DocuSign is preferred and recipient addresses can be found at the bottom of this page. 
4.  Advisor firm’s Advisory Agreement for RCF review and signature.
5. Send the LPL investment paperwork to RCF@reninc.com for officer signature or send directly to the RCF officers for e-signature (contact information listed below).
   • The signing of LPL investment paperwork is generally completed within 3-5 business days for paperwork completed in good order).

Next Steps

1. Ren returns the signed LPL investment paperwork, and the Advisor establishes the Renaissance Charitable Foundation-owned investment account.
2. Complete the online DAF Application for your donor client here. Upon submission of the DAF application, a Docusign request will be sent to the primary advisors and donor(s) on the application.
3. Please note, the online application will require you to enter the primary financial advisor’s CRD number.
4. Log-in credentials for the RCF online portal are e-mailed from do_not_reply@donorfirstx.com to the donor(s) when the Docusign is completed by all parties. Ensure your client is aware they will receive an email.

4.  When the investment account has been funded, the Advisor must send confirmation of funding to rcf@reninc.com. This can be a screenshot of the transaction in the receiving RCF DAF investment account, but must include the account number and contribution details.
5.  Ren credits the contribution to the account and moves the account into a grant-ready status.  The process is complete!

Important Notes

1.  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).
2.  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.

RCF address:

 8888 Keystone Crossing, Suite 1222, Indianapolis, IN 46240

Note: Investment paperwork may be sent to officers for e-signature:

Contact number listed for text confirmation of e-signature requests only.

Gregory W. Baker – gregbaker@rcgf.org | 317-501-3133

Alyssa J. Rysdyk – alyssarysdyk@rcgf.org | 616-828-3377

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.

If you have any questions regarding your fund establishment or there are special steps required for your donated assets, contact us at consulting@reninc.com and we will guide you through the process.