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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$306,093,502J 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) 50,168,988
2 Check bullet.............
3 Interest on savings and temporary cash investments   202,255  
4 Dividends and interest from securities... 3,724,813 3,700,806  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,842,694
b Gross sales price for all assets on line 6a 42,268,764
7 Capital gain net income (from Part IV, line 2)... 13,081,492
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 0 -33,559  
12 Total. Add lines 1 through 11........ 66,736,495 16,950,994  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 41,923 41,923   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 93,456 85,824   7,632
b Accounting fees (attach schedule)....... Click to see attachment 69,650 34,825   34,825
c Other professional fees (attach schedule).... Click to see attachment 1,033,572 2,052,831   0
17 Interest...............   17,261    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 220,286 151,076   603
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 7,836 6,450   1,385
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,466,723 2,390,190   44,445
25 Contributions, gifts, grants paid....... 7,076,937 7,076,937
26 Total expenses and disbursements. Add lines 24 and 25 8,543,660 2,390,190   7,121,382
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 58,192,835
b Net investment income (if negative, enter -0-) 14,560,804
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 10,825,066 23,533,971 23,533,971
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)....... 188,874,004 Click to see attachment224,887,012 224,887,012
c Investments—corporate bonds (attach schedule)....... 16,294,526 Click to see attachment22,671,168 22,671,168
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,917,987 Click to see attachment35,001,351 35,001,351
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) 229,911,583 306,093,502 306,093,502
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
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)......... 0 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 229,911,583 306,093,502
29 Total net assets or fund balances (see instructions)..... 229,911,583 306,093,502
30 Total liabilities and net assets/fund balances (see instructions). 229,911,583 306,093,502
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
229,911,583
2
Enter amount from Part I, line 27a .....................
2
58,192,835
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
17,989,084
4
Add lines 1, 2, and 3 ..........................
4
306,093,502
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
306,093,502
Form 990-PF (2021)
Form 990-PF (2021)
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 - LONG TERM      
b K-1 LINE 8 NET SHORT-TERM CAPITAL GAIN P    
c K-1 LINE 9 NET LONG-TERM CAPITAL GAIN P    
d PUBLICLY TRADED SECURITIES - CAPITAL GAIN DISTRIBUTIONS      
e PUBLICLY TRADED SECURITIES      
(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 41,881,236   29,187,272 12,693,964
b 88,517     88,517
c 240,250     240,250
d 58,761     58,761
e       0
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       12,693,964
b       88,517
c       240,250
d       58,761
e       0
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 13,081,492
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 202,395
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- ..... 5 202,395
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 218,688
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 288,688
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 86,293
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet86,293 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 816,847
    1101 RUSSELL STREET
    BALTIMORE,MD21230
    MARQUETTE ASSOCIATES INC INVESTMENT CONSULTING 131,853
    1312 BELLONA AVE STE 300
    LUTHERVILLE,MD21093
    VENABLE LLP LEGAL 93,456
    750 EAST PRATT STREET STE 900
    BALTIMORE,MD21202
    ANDERSEN TAX LLC ACCOUNTING 69,650
    350 SOUTH GRAND AVENUE STE 2000
    LOS ANGELES,CA90071
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 N/A 0
    2  
    3  
    4  
    Part VIII-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 N/A 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    21,595,477
    b
    Average of monthly cash balances.......................
    1b
    23,434,174
    c
    Fair market value of all other assets (see instructions)................
    1c
    198,691,823
    d
    Total (add lines 1a, b, and c).........................
    1d
    243,721,474
    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
    243,721,474
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,655,822
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    240,065,652
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    12,003,283
    Part X
    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 IX, line 6..................
    1
    12,003,283
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    202,395
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    1,635
    c
    Add lines 2a and 2b............................
    2c
    204,030
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,799,253
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    11,799,253
    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 XII, line 1 ...
    7
    11,799,253
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 11,799,253
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 1,887,684
    b From 2017...... 2,722,132
    c From 2018......  
    d From 2019...... 2,618,321
    e From 2020...... 5,496,176
    f Total of lines 3a through e ........ 12,724,313
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 7,121,382
    a Applied to 2020, 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 2021 distributable amount..... 7,121,382
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 4,677,871 4,677,871
    (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 8,046,442
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		8,046,442
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 2,550,266
    d Excess from 2020.... 5,496,176
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    JUPITER MEDICAL CENTER FOUNDATION INC
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC ANDERSON FAMILY CANCER INSTITUTE 200,000
    TEACH FOR AMERICA
    2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC BALTIMORE FUTURE FUND 250,000
    CASEY CARES FOUNDATION
    7100 COLUMBIA GATEWAY DRIVE 155
    COLUMBIA,MD21046     		  PC BENEFITS CRITICALLY OR TERMINALLY ILL CHILDREN. 50,000
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD N4327-B
    BALTIMORE,MD21211     		  NC BISCIOTTI FOUNDATION TRANSLATIONAL FUND 549,900
    MARYLAND SPCA INC
    3300 FALLS RD
    BALTIMORE,MD21211     		  PC BROWNIE'S CARE FUND 50,000
    UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC
    110 S PACA STREET 9TH FLOOR
    BALTIMORE,MD21201     		  NC BUILDING FOR LIFE CAMPAIGN 200,000
    BALTIMORE COMMUNITY FOUNDATION INC
    11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC CIVIC LEADERSHIP FUND 40,000
    TEACH FOR AMERICA
    2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC COURTNEY CASS CATALYST FUND 50,000
    SEVERN RIVER LIONS CLUB
    PO BOX 118
    SEVERNA PARK,MD21146     		  NC FRUIT CONTRIBUTION TO SPAN, A 501(C)(3) 610
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC FUNDING FIELD TRIPS 25,000
    MOTHER SETON ACADEMY
    2215 GREENMOUNT AVE
    BALTIMORE,MD21218     		  PC FUNDING FIELD TRIPS 10,127
    MOTHER SETON ACADEMY
    2215 GREENMOUNT AVE
    BALTIMORE,MD21218     		  PC GENERAL/UNRESTRICTED 1,000,000
    WOODS COMMUNITY CENTER INC DBA SEVERNA PARK COMMUNITY CENTER
    623 BALTIMORE ANNAPOLIS BLVD
    SEVERNA PARK,MD21146     		  PC GENERAL/UNRESTRICTED 5,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE STREET
    BALTIMORE,MD21231     		  NC GENERAL/UNRESTRICTED 200,000
    SPCA OF ANNE ARUNDEL COUNTY
    1815 BAY RIDGE AVE
    ANNAPOLIS,MD21403     		  PC GENERAL/UNRESTRICTED 2,500
    HOUSE OF RUTH MARYLAND INC
    2201 ARGONNE DR
    BALTIMORE,MD21218     		  PC GENERAL/UNRESTRICTED 25,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 1,000,000
    HILTON VILLAGE BAPTIST CHURCH
    68 HIGH CIR DR
    OAK HILL,WV25901     		  NC GENERAL/UNRESTRICTED 5,000
    GOUCHER COLLEGE
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		  PC GENERAL/UNRESTRICTED 10,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21231     		  NC GENERAL/UNRESTRICTED 50,000
    CHILDREN'S HOME SOCIETY OF WEST VIRGINIA
    PO BOX 2942 1422 KANAWHA BLVD EAST
    CHARLESTON,WV25330     		  PC GENERAL/UNRESTRICTED 5,000
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		  PC GENERAL/UNRESTRICTED 10,000
    BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY
    121 S VILLA AVE
    ANNAPOLIS,MD21401     		  PC GENERAL/UNRESTRICTED 75,000
    HOSPICE OF THE CHESAPEAKE
    90 RITCHIE HWY
    PASADENA,MD21122     		  PC GENERAL/UNRESTRICTED 5,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE
    3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21209     		  PC HABICORPS PROGRAM 200,000
    KENNEDY KRIEGER FOUNDATION INC
    707 N BROADWAY
    BALTIMORE,MD21205     		  PC HATS AND HORSES FUNDRAISER 50,000
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC HEAD START 250,000
    HOWARD HOSPITAL FOUNDATION
    5755 CEDAR LANE
    COLUMBIA,MD21044     		  NC HEROES IN HEALTH CARE FUNDRAISER 3,000
    THE GREATER NEW ORLEANS FOUNDATION
    919 ST CHARLES AVE
    NEW ORLEANS,LA70130     		  PC HURRICANE IDA RELIEF 500,000
    AMERICAN NATIONAL RED CROSS
    431 18TH STREET NW
    WASHINGTON,DC20006     		  PC HURRICANE IDA RELIEF 250,000
    COLLEGEBOUND FOUNDATION
    2601 N HOWARD STREET SUITE 210
    BALTIMORE,MD21218     		  PC LAST DOLLAR GRANT PROGRAM 90,300
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC LEADERSHIP BREAKFAST 250,000
    ARCHBISHOP SPALDING HIGH SCHOOL
    8080 NEW CUT RD
    SEVERN,MD21144     		  PC LT. JAMES H. LOVE SCHOLARSHIP FUND 2,500
    COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION INC
    2500 W NORTH AVE
    BALTIMORE,MD21216     		  NC MEN'S BASKETBALL PROGRAM 100,000
    ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE
    320 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC MOTHER MARY LANGE SCHOOL - ARCHDIOCESE OF BALTIMORE 250,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP
    201 SOUTH ST
    BOSTON,MA02111     		  PC NFL CHALLENGE - MATCH 500,000
    MONSIGNOR ODWYER RETREAT HOUSE
    15523 YORK ROAD
    SPARKS,MD21152     		  PC OUTDOOR WORSHIP SPACE TO BE USED FOR YOUTH RETREATS 5,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    4600 FAIRFAX DR 900
    ARLINGTON,VA22203     		  NC RUN RICH RUN FUNDRAISER 100,000
    THE SUMMIT SCHOOL
    664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC SCHOLARSHIPS 25,000
    MOTHER SETON ACADEMY
    2215 GREENMOUNT AVE
    BALTIMORE,MD21218     		  PC SCHOLARSHIPS 50,000
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE
    1000 ST PAUL ST
    BALTIMORE,MD21202     		  PC SCHOLARSHIPS - K THROUGH 8. 40,000
    ANNAPOLIS & ANNE ARUNDEL COUNTY SCHOLARSHIP TRUST CORPORATION
    1783 FOREST DRIVE 341
    ANNAPOLIS,MD21401     		  PC SCHOLARSHIPS FOR AA CO RESIDENTS 10,000
    LOYOLA UNIVERSITY MARYLAND INC
    4501 N CHARLES ST
    BALTIMORE,MD21210     		  PC SCHOOL OF EDUCATION - DEAN'S DISCRETIONARY FUND 20,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP
    201 SOUTH ST
    BOSTON,MA02111     		  PC SPLIT BETWEEN MARYLAND MENTOR AND NATIONAL MENTOR; GENERAL 250,000
    JUPITER MEDICAL CENTER FOUNDATION INC
    1210 S OLD DIXIE HWY
    JUPITER,FL33458     		  PC SURGICAL INSTITUTE AT JMC 10,000
    ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE
    320 CATHEDRAL ST
    BALTIMORE,MD21201     		  PC TEACHER GRATITUDE FUND 50,000
    THE SUMMIT SCHOOL
    664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC THE CAMPAIGN FOR SUMMIT 200,000
    BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY
    121 S VILLA AVE
    ANNAPOLIS,MD21401     		  PC YOUTH OF THE YEAR CAMPAIGN 25,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 28,000
    Total .................................bullet 3a 7,076,937
    bApproved for future payment
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD N4327-B
    BALTIMORE,MD21211     		  PC BISCIOTTI FOUNDATION TRANSLATIONAL FUND 549,900
    UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC
    110 S PACA STREET 9TH FLOOR
    BALTIMORE,MD21201     		  PC BUILDING FOR LIFE CAMPAIGN 800,000
    BALTIMORE COMMUNITY FOUNDATION INC
    11 E MT ROYAL AVE 2ND FLOOR
    BALTIMORE,MD21202     		  PC CIVIC LEADERSHIP FUND 120,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY
    11500 SE LARES AVE
    HOBE SOUND,FL33455     		  PC GENERAL/UNRESTRICTED 2,000,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 S CHESTER ST
    BALTIMORE,MD21230     		  PC GENERAL/UNRESTRICTED 100,000
    GOUCHER COLLEGE
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		  PC GENERAL/UNRESTRICTED 10,000
    LIVING CLASSROOMS FOUNDATION INC
    802 S CAROLINE STREET
    BALTIMORE,MD21231     		  PC GENERAL/UNRESTRICTED 200,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE
    3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21209     		  PC HABICORPS PROGRAM 600,000
    ASSOCIATED CATHOLIC CHARITIES INC
    2300B DULANEY VALLEY RD
    TIMONIUM,MD21093     		  PC HEAD START 250,000
    LOYOLA UNIVERSITY MARYLAND
    4501 N CHARLES ST
    BALTIMORE,MD21210     		  PC SCHOOL OF EDUCATION - DEAN'S DISCRETIONARY FUND 60,000
    MENTOR A NATIONAL MENTORING PARTNERSHIP
    201 SOUTH ST
    BOSTON,MA02111     		  PC SPLIT BETWEEN MARYLAND MENTOR AND NATIONAL MENTOR; GENERAL 500,000
    THE SUMMIT SCHOOL
    664 CENTRAL AVE E 3429
    EDGEWATER,MD21037     		  PC THE CAMPAIGN FOR SUMMIT 200,000
    Total .................................bullet 3b 5,389,900
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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    
    4 Dividends and interest from securities ....          
    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 12,842,694  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 16,567,507 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,567,507
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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) 610 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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    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) (2021)
    Schedule B (Form 990) (2021) 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

    		$ 50,168,988


    (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) (2021)
    Schedule B (Form 990) (2021)
    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
    		 217,000 SHARES OF VEU AND 152,635 SHARES OF VTI $ 50,168,988 2021-12-27
    (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) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 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 69,650 34,825   34,825

    TY 2021 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: 2,136,774 SHS - MFO VANGUARD BD INDEX FDS SHORT-TERM BD INDEX FD 22,671,168 22,671,168

    TY 2021 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: 611,736 SHS - MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF 147,697,539 147,697,539
    NT #2526: 1,255,858 SHS - MFC VANGUARD INTL EQUITY INDEX FDS 76,958,978 76,958,978
    NT #2388: 3,185 SHS - ATAI LIFE SCIENCES NV COM 24,302 24,302
    NT #2388: 1,985 SHS - ADR COMPASS PATHWAYS PLC SPONSORED ADS REPSTG SHS 43,869 43,869
    NT #2388: 747 SHS - EXACT SCIENCES CORP COM 58,139 58,139
    NT #2388: 6,082 SHS - RECURSION PHARMACEUTICAL S INC CL A 104,185 104,185

    TY 2021 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
    BLUE DELTA CAPITAL FUND II LP FMV 886,260 886,260
    CONSCIOUS VENTURE FUND I LP FMV 1,253,930 1,253,930
    STEPSTONE VC OPPORTUNITIES VI LP FMV 5,238,693 5,238,693
    HATTERAS VENTURE PARTNERS VI LP FMV 6,815,647 6,815,647
    NEXTGEN VENTURES FUND II LP FMV 890,745 890,745
    PARKWAY CAPITAL II LP FMV 1,790,927 1,790,927
    PROPEL BALTIMORE FUND II LP FMV 911,369 911,369
    RESOLVE GROWTH PARTNERS FUND I LP FMV 3,176,471 3,176,471
    RISE OF THE REST SEED FUND II LP FMV 547,145 547,145
    SQUADRA VENTURES LP FMV 619,512 619,512
    THE LEGALTECH FUND I, LP FMV 158,621 158,621
    CONSCIOUS VENTURE FUND II LP FMV 490,892 490,892
    PROPEL BALTIMORE FUND III LP FMV 134,786 134,786
    PTX PIONEER INVESTMENTS LP FMV 510,230 510,230
    RAREBREED VENTURES FUND FMV 355,224 355,224
    GROTECH VENTURES IV LP FMV 454,422 454,422
    FARALLON REAL ESTATE PARTNERS III LP FMV 2,020,057 2,020,057
    5AM OPPORTUNITIES II LP FMV 869,225 869,225
    5AM VENTURES VII FMV 30,347 30,347
    CANAAN XII LP FMV 2,193,369 2,193,369
    CATALIO NEXUS FUND II FMV 713,539 713,539
    EPIDAREX CAPITAL III FMV 280,560 280,560
    RA CAPITAL NEXUS FUND II FMV 2,305,902 2,305,902
    RA CAPITAL NEXUS FUND III FMV 243,008 243,008
    TOWN HALL VENTURES II FMV 2,110,470 2,110,470

    TY 2021 LegalFeesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 93,456 85,824   7,632


    TY 2021 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 40 40   0
    DUES AND SUBSCRIPTIONS 796 796   0
    PAYROLL EXPENSES 4,992 4,992   0
    POSTAGE AND SHIPPING 150 50   100
    OFFICE SUPPLIES/SOFTWARE 1,324 572   751
    OTHER BUSINESS EXPENSES 534 0   534


    TY 2021 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 1 ORDINARY INCOME/LOSSES 0 -4,180 0
    K-1 LINE 11A OTHER INCOME 0 -6,004 0
    K-1 LINE 11F OTHER INCOME 0 -23,375 0


    TY 2021 OtherIncreasesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Description Amount
    OTHER INCREASE 17,989,084


    TY 2021 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 948,701 948,701   0
    INVESTMENT MANAGEMENT FEES FROM FORM 1099 84,871 84,871   0
    PARTNERSHIP PASSTHROUGH - PORTFOLIO DEDUCTIONS 0 1,019,259   0


    TY 2021 TaxesSchedule
    Name:
    THE STEPHEN & RENEE BISCIOTTI FOUNDATION
    EIN:
    52-2352678
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 220,286 0   603
    FOREIGN TAXES PAID 0 151,076   0