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

Prepare and provide the following paperwork to RCF for review and signature via e-mail to [email protected]:

  1.   Review the LPL program circular and complete the RCF DAF Application signed by the donor(s) to RCF.
  2.  Investment Policy Statement signed by the advisor of record.
  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.


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.
  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.
  5.  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!


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.

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 – [email protected] | 317-501-3133

Alyssa J. Rysdyk – [email protected] | 616-828-3377

If you have any questions regarding your fund establishment or there are special steps required for your donated assets, contact us at [email protected] and we will guide you through the process.