AMPF Donor Advised Fund Setup Steps

Need to know:

• Ameriprise advisors need to be licensed in the state of Indiana to open a new RCF account at Ameriprise.
• Renaissance Charitable Foundation (RCF) – is a 501(c)(3) public charity and the DAF sponsor, meaning the assets are owned by RCF.
• Renaissance (Ren) – Ren is the third-party administrator retained by RCF to administer the DAF programs RCF sponsors.

Creating the DAF 

Direct any questions tied to the steps below to the Ameriprise dedicated RCF Client Services team via phone: (800) 281-4311, or email: ampf@reninc.com. 

Utilize our RCF New Account Opening Checklist to better assist with the steps for account opening.

1. Provide your donor client with the RCF DAF program circular for Ameriprise Clients.
2. The primary financial advisor should review the Investment Policy Statement .
3. Open a new Ameriprise investment account in the name of Renaissance Charitable Foundation Inc. non-profit with an approved Ameriprise advisory solution.
   • Advisors can locate the DAF Reference, aka ASK 1982, by typing the following: “Donor Advised Funds” or “1982” into the AdvisorCompass Search Bar.
   • Links are also found on the Mutual Funds Overview Product Page
   • Please also feel free to contact the Ameriprise Service & Operations New Business Team at (800) 297-6663 and say “New Business.”
4. Complete the on-line DAF application for your donor client here. Upon submission of the DAF application, a Docusign request will be sent to the primary advisor and donor(s) on the application.
   • Please note, the online application will require you to enter the primary financial advisor’s CRD number.
5. Log-in credentials for the RCF on-line 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.

Next Steps

The Advisor works with their donor client to fund the newly created Ameriprise investment account for RCF.

When the RCF investment account has been funded, the Advisor must send via ‘Send Secure’ email a screenshot confirmation of funding to ampf@reninc.com. This should include the following:

1. Full Ameriprise Investment account number
2. Donor or DAF account name
3. Date of initial contribution
4. Details of the initial contribution (cash/securities, etc.)
5. Current balance of the investment account

Ren credits the contribution to the account and moves the account into a grant-ready status, which allows the donor to submit grants to charities.

Instructions for navigating the RCF donor portal platform can be foundhere. The process is complete!

Important Notes

1. RCF is the owner of the Ameriprise investment account for all intents and purposes.
2. The Ameriprise operations team performs a monthly process to add the name of the donor to the Ameriprise account. Example:
   • Renaissance Charitable Foundation, Inc.
   • Donor Al & Alice Anderson
3. Donors obtain their RCF DAF Balance and submit grants via their RCF on-line portal.  RCF sends quarterly statements to the donor.  The RCF DAF account does not appear on the donor’s Ameriprise statement. 
4. Ameriprise sends a nightly data feed to Ren to update donor account balances reflected in the RCF on-line portal.
5. Click here for frequently asked questions of RCF DAFs.
6. Ameriprise advisors conduct the managed account annual review with Renaissance Charitable Foundation.  Contact the Ameriprise dedicated RCF Client Services team via phone: (800) 281-4311, or email: ampf@reninc.com to schedule the review with a Renaissance authorized person.

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.

For all other questions/concerns regarding the DAF accounts, please contact our RCF Client Services team at ampf@reninc.com or 800-281-4311.