Renew Foundation Inc

CARTERSVILLE, GA EIN: 87-3621313

Renew Foundation Inc is a private foundation focused on Education, based in CARTERSVILLE, GA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 2 grants totaling $54K. Net investment income was $128K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+12.5% YoY

Annual Giving

$54K

+19.5% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$27K

-40.2% YoY

Under IRS private-foundation payout rules, Renew Foundation Inc reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.

About Renew Foundation Inc

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $127K (97%)

Texas $4K (3%)

States

Texas Virginia

Cities

Lago VistaNew Market

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,190,032	$1,057,958	$511,521
Revenue	$220,873	$599,353	$-789
Expenses	$88,799	$52,916	$47,989
Qualifying Distributions	$53,790	$45,000	$32,000
Net Investment Income	$127,862	$514,664	$3,465
Distributable Amount	$57,070	$18,888	$27,333

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Shenandoah Valley Academy ($50,000), Lifeapp Usa Inc ($3,790).

Recipient	Purpose	Amount
SHENANDOAH VALLEY ACADEMY NEW MARKET, VA	TO DEVELOP STUDENTS'CREATIVITY, INDIVIDUALITY, AND THEPOWER TO THINK	$50,000
LIFEAPP USA INC LAGO VISTA, TX	SCHOLARSHIP	$3,790

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DON LEEPER	PRESIDENT	—	—
RUTHANNE C LEEPER	VICE PRESIDENT	—	—
KELLI JO LAMBERTON	DIRECTOR	—	—
KYLE R LEEPER	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Renew Foundation Inc?

Renew Foundation Inc is a private foundation focused on Education, based in CARTERSVILLE, GA. It holds $1.2M in total assets as of 2024.

How large is Renew Foundation Inc?

As of 2024, Renew Foundation Inc holds $1.2M in total assets with $221K in annual revenue. It awarded 2 grants totaling $54K in 2024.

Where does Renew Foundation Inc operate?

Renew Foundation Inc has awarded grants in Texas, Virginia.

What size grants does Renew Foundation Inc award?

In 2024, Renew Foundation Inc awarded 2 grants totaling $54K — an average of about $27K per grant, based on its IRS Form 990 filings.

How much is Renew Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Renew Foundation Inc reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.