Renaissance Philanthropy Fund

Nonprofit profile at a glance

EIN
991953380
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
New York, NY, USA
Phone
2029987795
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$115,242,559
Expenses
$28,428,936
Assets
$90,684,554
Liabilities
$1,451,374

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Tom Kalil (CHIEF EXECUTIVE OFFICER)
  • KUMAR A GARG (PRESIDENT/SECRETARY)

Highest reported compensation

  • Tom Kalil (CHIEF EXECUTIVE OFFICER): $784,305 total reported compensation
  • KUMAR A GARG (PRESIDENT/SECRETARY): $611,346 total reported compensation
  • Joshua Elliott (Chief Scientist): $465,286 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to fuel a 21st-century renaissance by increasing the ambition of philanthropists, scientists, and innovators. Our vision is a brighter future for all through science, technology, and innovation.

What it reported doing in 2025

RenPhil advances its mission by designing, incubating, and launching time-bound, thesis driven philanthropic funds. The organization's vision is a brighter future for all through science, technology, and innovation.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 85
  • Accountability: 77
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22.7%; rating input score 23
  • Program expense ratio: 90.4%; rating input score 90
  • Fundraising efficiency: $107.99 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 15th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 4 of 8 controls in place; rating input score 50
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 99.5%; rating input score 100; 48th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 75.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 3.19; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 10.6%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 177.8% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 184.1% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 189.6% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 22.7% of revenue deployed · 90.4% of spending went to programs
  • Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $25.7M in reported program spending
  • Leadership: top reported pay $784K · 11 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 40 filed money-flow records
  • Related organizations: 32 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 23/100.
  • Review — Transparency & Controls: Foreign activity oversight: 4 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.