Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)MT BANK STADIUM 1101 RUSSELL STRE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21230
A Employer identification number

52-2352678
B Telephone number (see instructions)

(667) 260-2246
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$229,911,583J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 49,960,328
2 Check bullet.............
3 Interest on savings and temporary cash investments 12,527 228,698  
4 Dividends and interest from securities... 2,882,512 2,750,666  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,894,588
b Gross sales price for all assets on line 6a 16,170,542
7 Capital gain net income (from Part IV, line 2)... 2,633,237
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 50,000 1,703  
12 Total. Add lines 1 through 11........ 55,799,955 5,614,304  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 62,500 62,500   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 158,849 151,179   7,670
b Accounting fees (attach schedule)....... Click to see attachment 12,620 6,310   6,310
c Other professional fees (attach schedule).... Click to see attachment 1,927,928 1,253,204   0
17 Interest...............   13,090    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 76,531 88,579   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 122,754 10,492   112,262
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,361,182 1,585,354   126,242
25 Contributions, gifts, grants paid....... 13,152,190 13,152,190
26 Total expenses and disbursements. Add lines 24 and 25 15,513,372 1,585,354   13,278,432
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 40,286,583
b Net investment income (if negative, enter -0-) 4,028,950
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 19,900,893 10,825,066 10,825,066
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 130,134,296 Click to see attachment188,874,004 188,874,004
c Investments—corporate bonds (attach schedule)....... 15,561,336 Click to see attachment16,294,526 16,294,526
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,246,081 Click to see attachment13,917,987 13,917,987
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 168,842,606 229,911,583 229,911,583
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 3,500  
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 3,500 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 168,839,106 229,911,583
29 Total net assets or fund balances (see instructions)..... 168,839,106 229,911,583
30 Total liabilities and net assets/fund balances (see instructions). 168,842,606 229,911,583
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
168,839,106
2
Enter amount from Part I, line 27a .....................
2
40,286,583
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
20,785,894
4
Add lines 1, 2, and 3 ..........................
4
229,911,583
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
229,911,583
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - SHORT TERM      
b PUBLICLY TRADED SECURITIES - LONG TERM      
c K-1 LINE 8 NET SHORT-TERM CAPITAL GAIN P    
d PUBLICLY TRADED SECURITIES      
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,000,000   5,000,000 0
b 11,039,506   8,537,305 2,502,201
c 131,036     131,036
d       0
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       0
b       2,502,201
c       131,036
d       0
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,633,237
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 56,002
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 56,002
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 56,002
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 25,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 80,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 105,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 310
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 48,688
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet48,688 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRENEE F BISCIOTTI CO POINT FIELD Telephone no.bullet (667) 260-2246

    Located atbullet1101 RUSSELL STREETBALTIMOREMD ZIP+4bullet21230
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RENEE F BISCIOTTI PRESIDENT, TREASURER & SECRETARY
    0.01     		0 0 0
    1101 RUSSELL STREET
    BALTIMORE,MD21230
    STEPHEN J BISCIOTTI DIRECTOR
    0.01     		0 0 0
    1101 RUSSELL STREET
    BALTIMORE,MD21230
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    EMILY ENGLISH VENTURE PARTNER
    40.00     		62,500 1,250 0
    1101 RUSSELL STREET
    BALTIMORE,MD21230
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    POINT FIELD PARTNERS HOLDING COMPANY LLC INVESTMENT CONSULTING 527,623
    1101 RUSSELL STREET
    BALTIMORE,MD21230
    MARQUETTEASSOCIATES INVESTMENT CONSULTING 119,132
    1312 BELLONA AVE STE 300
    LUTHERVILLE,MD21093
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 CONTRIBUTION OF 315 MEALS TO THE JUPITER ISLAND PUBLIC SAFETY DEPARTMENT IN ORDER TO SUPPORT THE DEPARTMENT'S FIRST RESPONDERS AND TO SHOW APPRECIATION AND THANKS. 6,300
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 A LOAN AWARDED TO AIGNE, LLC TO BE USED TO MANUFACTURE MEDICAL FACE MASKS FOR USE IN FIGHTING THE NOVEL CORONAVIRUS (COVID-19) OUTBREAK. 100,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet100,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    139,653,559
    b
    Average of monthly cash balances.......................
    1b
    13,282,809
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,231,306
    d
    Total (add lines 1a, b, and c).........................
    1d
    160,167,674
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    160,167,674
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,402,515
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    157,765,159
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,888,258
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    7,888,258
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    56,002
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    56,002
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,832,256
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    50,000
    5
    Add lines 3 and 4............................
    5
    7,882,256
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    7,882,256
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    13,278,432
    b
    Program-related investments—total from Part IX-B..................
    1b
    100,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    13,378,432
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    13,378,432
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 7,882,256
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,096,859
    b From 2016...... 1,887,684
    c From 2017...... 2,722,132
    d From 2018......  
    e From 2019...... 2,618,321
    fTotal of lines 3a through e........ 9,324,996
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 13,378,432
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 7,882,256
    e Remaining amount distributed out of corpus 5,496,176
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 14,821,172
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,096,859
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		12,724,313
    10 Analysis of line 9:
    a Excess from 2016.... 1,887,684
    b Excess from 2017.... 2,722,132
    c Excess from 2018....  
    d Excess from 2019.... 2,618,321
    e Excess from 2020.... 5,496,176
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    RENEE F BISCIOTTI
    STEPHEN J BISCIOTTI
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    1012 SPORTS INC
    33 S CALHOUN STREET
    BALTIMORE,MD21223     		  PC SOCIAL JUSTICE 25,000
    100 BLACK MEN OF MARYLAND INC
    4413 LIBERTY HEIGHTS AVE
    GWYNN OAK,MD21207     		  PC SOCIAL JUSTICE 25,000
    ABACO RESCUE FUND
    2 SAN DIEGO ROAD
    PONTE VEDRA BEACH,FL32082     		  PC HURRICANE DORIAN RELIEF 20,000
    ALL IN CHALLENGE FOUNDATION
    8100 NATIONAS WAY
    JACKSONVILLE,FL32256     		  PC COVID 19 RELIEF 500,000
    ALL IN CHALLENGE FOUNDATION
    8100 NATIONAS WAY
    JACKSONVILLE,FL32256     		  PC COVID 19 RELIEF 100,000
    AMERICAN COMMUNITIES TRUST INC
    PO BOX 50160
    BALTIMORE,MD21211     		  PC SOCIAL JUSTICE 38,500
    AMERICAN LEGION POST #175
    832 MANHATTAN BEACH ROAD
    SEVERNA PARK,MD21146     		  NC GOLD STAR MEMORIAL 15,000
    ANNAPOLIS & ANNE ARUNDEL COUNTY SCHOLARSHIP TRUST CORPORATION
    1783 FOREST DRIVE 341
    ANNAPOLIS,MD21401     		  PC SCHOLARSHIPS FOR AA CO RESIDENTS 10,000
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC LEADERSHIP BREAKFAST 250,000
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC HEAD START 250,000
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC COVID 19 RECOVERY AND SOCIAL JUSTICE DEVELOPMENT PROGRAMS IN BALTIMORE CITY AND NINE MARYLAND COUNTIES 4,500,000
    B360
    C/O FUSION PARTNERSHIPS INC 1601
    GUILFORD AVE 2 SOUTH
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    BALTIMORE ACTION LEGAL TEAM
    C/O FUSION PARTNERSHIPS INC 1601
    GUILFORD AVE 2 SOUTH
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    BALTIMORE CHESAPEAKE BAY OUTWARD BOUND SCHOOL INC
    1900 EAGLE DRIVE
    BALTIMORE,MD21207     		  PC SOCIAL JUSTICE 25,000
    BALTIMORE COMMUNITY FOUNDATION INC
    11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC COVID 19 RELIEF 175,000
    BALTIMORE COMMUNITY FOUNDATION INC
    11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC CIVIC LEADERSHIP FUND 40,000
    BLACK WOMEN BUILD - BALTIMORE INC
    PO BOX 16564
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY
    121 S VILLA AVE
    ANNAPOLIS,MD21401     		  PC AFTER SCHOOL PROGRAMS 75,000
    BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY
    121 S VILLA AVE
    ANNAPOLIS,MD21401     		  PC YOUTH OF THE YEAR CAMPAIGN 60,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 1,000,000
    BTST CARES INC
    1900 N HOWARD STREET SUITE 300
    BALTIMORE,MD21218     		  PC SOCIAL JUSTICE 25,000
    CAL RIPKEN SR FOUNDATION INC
    PO BOX 825452
    PHILADELPHIA,PA19182     		  PC 100TH PARK CAMPAIGN 50,000
    CASEY CARES FOUNDATION
    7100 COLUMBIA GATEWAY DRIVE 155
    COLUMBIA,MD21046     		  PC BENEFITS CRITICALLY OR TERMINALLY ILL CHILDREN. 25,000
    CASEY CARES FOUNDATION
    7100 COLUMBIA GATEWAY DRIVE 155
    COLUMBIA,MD21046     		  PC COVID 19 RELIEF 25,000
    CENTER FOR URBAN FAMILIES INC
    2201 N MONROE STREET
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    CHALLENGE 2 CHANGE
    C/O FUSION PARTNERSHIPS INC 1601
    GUILFORD AVE 2 SOUTH
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    CHILDREN'S HOME SOCIETY OF WEST VIRGINIA
    PO BOX 2942 1422 KANAWHA BLVD EAST
    CHARLESTON,WV25330     		  PC GENERAL/UNRESTRICTED 5,000
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE
    1000 ST PAUL ST
    BALTIMORE,MD21202     		  PC SCHOLARSHIPS - K THROUGH 8. 40,000
    COMMUNITY LAW IN ACTION
    520 W FAYETTE STREET SUITE 140
    BALTIMORE,MD21201     		  PC SOCIAL JUSTICE 25,000
    COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION INC
    2500 W NORTH AVE
    BALTIMORE,MD21216     		  NC MEN'S BASKETBALL PROGRAM 100,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21230     		  NC GENERAL/UNRESTRICTED 50,000
    DENT EDUCATION INC
    10 E NORTH AVE SUITE 5
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    FAMILY LEAGUE OF BALTIMORE CITY INC
    2305 N CHARLES ST SUITE 200
    BALTIMORE,MD21218     		  PC SOCIAL JUSTICE 25,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO64129     		  NC SOCIAL JUSTICE 25,000
    FIRST FRUITS FARM INC
    20431 MIDDLETOWN ROAD
    FREELAND,MD21053     		  PC COVID 19 RELIEF 25,000
    FIRST FRUITS FARM INC
    20431 MIDDLETOWN ROAD
    FREELAND,MD21053     		  PC ENDOWMENT 500,000
    FRANCISCAN CENTER
    101 W 23RD STREET
    BALTIMORE,MD21218     		  PC COVID 19 RELIEF 10,000
    FUND FOR EDUCATIONAL EXCELLENCE INC
    800 N CHARLES ST SUITE 400
    BALTIMORE,MD21201     		  PC COVID 19 RELIEF 175,000
    FUND FOR EDUCATIONAL EXCELLENCE INC
    800 N CHARLES ST SUITE 400
    BALTIMORE,MD21201     		  PC SOCIAL JUSTICE 25,000
    GIDEON'S PROMISE INC
    101 MARIETTA STREET NW SUITE 250
    ATLANTA,GA30303     		  PC SOCIAL JUSTICE 25,000
    GILCHRIST HOSPICE CARE INC
    11311 MCCORMICK ROAD SUITE 350
    HUNT VALLEY,MD21031     		  PC HOSPICE FUNDRAISER 10,000
    GOUCHER COLLEGE
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		  PC GENERAL/UNRESTRICTED 10,000
    GREEN STREET ACADEMY INC
    125 N HILTON ST
    BALTIMORE,MD21229     		  PC INNOVATION CENTER 200,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE
    3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21209     		  PC HABICORPS PROGRAM 200,000
    HILTON VILLAGE BAPTIST CHURCH
    68 HIGH CIR DR
    OAK HILL,WV25901     		  NC GENERAL/UNRESTRICTED 5,000
    HOSPICE OF THE CHESAPEAKE
    90 RITCHIE HWY
    PASADENA,MD21122     		  PC GENERAL/UNRESTRICTED 5,000
    HOUSE OF RUTH MARYLAND INC
    2201 ARGONNE DR
    BALTIMORE,MD21218     		  PC GENERAL/UNRESTRICTED 25,000
    HOWARD HOSPITAL FOUNDATION
    5755 CEDAR LANE
    COLUMBIA,MD21044     		  NC HEROES IN HEALTH CARE FUNDRAISER 3,000
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD N4327-B
    BALTIMORE,MD21211     		  NC BISCIOTTI FOUNDATION TRANSLATIONAL FUND 549,900
    JUPITER MEDICAL CENTER FOUNDATION INC
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC COVID 19 RELIEF 50,000
    JUPITER MEDICAL CENTER FOUNDATION INC
    1211 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC ANDERSON FAMILY CANCER INSTITUTE 200,000
    KENNEDY KRIEGER FOUNDATION INC
    707 N BROADWAY
    BALTIMORE,MD21205     		  PC HATS AND HORSES FUNDRAISER 50,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC COVID 19 RELIEF 25,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC GENERAL/UNRESTRICTED 200,000
    LOYOLA UNIVERSITY MARYLAND INC
    4501 N CHARLES ST
    BALTIMORE,MD21210     		  PC SCHOOL OF EDUCATION - DEAN'S DISCRETIONARY FUND 20,000
    MARYLAND FOOD BANK
    2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		  PC COVID 19 RELIEF 175,000
    MARYLAND FOOD BANK
    2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		  PC COVID 19 RELIEF 1,000,000
    MARYLAND SPCA INC
    3300 FALLS RD
    BALTIMORE,MD21211     		  PC COVID 19 RELIEF 50,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP
    201 SOUTH ST
    BOSTON,MA02111     		  PC SPLIT BETWEEN MARYLAND MENTOR AND NATIONAL MENTOR; GENERAL 150,000
    MENTORING MENTORS INC
    PO BOX 67021
    BALTIMORE,MD21215     		  PC SOCIAL JUSTICE 25,000
    MOTHER SETON ACADEMY
    2215 GREENMOUNT AVE
    BALTIMORE,MD21218     		  PC SCHOLARSHIPS 50,000
    NEXT ONE UP FOUNDATION INC
    PO BOX 22503
    BALTIMORE,MD21203     		  PC SOCIAL JUSTICE 25,000
    NO BOUNDRIES COALITION INC
    1808 PENNSYLVANIA AVE
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    OUT FOR JUSTICE INC
    1400 EAST FEDERAL
    BALTIMORE,MD21213     		  PC SOCIAL JUSTICE 25,000
    PEACEPLAYERS INTERNATIONAL
    1200 NEW HAMPSHIRE AVE NW SUITE 875
    WASHINGTON,DC20036     		  PC SOCIAL JUSTICE 25,000
    PHILANTHROPY TANK INC
    120 S OLIVE AVE SUITE 300
    WEST PALM BEACH,FL33401     		  PC SUPPORT ONGOING OPERATIONS 25,000
    ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE
    320 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC MOTHER MARY LANGE SCHOOL - ARCHDIOCESE OF BALTIMORE 250,000
    SAFE ALTERNATIVE FOUNDATION FOR EDUCATION INC
    1214 W LEXINGTON ST
    BALTIMORE,MD21223     		  PC SOCIAL JUSTICE 25,000
    SEVERN RIVER LIONS CLUB
    PO BOX 118
    SEVERNA PARK,MD21146     		  NC FRUIT CONTRIBUTION TO SPAN, A 501(C)(3) 1,670
    SEVERN RIVER LIONS CLUB
    PO BOX 118
    SEVERNA PARK,MD21146     		  NC FRUIT CONTRIBUTION TO SPAN, A 501(C)(3) 580
    SPAN INC
    400 BENFIELD RD
    SEVERNA PARK,MD21146     		  PC GENERAL/UNRESTRICTED 5,000
    SPCA OF ANNE ARUNDEL COUNTY
    1815 BAY RIDGE AVE
    ANNAPOLIS,MD21403     		  PC GENERAL/UNRESTRICTED 2,500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    4600 FAIRFAX DR 900
    ARLINGTON,VA22203     		  NC RUN RICH RUN FUNDRAISER 100,000
    ST FRANCIS NEIGHBORHOOD CENTER CORP
    2405 LINDEN AVE
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    TEACH FOR AMERICA
    2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC BALTIMORE FUTURE FUND 250,000
    THE EVERGLADES FOUNDATION
    18001 OLD CUTLER ROAD SUITE 625
    PALMETTO BAY,FL33157     		  PC GENERAL/UNRESTRICTED 5,000
    THE SEED SCHOOL OF MARYLAND INC
    200 FONT HILL AVENEUE
    BALTIMORE,MD21223     		  PC ANNUAL SENIOR DINNER FUNDRAISER 100,000
    THE ST PAUL'S SCHOOLS
    11152 FALLS ROAD
    BROOKLANDVILLE,MD21022     		  PC SOCIAL JUSTICE 25,000
    THE SUMMIT SCHOOL
    664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC THE CAMPAIGN FOR SUMMIT 200,000
    THE SUMMIT SCHOOL
    664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC SCHOLARSHIPS 25,000
    THE URBAN ALLIANCE FOUNDATION INC
    2030 Q STREET NW
    WASHINGTON,DC20009     		  PC SOCIAL JUSTICE 25,000
    THE Y IN CENTRAL MARYLAND
    303 WEST CHESAPEAKE AVE
    BALTIMORE,MD21204     		  PC SOCIAL JUSTICE 25,000
    THREAD INC
    PO BOX 1584
    BALTIMORE,MD21203     		  PC SOCIAL JUSTICE 25,000
    UNITED WAY OF CENTRAL MARYLAND INC
    1800 WASHINGTON BLVD SUITE 340
    BALTIMORE,MD21230     		  PC COVID 19 RELIEF 175,000
    VEHICLES FOR CHANGE INC
    4111 WASHINGTON BLVD
    HALETHORPE,MD21227     		  PC SOCIAL JUSTICE 25,000
    YOUTH LEADERSHIP FOUNDATION
    1015 15TH ST NW
    WASHINGTON,DC20005     		  PC GENERAL/UNRESTRICTED 5,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 316,040
    Total .................................bullet 3a 13,152,190
    bApproved for future payment
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC HEAD START 500,000
    BALTIMORE COMMUNITY FOUNDATION INC
    11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC CIVIC LEADERSHIP FUND 160,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 3,000,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21230     		  NC GENERAL/UNRESTRICTED 150,000
    GOUCHER COLLEGE
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		  PC GENERAL/UNRESTRICTED 20,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE
    3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21209     		  PC HABICORPS PROGRAM 800,000
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD N4327-B
    BALTIMORE,MD21211     		  NC BISCIOTTI FOUNDATION TRANSLATIONAL FUND 1,099,800
    JUPITER MEDICAL CENTER FOUNDATION INC
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC ANDERSON FAMILY CANCER INSTITUTE 200,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC GENERAL/UNRESTRICTED 400,000
    LOYOLA UNIVERSITY MARYLAND
    4501 N CHARLES ST
    BALTIMORE,MD21210     		  PC SCHOOL OF EDUCATION - DEAN'S DISCRETIONARY FUND 80,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP
    201 SOUTH ST
    BOSTON,MA02111     		  PC SPLIT BETWEEN MARYLAND MENTOR AND NATIONAL MENTOR; GENERAL 750,000
    ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE
    320 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC MOTHER MARY LANGE SCHOOL - ARCHDIOCESE OF BALTIMORE 250,000
    TEACH FOR AMERICA
    2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC BALTIMORE FUTURE FUND 250,000
    THE SUMMIT SCHOOL
    664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC THE CAMPAIGN FOR SUMMIT 400,000
    Total .................................bullet 3b 8,059,800
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 12,527  
    4 Dividends and interest from securities....     14 2,882,512  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,894,588  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aREFUNDED PROGRAM-RELATED INVESTMENT     		        50,000
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 5,789,627 50,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,839,627
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11A RETURN OF PROGRAM RELATED INVESTMENT
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
    Yes
     
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    1b(2) 2,250 SEVERN RIVER LIONS CLUB PURCHASE OF FRUIT THAT LATER WAS GRANTED TO SPAN, INC. TO SUPPORT ITS CHARITABLE PROGRAM OF PROVIDING FOOD TO THE HUNGRY
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    1012 SPORTS INC33 S CALHOUN STREET
    BALTIMORE,MD21223     		  PC SOCIAL JUSTICE 25,000
    100 BLACK MEN OF MARYLAND INC4413 LIBERTY HEIGHTS AVE
    GWYNN OAK,MD21207     		  PC SOCIAL JUSTICE 25,000
    ABACO RESCUE FUND2 SAN DIEGO ROAD
    PONTE VEDRA BEACH,FL32082     		  PC HURRICANE DORIAN RELIEF 20,000
    ALL IN CHALLENGE FOUNDATION8100 NATIONAS WAY
    JACKSONVILLE,FL32256     		  PC COVID 19 RELIEF 500,000
    ALL IN CHALLENGE FOUNDATION8100 NATIONAS WAY
    JACKSONVILLE,FL32256     		  PC COVID 19 RELIEF 100,000
    AMERICAN COMMUNITIES TRUST INCPO BOX 50160
    BALTIMORE,MD21211     		  PC SOCIAL JUSTICE 38,500
    AMERICAN LEGION POST #175832 MANHATTAN BEACH ROAD
    SEVERNA PARK,MD21146     		  NC GOLD STAR MEMORIAL 15,000
    ANNAPOLIS & ANNE ARUNDEL COUNTY SCHOLARSHIP TRUST CORPORATION1783 FOREST DRIVE 341
    ANNAPOLIS,MD21401     		  PC SCHOLARSHIPS FOR AA CO RESIDENTS 10,000
    ASSOCIATED CATHOLIC CHARITIES INC2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC LEADERSHIP BREAKFAST 250,000
    ASSOCIATED CATHOLIC CHARITIES INC2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC HEAD START 250,000
    ASSOCIATED CATHOLIC CHARITIES INC2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC COVID 19 RECOVERY AND SOCIAL JUSTICE DEVELOPMENT PROGRAMS IN BALTIMORE CITY AND NINE MARYLAND COUNTIES 4,500,000
    B360C/O FUSION PARTNERSHIPS INC 1601
    GUILFORD AVE 2 SOUTH
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    BALTIMORE ACTION LEGAL TEAMC/O FUSION PARTNERSHIPS INC 1601
    GUILFORD AVE 2 SOUTH
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    BALTIMORE CHESAPEAKE BAY OUTWARD BOUND SCHOOL INC1900 EAGLE DRIVE
    BALTIMORE,MD21207     		  PC SOCIAL JUSTICE 25,000
    BALTIMORE COMMUNITY FOUNDATION INC11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC COVID 19 RELIEF 175,000
    BALTIMORE COMMUNITY FOUNDATION INC11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC CIVIC LEADERSHIP FUND 40,000
    BLACK WOMEN BUILD - BALTIMORE INCPO BOX 16564
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY121 S VILLA AVE
    ANNAPOLIS,MD21401     		  PC AFTER SCHOOL PROGRAMS 75,000
    BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY121 S VILLA AVE
    ANNAPOLIS,MD21401     		  PC YOUTH OF THE YEAR CAMPAIGN 60,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 1,000,000
    BTST CARES INC1900 N HOWARD STREET SUITE 300
    BALTIMORE,MD21218     		  PC SOCIAL JUSTICE 25,000
    CAL RIPKEN SR FOUNDATION INCPO BOX 825452
    PHILADELPHIA,PA19182     		  PC 100TH PARK CAMPAIGN 50,000
    CASEY CARES FOUNDATION7100 COLUMBIA GATEWAY DRIVE 155
    COLUMBIA,MD21046     		  PC BENEFITS CRITICALLY OR TERMINALLY ILL CHILDREN. 25,000
    CASEY CARES FOUNDATION7100 COLUMBIA GATEWAY DRIVE 155
    COLUMBIA,MD21046     		  PC COVID 19 RELIEF 25,000
    CENTER FOR URBAN FAMILIES INC2201 N MONROE STREET
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    CHALLENGE 2 CHANGEC/O FUSION PARTNERSHIPS INC 1601
    GUILFORD AVE 2 SOUTH
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    CHILDREN'S HOME SOCIETY OF WEST VIRGINIAPO BOX 2942 1422 KANAWHA BLVD EAST
    CHARLESTON,WV25330     		  PC GENERAL/UNRESTRICTED 5,000
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE1000 ST PAUL ST
    BALTIMORE,MD21202     		  PC SCHOLARSHIPS - K THROUGH 8. 40,000
    COMMUNITY LAW IN ACTION520 W FAYETTE STREET SUITE 140
    BALTIMORE,MD21201     		  PC SOCIAL JUSTICE 25,000
    COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION INC2500 W NORTH AVE
    BALTIMORE,MD21216     		  NC MEN'S BASKETBALL PROGRAM 100,000
    CRISTO REY JESUIT HIGH SCHOOL420 S CHESTER ST
    BALTIMORE,MD21230     		  NC GENERAL/UNRESTRICTED 50,000
    DENT EDUCATION INC10 E NORTH AVE SUITE 5
    BALTIMORE,MD21202     		  PC SOCIAL JUSTICE 25,000
    FAMILY LEAGUE OF BALTIMORE CITY INC2305 N CHARLES ST SUITE 200
    BALTIMORE,MD21218     		  PC SOCIAL JUSTICE 25,000
    FELLOWSHIP OF CHRISTIAN ATHLETES8701 LEEDS ROAD
    KANSAS CITY,MO64129     		  NC SOCIAL JUSTICE 25,000
    FIRST FRUITS FARM INC20431 MIDDLETOWN ROAD
    FREELAND,MD21053     		  PC COVID 19 RELIEF 25,000
    FIRST FRUITS FARM INC20431 MIDDLETOWN ROAD
    FREELAND,MD21053     		  PC ENDOWMENT 500,000
    FRANCISCAN CENTER101 W 23RD STREET
    BALTIMORE,MD21218     		  PC COVID 19 RELIEF 10,000
    FUND FOR EDUCATIONAL EXCELLENCE INC800 N CHARLES ST SUITE 400
    BALTIMORE,MD21201     		  PC COVID 19 RELIEF 175,000
    FUND FOR EDUCATIONAL EXCELLENCE INC800 N CHARLES ST SUITE 400
    BALTIMORE,MD21201     		  PC SOCIAL JUSTICE 25,000
    GIDEON'S PROMISE INC101 MARIETTA STREET NW SUITE 250
    ATLANTA,GA30303     		  PC SOCIAL JUSTICE 25,000
    GILCHRIST HOSPICE CARE INC11311 MCCORMICK ROAD SUITE 350
    HUNT VALLEY,MD21031     		  PC HOSPICE FUNDRAISER 10,000
    GOUCHER COLLEGE1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		  PC GENERAL/UNRESTRICTED 10,000
    GREEN STREET ACADEMY INC125 N HILTON ST
    BALTIMORE,MD21229     		  PC INNOVATION CENTER 200,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21209     		  PC HABICORPS PROGRAM 200,000
    HILTON VILLAGE BAPTIST CHURCH68 HIGH CIR DR
    OAK HILL,WV25901     		  NC GENERAL/UNRESTRICTED 5,000
    HOSPICE OF THE CHESAPEAKE90 RITCHIE HWY
    PASADENA,MD21122     		  PC GENERAL/UNRESTRICTED 5,000
    HOUSE OF RUTH MARYLAND INC2201 ARGONNE DR
    BALTIMORE,MD21218     		  PC GENERAL/UNRESTRICTED 25,000
    HOWARD HOSPITAL FOUNDATION5755 CEDAR LANE
    COLUMBIA,MD21044     		  NC HEROES IN HEALTH CARE FUNDRAISER 3,000
    JOHNS HOPKINS UNIVERSITY3910 KESWICK ROAD N4327-B
    BALTIMORE,MD21211     		  NC BISCIOTTI FOUNDATION TRANSLATIONAL FUND 549,900
    JUPITER MEDICAL CENTER FOUNDATION INC1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC COVID 19 RELIEF 50,000
    JUPITER MEDICAL CENTER FOUNDATION INC1211 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC ANDERSON FAMILY CANCER INSTITUTE 200,000
    KENNEDY KRIEGER FOUNDATION INC707 N BROADWAY
    BALTIMORE,MD21205     		  PC HATS AND HORSES FUNDRAISER 50,000
    LIVING CLASSROOMS FOUNDATION INC802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC COVID 19 RELIEF 25,000
    LIVING CLASSROOMS FOUNDATION INC802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC GENERAL/UNRESTRICTED 200,000
    LOYOLA UNIVERSITY MARYLAND INC4501 N CHARLES ST
    BALTIMORE,MD21210     		  PC SCHOOL OF EDUCATION - DEAN'S DISCRETIONARY FUND 20,000
    MARYLAND FOOD BANK2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		  PC COVID 19 RELIEF 175,000
    MARYLAND FOOD BANK2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		  PC COVID 19 RELIEF 1,000,000
    MARYLAND SPCA INC3300 FALLS RD
    BALTIMORE,MD21211     		  PC COVID 19 RELIEF 50,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP201 SOUTH ST
    BOSTON,MA02111     		  PC SPLIT BETWEEN MARYLAND MENTOR AND NATIONAL MENTOR; GENERAL 150,000
    MENTORING MENTORS INCPO BOX 67021
    BALTIMORE,MD21215     		  PC SOCIAL JUSTICE 25,000
    MOTHER SETON ACADEMY2215 GREENMOUNT AVE
    BALTIMORE,MD21218     		  PC SCHOLARSHIPS 50,000
    NEXT ONE UP FOUNDATION INCPO BOX 22503
    BALTIMORE,MD21203     		  PC SOCIAL JUSTICE 25,000
    NO BOUNDRIES COALITION INC1808 PENNSYLVANIA AVE
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    OUT FOR JUSTICE INC1400 EAST FEDERAL
    BALTIMORE,MD21213     		  PC SOCIAL JUSTICE 25,000
    PEACEPLAYERS INTERNATIONAL1200 NEW HAMPSHIRE AVE NW SUITE 875
    WASHINGTON,DC20036     		  PC SOCIAL JUSTICE 25,000
    PHILANTHROPY TANK INC120 S OLIVE AVE SUITE 300
    WEST PALM BEACH,FL33401     		  PC SUPPORT ONGOING OPERATIONS 25,000
    ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE320 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC MOTHER MARY LANGE SCHOOL - ARCHDIOCESE OF BALTIMORE 250,000
    SAFE ALTERNATIVE FOUNDATION FOR EDUCATION INC1214 W LEXINGTON ST
    BALTIMORE,MD21223     		  PC SOCIAL JUSTICE 25,000
    SEVERN RIVER LIONS CLUBPO BOX 118
    SEVERNA PARK,MD21146     		  NC FRUIT CONTRIBUTION TO SPAN, A 501(C)(3) 1,670
    SEVERN RIVER LIONS CLUBPO BOX 118
    SEVERNA PARK,MD21146     		  NC FRUIT CONTRIBUTION TO SPAN, A 501(C)(3) 580
    SPAN INC400 BENFIELD RD
    SEVERNA PARK,MD21146     		  PC GENERAL/UNRESTRICTED 5,000
    SPCA OF ANNE ARUNDEL COUNTY1815 BAY RIDGE AVE
    ANNAPOLIS,MD21403     		  PC GENERAL/UNRESTRICTED 2,500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL4600 FAIRFAX DR 900
    ARLINGTON,VA22203     		  NC RUN RICH RUN FUNDRAISER 100,000
    ST FRANCIS NEIGHBORHOOD CENTER CORP2405 LINDEN AVE
    BALTIMORE,MD21217     		  PC SOCIAL JUSTICE 25,000
    TEACH FOR AMERICA2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC BALTIMORE FUTURE FUND 250,000
    THE EVERGLADES FOUNDATION18001 OLD CUTLER ROAD SUITE 625
    PALMETTO BAY,FL33157     		  PC GENERAL/UNRESTRICTED 5,000
    THE SEED SCHOOL OF MARYLAND INC200 FONT HILL AVENEUE
    BALTIMORE,MD21223     		  PC ANNUAL SENIOR DINNER FUNDRAISER 100,000
    THE ST PAUL'S SCHOOLS11152 FALLS ROAD
    BROOKLANDVILLE,MD21022     		  PC SOCIAL JUSTICE 25,000
    THE SUMMIT SCHOOL664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC THE CAMPAIGN FOR SUMMIT 200,000
    THE SUMMIT SCHOOL664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC SCHOLARSHIPS 25,000
    THE URBAN ALLIANCE FOUNDATION INC2030 Q STREET NW
    WASHINGTON,DC20009     		  PC SOCIAL JUSTICE 25,000
    THE Y IN CENTRAL MARYLAND303 WEST CHESAPEAKE AVE
    BALTIMORE,MD21204     		  PC SOCIAL JUSTICE 25,000
    THREAD INCPO BOX 1584
    BALTIMORE,MD21203     		  PC SOCIAL JUSTICE 25,000
    UNITED WAY OF CENTRAL MARYLAND INC1800 WASHINGTON BLVD SUITE 340
    BALTIMORE,MD21230     		  PC COVID 19 RELIEF 175,000
    VEHICLES FOR CHANGE INC4111 WASHINGTON BLVD
    HALETHORPE,MD21227     		  PC SOCIAL JUSTICE 25,000
    YOUTH LEADERSHIP FOUNDATION1015 15TH ST NW
    WASHINGTON,DC20005     		  PC GENERAL/UNRESTRICTED 5,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 316,040
    Total ...............................bullet 3a 13,152,190
    bApproved for future payment
    ASSOCIATED CATHOLIC CHARITIES INC2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC HEAD START 500,000
    BALTIMORE COMMUNITY FOUNDATION INC11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC CIVIC LEADERSHIP FUND 160,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 3,000,000
    CRISTO REY JESUIT HIGH SCHOOL420 S CHESTER ST
    BALTIMORE,MD21230     		  NC GENERAL/UNRESTRICTED 150,000
    GOUCHER COLLEGE1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		  PC GENERAL/UNRESTRICTED 20,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21209     		  PC HABICORPS PROGRAM 800,000
    JOHNS HOPKINS UNIVERSITY3910 KESWICK ROAD N4327-B
    BALTIMORE,MD21211     		  NC BISCIOTTI FOUNDATION TRANSLATIONAL FUND 1,099,800
    JUPITER MEDICAL CENTER FOUNDATION INC1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC ANDERSON FAMILY CANCER INSTITUTE 200,000
    LIVING CLASSROOMS FOUNDATION INC802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC GENERAL/UNRESTRICTED 400,000
    LOYOLA UNIVERSITY MARYLAND4501 N CHARLES ST
    BALTIMORE,MD21210     		  PC SCHOOL OF EDUCATION - DEAN'S DISCRETIONARY FUND 80,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP201 SOUTH ST
    BOSTON,MA02111     		  PC SPLIT BETWEEN MARYLAND MENTOR AND NATIONAL MENTOR; GENERAL 750,000
    ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE320 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC MOTHER MARY LANGE SCHOOL - ARCHDIOCESE OF BALTIMORE 250,000
    TEACH FOR AMERICA2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC BALTIMORE FUTURE FUND 250,000
    THE SUMMIT SCHOOL664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC THE CAMPAIGN FOR SUMMIT 400,000
    Total ................................bullet 3b 8,059,800
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
     
    Employer identification number

    52-2352678
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
          		Employer identification number
    52-2352678
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    STEPHEN AND RENEE BISCIOTTI
    1101 RUSSELL ST
     
    BALTIMORE, MD21230

    		$ 49,960,328


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
          		Employer identification number

    52-2352678
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 283,511 SHARES OF VEU AND 173,687 SHARES OF VTI $ 49,960,328 2020-12-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
          		Employer identification number

    52-2352678
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 12,620 6,310   6,310

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NT #2526: 1,499,036.39 SHS - MFO VANGUARD BD INDEX FDS SHORT-TERM BD INDEX 16,294,526 16,294,526

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NT #2526: 637,901 SHS - MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF 124,161,051 124,161,051
    NT #2526: 1,108,858 SHS - MFC VANGUARD INTL EQUITY INDEX FDS 64,712,953 64,712,953

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BALTIMORE VENTURE PARTNERS FMV 1,626,503 1,626,503
    BLUE DELTA CAPITAL FUND II LP FMV 272,076 272,076
    CONSCIOUS VENTURE FUND I LP FMV 497,444 497,444
    GREENSPRING OPPORTUNITIES VI LP FMV 1,824,624 1,824,624
    HATTERAS VENTURE PARTNERS VI LP FMV 4,765,993 4,765,993
    NEXTGEN VENTURES FUND II LP FMV 396,388 396,388
    PARKWAY CAPITAL II LP FMV 928,017 928,017
    PROPEL BALTIMORE FUND II LP FMV 1,151,389 1,151,389
    RESOLVE GROWTH PARTNERS FUND I LP FMV 1,542,109 1,542,109
    RISE OF THE REST SEED FUND II LP FMV 202,541 202,541
    SQUADRA VENTURES LP FMV 616,795 616,795
    THE LEGALTECH FUND I, LP FMV 94,108 94,108

    TY 2020 LegalFeesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 158,849 151,179   7,670


    TY 2020 OtherExpensesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES AND FEES 4,796 185   4,611
    DUES AND SUBSCRIPTIONS 1,074 1,074   0
    EDUCATION/TRAINING 90 90   0
    PAYROLL EXPENSES 6,435 6,435   0
    UTILITY EXPENSES 108 108   0
    POSTAGE AND SHIPPING 932 22   910
    OFFICE SUPPLIES/SOFTWARE 3,019 2,578   441
    PROGRAM EXPENSES - MEALS DISTRIBUTION (BOYS AND GIRLS CLUBS OF MARTIN COUNTY 0 0   0
    PROGRAM EXPENSES - MEALS DISTRIBUTION (JIPD) 6,300 0   6,300
    PROGRAM EXPENSES - EXPENDITURE RESPONSIBILITY LOAN 100,000 0   100,000


    TY 2020 OtherIncomeSchedule2
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 LINE 4 GUARANTEED PAYMENTS 0 1,827 0
    K-1 LINE 10 1231 GAIN/LOSS 0 -124 0
    REFUNDED PROGRAM-RELATED INVESTMENT 50,000   50,000


    TY 2020 OtherIncreasesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Description Amount
    OTHER INCREASE 20,785,894


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CONSULTING FEES 646,755 646,755   0
    INVESTMENT MANAGEMENT FEES FROM FORM 1099 0 42,600   0
    PARTNERSHIP PASSTHROUGH - PORTFOLIO DEDUCTIONS 1,243,348 563,849   0
    NT CUSTODY FEES 37,825 0   0


    TY 2020 TaxesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 76,531 0   0
    FOREIGN TAXES PAID 0 88,579   0