Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$474,358,563J 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) 98,896,348
2 Check right arrow.............
3 Interest on savings and temporary cash investments   3,434,756  
4 Dividends and interest from securities... 8,613,675 5,668,741  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,140,675
b Gross sales price for all assets on line 6a 16,434,468
7 Capital gain net income (from Part IV, line 2)... 5,613,163
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
List of Attached Documents:
// Content
0 14,589  
12 Total. Add lines 1 through 11........ 109,650,698 14,731,249  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
41,023 31,831   9,192
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
101,110 50,555   50,555
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,920,853 5,120,273   158,716
17 Interest...............   30,046    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
398,404 199,652   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
List of Attached Documents:
// Content
17,503 267   17,503
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,478,893 5,432,624   235,966
25 Contributions, gifts, grants paid....... 42,068,560 42,068,560
26 Total expenses and disbursements. Add lines 24 and 25 44,547,453 5,432,624   42,304,526
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 65,103,245
b Net investment income (if negative, enter -0-) 9,298,625
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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.............      
2 Savings and temporary cash investments......... 102,031,501 18,412,328 18,412,328
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
28,351,603 		28,351,603
b Investments—corporate stock (attach schedule)....... 212,432,283 Click to see attachment
List of Attached Documents:
// Content
329,327,536 		329,327,536
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
20,953,686 		20,953,686
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 63,745,529 Click to see attachment
List of Attached Documents:
// Content
77,313,410 		77,313,410
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 378,209,313 474,358,563 474,358,563
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 378,209,313 474,358,563
29 Total net assets or fund balances (see instructions)..... 378,209,313 474,358,563
30 Total liabilities and net assets/fund balances (see instructions). 378,209,313 474,358,563
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
378,209,313
2
Enter amount from Part I, line 27a .....................
2
65,103,245
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
31,046,005
4
Add lines 1, 2, and 3 ..........................
4
474,358,563
5
Decreases not included in line 2 (itemize) right arrow
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
474,358,563
Form 990-PF (2024)
Form 990-PF (2024)
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/LOSS P    
c K-1 LINE 9 NET LONG-TERM CAPITAL GAIN/LOSS P    
d
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 15,133,247   12,992,572 2,140,675
b 1,301,221     1,301,221
c 2,171,267     2,171,267
d
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       2,140,675
b       1,301,221
c       2,171,267
d
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 5,613,163
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
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 right arrow 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) 1 129,251
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........................... 3 129,251
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- ..... 5 129,251
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 123,113
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 55,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 178,113
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 48,862
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow48,862 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMD, AL, GA, IN, PA, VT, WI
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 2024 or the taxable year beginning in 2024? 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
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 addressright arrowN/A
14
The books are in care ofright arrowRENEE F BISCIOTTI CO POINT FIELD Telephone no.right arrow (667) 260-2246

Located atright arrow1101 RUSSELL STREETBALTIMOREMD ZIP+4right arrow21230
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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 1,650,230
1101 RUSSELL STREET
BALTIMORE,MD21230
PLUCK LLC PROCESSES AND STRATEGY CONSULTING 158,716
1040 PARK AVENUE SUITE 310
BALTIMORE,MD21201
ANDERSEN TAX LLC TAX ADVISORY SERVICES 101,110
350 S GRAND AVENUE SUITE 2000
LOS ANGELES,CA20000
NORTHERN TRUST CUSTODIAN AND BANKING SERVICES 87,646
50 SOUTH LA SALLE STREET
CHICAGO,IL60603
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
232,453,625
b
Average of monthly cash balances.......................
1b
78,166,075
c
Fair market value of all other assets (see instructions)................
1c
70,233,288
d
Total (add lines 1a, b, and c).........................
1d
380,852,988
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
380,852,988
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,712,795
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
375,140,193
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
18,757,010
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
18,757,010
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
129,251
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
45,208
c
Add lines 2a and 2b............................
2c
174,459
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
18,582,551
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
18,582,551
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
18,582,551
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
42,304,526
b
Program-related investments—total from Part VIII-B..................
1b
0
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
42,304,526
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 18,582,551
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,314,742
b From 2020...... 5,496,176
c From 2021......  
d From 2022......  
e From 2023...... 16,863,277
f Total of lines 3a through e ........ 23,674,195
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 42,304,526
a Applied to 2023, 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 2024 distributable amount..... 18,582,551
e Remaining amount distributed out of corpus 23,721,975
5 Excess distributions carryover applied to 2024. 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 47,396,170
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,314,742
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		46,081,428
10 Analysis of line 9:
a Excess from 2020.... 5,496,176
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 16,863,277
e Excess from 2024.... 23,721,975
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

ASSOCIATED CATHOLIC CHARITIES INC

320 CATHEDRAL ST
BALTIMORE,MD21201 		  PC LEADERSHIP BREAKFAST 250,000

ASSOCIATED CATHOLIC CHARITIES INC

320 CATHEDRAL ST
BALTIMORE,MD21201 		  PC GREATER PROMISE CAMPAIGN 8,000,000

BALTIMORE ANIMAL RESCUE AND CARE SHELTER INC

2490 GILES ROAD
BALTIMORE,MD21225 		  PC EMERGENCY ANIMAL CARE 100,000

BALTIMORE CIVIC FUND

1 N CHARLES STREET
BALTIMORE,MD21201 		  PC YOUTHWORKS 200,000

BALTIMORE COMMUNITY FOUNDATION INC

11 EAST MOUNT ROYAL AVENUE
BALTIMORE,MD21202 		  PC KEY BRIDGE EMERGENCY FUND 2,000,000

BALTIMORE COMMUNITY FOUNDATION INC

11 EAST MOUNT ROYAL AVENUE
BALTIMORE,MD21202 		  PC CIVIC LEADERSHIP FUND 40,000

BALTIMORE HOMECOMING INC

1427 CLARKVIEW RD STE 500
BALTIMORE,MD212090016 		  PC BALTIMORE HOMECOMING 25,000

BALTIMORE MUSEUM OF ART INC

10 ART MUSEUM DRIVE
BALTIMORE,MD21218 		  PC BMA BALL 10,000

BALTIMORE MUSEUM OF INDUSTRY

1415 KEY HIGHWAY
BALTIMORE,MD21230 		  PC REDEFINING INDUSTRY 1,250

BLACKBIRD LABORATORIES INC

101 W DICKMAN ST
BALTIMORE,MD212305000 		  PC GENERAL OPERATING 1,860,000

BLACKBIRD LABORATORIES INC

101 W DICKMAN ST
BALTIMORE,MD212305000 		  PC GENERAL OPERATING 2,973,000

BLACKBIRD LABORATORIES INC

101 W DICKMAN ST
BALTIMORE,MD212305000 		  PC GENERAL OPERATING 832,000

BLACKBIRD LABORATORIES INC

101 W DICKMAN ST
BALTIMORE,MD212305000 		  PC GENERAL OPERATING 2,718,000

BOWIE STATE UNIVERSITY FOUNDATION

14000 JERICHO PARK RD
BOWIE,MD207153319 		  PC OZZIE NEWSOME SCHOLARS PROGRAM 140,000

BOYS & GIRLS CLUB OF MARTIN COUNTY INC

11500 SE LARES AVENUE
HOBE SOUND,FL33455 		  PC FIELD TRIPS 25,000

BOYS & GIRLS CLUB OF MARTIN COUNTY INC

11500 SE LARES AVENUE
HOBE SOUND,FL33455 		  PC CAPITAL CAMPAIGN 2,000,000

BOYS & GIRLS CLUBS OF ANNAPOLIS & ANNE ARUNDEL COUNTY INC

121 SOUTH VILLA AVENUE
ANNAPOLIS,MD21401 		  PC GENERAL OPERATING 75,000

BOYS & GIRLS CLUBS OF ANNAPOLIS & ANNE ARUNDEL COUNTY INC

121 SOUTH VILLA AVENUE
ANNAPOLIS,MD21401 		  PC CAPITAL IMPROVEMENT 50,000

BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE INCORPORATED

1201 S SHARP STREET
BALTIMORE,MD21230 		  PC CAPITAL CAMPAIGN - HILTON RECREATION CENTER 3,000,000

BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE INCORPORATED

1201 S SHARP STREET
BALTIMORE,MD21230 		  PC CAPITAL CAMPAIGN - HILTON RECREATION CENTER 2,600,000

BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE INCORPORATED

1201 S SHARP STREET
BALTIMORE,MD21230 		  PC GENERAL OPERATING - HILTON RECREATION CENTER 400,000

BOYS & GIRLS CLUBS OF METROPOLITAN BALTIMORE INCORPORATED

1201 S SHARP STREET
BALTIMORE,MD21230 		  PC CAPITAL CAMPAIGN - HILTON RECREATION CENTER 2,400,000

BRIDGES BALTIMORE INC

540 E BELVEDERE AVE
BALTIMORE,MD21212 		  PC COLLEGE ACCESS 900,000

CASEY CARES

7100 COLUMBIA GATEWAY DRIVE
COLUMBIA,MD21046 		  PC GENERAL OPERATING 10,000

CHILDRENS SCHOLARSHIP FUND BALTIMORE

PO BOX 5282
BALTIMORE,MD21224 		  PC SCHOLARSHIPS 40,000

CIVIC WORKS INC

2701 ST LO DRIVE
BALTIMORE,MD21213 		  PC CIVIC WORKS BALTIMORE CENTER FOR SUSTAINABLE CAREERS 150,000

CIVIC WORKS INC

2701 ST LO DRIVE
BALTIMORE,MD21213 		  PC CONSTRUCTION TRAINING LAB 200,000

COLLEGE TRACK

483 9TH STREET
OAKLAND,CA94607 		  PC COLLEGE ACCESS 450,000

COLLEGEBOUND FOUNDATION INC

2507 N HOWARD STREET
BALTIMORE,MD21218 		  PC OZZIE NEWSOME SCHOLARS PROGRAM 60,000

COLLEGEBOUND FOUNDATION INC

2507 N HOWARD STREET
BALTIMORE,MD21218 		  PC COLLEGE ACCESS 900,000

COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION INC

2500 W NORTH AVE
BALTIMORE,MD21216 		  PC OZZIE NEWSOME SCHOLARS PROGRAM 120,000

CRISTO REY JESUIT HIGH SCHOOL

420 SOUTH CHESTER STREET
BALTIMORE,MD21231 		  NC GENERAL OPERATING 50,000

FIRST FRUITS FARM INC

20431 MIDDLETOWN ROAD
FREELAND,MD21053 		  PC GENERAL OPERATING 25,000

FORWARD CITIES INC

PO BOX 2008
DURHAM,NC277022008 		  PC PLACE BUILDERS FELLOWSHIP 25,000

FOUNDATION TO COMBAT ANTI-SEMITISM INC

1 PATRIOT PL
FOXBORO,MA020351374 		  POF GENERAL OPERATING 5,000,000

FUND FOR EDUCATIONAL EXCELLENCE

800 NORTH CHARLES ST
BALTIMORE,MD21201 		  PC MOST - MARYLAND OUT OF SCHOOL TIME NETWORK 50,000

FUND FOR EDUCATIONAL EXCELLENCE

800 NORTH CHARLES ST
BALTIMORE,MD21201 		  PC MENTOR OF EXCELLENCE AWARDS 25,000

GILCHRIST HOSPICE CARE INC

11311 MCCORMICK ROAD
HUNT VALLEY,MD21031 		  PC GILCHRIST BALL 25,000

GOUCHER COLLEGE

1021 DULANEY VALLEY ROAD
BALTIMORE,MD21204 		  PC GOUCHER COLLEGE PRISON EDUCATION PARTNERSHIP 150,000

HARLEM LACROSSE AND LEADERSHIP CORPORATION

PO BOX 708
NEW YORK,NY10030 		  PC HARLEM LACROSSE BALTIMORE 25,000

HOPE FOR ALL INC

PO BOX 1548
GLEN BURNIE,MD21060 		  PC GENERAL OPERATING 25,000

HOSPICE OF THE CHESAPEAKE INC

90 RITCHIE HWY
PASADENA,MD21122 		  PC GENERAL OPERATING 5,000

HOUSE OF RUTH MARYLAND INC

2201 ARGONNE DRIVE
BALTIMORE,MD21218 		  PC GENERAL OPERATING 25,000

HOWARD HOSPITAL FOUNDATION INC

5755 CEDAR LANE
COLUMBIA,MD21044 		  NC GENERAL OPERATING 10,000

IRC'S CENTER FOR ECONOMIC OPPORTUNITY INC

PO BOX 152188
SAN DIEGO,CA921952188 		  PC LOAN POOL PILOT 650,000

IRVINE NATURAL SCIENCE CENTER INC

11201 GARRISON FOREST ROAD
OWINGS MILLS,MD21117 		  PC ANIMAL CARE PROGRAM 40,000

JOHNS HOPKINS UNIVERSITY

3910 KESWICK ROAD
BALTIMORE,MD21211 		  PC JOHNS HOPKINS TECHNOLOGY VENTURES 50,000

JUPITER MEDICAL CENTER FOUNDATION INC

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  NC JUPITER MEDICAL CENTER SURGICAL INSTITUTE 250,000

KENNEDY KRIEGER FOUNDATION INC

707 N BROADWAY
BALTIMORE,MD21205 		  PC HATS AND HORSES 40,000

LIVING CLASSROOMS FOUNDATION

1417 THAMES ST
BALTIMORE,MD21231 		  PC TOMORROWS PROMISE CAMPAIGN 250,000

LOYOLA UNIVERSITY MARYLAND INC

4501 N CHARLES STREET
BALTIMORE,MD212102699 		  NC SCHOOL OF EDUCATION DEAN'S DISCRETIONARY FUND 20,000

MARYLAND NEW DIRECTIONS INC

2700 N CHARLES ST
BALTIMORE,MD21218 		  PC GENERAL OPERATING 75,000

MARYLAND SPCA INC

3300 FALLS ROAD
BALTIMORE,MD21211 		  PC ANIMAL CARE 75,000

MENTOR THE NATIONAL MENTORING PARTNERSHIP INC

225 FRANKLIN STREET
BOSTON,MA02110 		  PC MENTOR NATIONAL & MENTOR MARYLAND 300,000

MORGAN STATE UNIVERSITY FOUNDATION INCORPORATED

1700 E COLD SPRING LN
BALTIMORE,MD212510001 		  PC OZZIE NEWSOME SCHOLARS PROGRAM 170,000

MOTHER SETON ACADEMY INC

2215 GREENMOUNT AVENUE
BALTIMORE,MD21218 		  PC SCHOLARSHIPS 100,000

MOTHER SETON ACADEMY INC

2215 GREENMOUNT AVENUE
BALTIMORE,MD21218 		  PC FIELD TRIPS 18,005

PIVOT INC

1725 E BALTIMORE ST
BALTIMORE,MD212311508 		  PC GENERAL OPERATING 90,000

POLICE BENEVOLENT ASSOCIATION CHARITY FUND INC

2100 N FLORIDA MANGO RD
WEST PALM BEACH,FL33409 		  PC PBSO MOTORMEN CHARITABLE CONTRIBUTION 50,000

ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE CORPORATION SOLE

320 CATHEDRAL ST
BALTIMORE,MD212014421 		  PC PARTNERS IN EXCELLENCE SCHOLARSHIP PROGRAM 125,000

SAFE ALTERNATIVE FOUNDATION FOR EDUCATION INC

1501 W LEXINGTON ST
BALTIMORE,MD212231744 		  PC WORKFORCE DEVELOPMENT CENTER 75,000

SEVERN RIVER LIONS CLUB

PO BOX 118
SEVERNA PARK,MD21146 		  PC FRUIT PURCHASED AND CONTRIBUTED TO SPAN, INC. 680

SPAN INC

400 BENFIELD RD
SEVERNA PARK,MD21146 		  NC STRIDE FOR SPAN TURKEY TROT 1,500

SPCA OF ANNE ARUNDEL COUNTY

PO BOX 3471
ANNAPOLIS,MD21403 		  NC ANNUAL WALK FOR ANIMALS 5,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		  PC RUN RICH RUN CAMPAIGN 200,000

TALISMAN THERAPEUTIC RIDING

172 BLUE RIBBON LN
GRASONVILLE,MD216381340 		  PC MORTGAGE RETIREMENT 100,000

TEACH FOR AMERICA INC

25 BROADWAY
NEW YORK,NY10004 		  PC BALTIMORE FUTURE FUND 250,000

THE EVERGLADES FOUNDATION

18001 OLD CUTLER ROAD
PALMETTO BAY,FL33157 		  PC FOREVERGLADES 5,000

THE EVERYMAN THEATRE INC

315 W FAYETTE STREET
BALTIMORE,MD21201 		  PC A NIGHT FOR BALTIMORE 10,000

HUMAN DEVELOPMENT CORPORATION

664 E CENTRAL AVE
EDGEWATER,MD21037 		  PC STUDENT SCHOLARSHIPS 25,000

THE V FOUNDATION

14600 WESTON PARKWAY
CARY,NC27513 		  PC GENERAL OPERATING 75,000

TURNAROUND TUESDAY INC

2519 N CHARLES ST
BALTIMORE,MD212184602 		  PC BUILD - BALTIMORE UNITED LEADERSHIP DEVELOPMENT 60,000

TURNAROUND INC

8503 LASALLE ROAD FL 2
TOWSON,MD21286 		  PC SAFE HOUSE FOR CHILD SURVIVORS OF HUMAN TRAFFICKING 250,000

UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC

220 ARCH ST
BALTIMORE,MD21201 		  PC UMB CURE SCHOLARS PROGRAM 25,000

UNIVERSITY OF MARYLAND FOUNDATION INC

11868 ACADEMIC OVAL
PRINCESS ANNE,MD21853 		  PC OZZIE NEWSOME SCHOLARS PROGRAM 120,000

UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION INC

110 SOUTH PACA STREET
BALTIMORE,MD21201 		  PC BUILDING FOR LIFE CAMPAIGN 200,000

UPSURGE BALTIMORE COMMUNITY INC

1501 SAINT PAUL ST
BALTIMORE,MD212022871 		  PC GENERAL OPERATING 250,000

VEHICLES FOR CHANGE INC

4111 WASHINGTON BLVD
HALETHORPE,MD21227 		  PC GENERAL OPERATING 100,000

BOYS & GIRLS CLUB OF MARTIN COUNTY INC

11500 SE LARES AVENUE
HOBE SOUND,FL33455 		  PC IN-KIND MEALS 44,125
Total .................................right arrow 3a 42,068,560
bApproved for future payment

BALTIMORE COMMUNITY FOUNDATION INC
11 EAST MOUNT ROYAL AVENUE
BALTIMORE,MD21202 		  PC KEY BRIDGE EMERGENCY FUND 3,000,000

BRIDGES BALTIMORE INC
540 E BELVEDERE AVE
BALTIMORE,MD21212 		  PC COLLEGE ACCESS 8,100,000

COLLEGE TRACK
483 9TH STREET
OAKLAND,CA94607 		  PC COLLEGE ACCESS 8,550,000

COLLEGEBOUND FOUNDATION INC
2507 N HOWARD STREET
BALTIMORE,MD21218 		  PC COLLEGE ACCESS 8,100,000

CRISTO REY JESUIT HIGH SCHOOL
420 SOUTH CHESTER STREET
BALTIMORE,MD21231 		  PC GENERAL OPERATING 200,000

FIRST FRUITS FARM INC
20431 MIDDLETOWN ROAD
FREELAND,MD21053 		  PC GENERAL OPERATING 100,000

FUND FOR EDUCATIONAL EXCELLENCE
800 NORTH CHARLES ST
BALTIMORE,MD21201 		  PC MOST - MARYLAND OUT OF SCHOOL TIME NETWORK 50,000

GOUCHER COLLEGE
1021 DULANEY VALLEY ROAD
BALTIMORE,MD21204 		  PC GOUCHER COLLEGE PRISON EDUCATION PARTNERSHIP 150,000

HARLEM LACROSSE AND LEADERSHIP CORPORATION
PO BOX 708
NEW YORK,NY10030 		  PC HARLEM LACROSSE BALTIMORE 25,000

MENTOR THE NATIONAL MENTORING PARTNERSHIP INC
225 FRANKLIN STREET
BOSTON,MA02110 		  PC MENTOR NATIONAL & MENTOR MARYLAND 450,000

PLAYERS PHILANTHROPY FUND
1122 KENILWORTH DR
TOWSON,MD21204 		  PC ED REED HOUSE 250,000

TURNAROUND INC
8503 LASALLE ROAD FL 2
TOWSON,MD21286 		  PC SAFE HOUSE FOR CHILD SURVIVORS OF HUMAN TRAFFICKING 250,000

UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
220 ARCH ST
BALTIMORE,MD21201 		  PC UMB CURE SCHOLARS PROGRAM 25,000

UPSURGE BALTIMORE COMMUNITY INC
1501 SAINT PAUL ST
BALTIMORE,MD212022871 		  PC GENERAL OPERATING 750,000

WATERFRONT PARTNERSHIP OF BALTIMORE INC
650 S EXETER ST STE 200
BALTIMORE,MD21202 		  PC HEALTHY HARBOR INITIATIVE 3,750,000
Total ................................. right arrow 3b 33,750,000
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		         
4 Dividends and interest from securities ....     14 8,613,675  
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 2,140,675  
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 10,754,350 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,754,350
(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 (2024)
Form 990-PF (2024)
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) 680 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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
  		Employer identification number
52-2352678
Part I
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

$ 14,299


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
STEPHEN AND RENEE BISCIOTTI
1101 RUSSELL ST
 
BALTIMORE, MD21230

$ 52,339,089


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
STEPHEN AND RENEE BISCIOTTI
1101 RUSSELL ST
 
BALTIMORE, MD21230

$ 46,542,960


(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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
2
 180,076 SHARES OF VANGUARD TOTAL STOCK MARKET INDEX FUND ETF (VTI) $ 52,339,089 2024-12-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 144,000 SHARES OF ISHARES RUSSELL 1000 ETF (IWB) $ 46,542,960 2024-12-30
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 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 101,110 50,555   50,555

TY 2024 GeneralExplanationAttachment
Name:
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
EIN:
52-2352678
Identifier Return Reference Explanation
ADJUSTMENT TO INTEREST FROM K-1S FORM 990-PF, PART I, LINE 4B THE FOUNDATION RECEIVED FORM 8986 FROM RISE OF THE REST SEED FUND II, LP ON SEPTEMBER 10, 2024 REPORTING PARTNERSHIP ADJUSTMENTS RESULTING FROM THE RISE OF THE REST SEED FUND II, LP'S ADMINISTRATIVE ADJUSTMENT YEAR. THE ADJUSTMENTS DECREASED THE FOUNDATION'S SHARE OF INTEREST INCOME BY $731 FOR THE REPORTING YEAR. THESE AMOUNTS WERE NOT UNRELATED BUSINESS TAXABLE INCOME (UBTI) AND ARE THEREFORE NOT REPORTABLE ON A FORM 990-T.

TY 2024 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 #9421: 990,000 SHS - AIR LEASE CORP 991,889 991,889
NT #9421: 1,005,000 SHS - AMPHENOL CORP 1,000,155 1,000,155
NT #9421: 1,010,000 SHS - APPLE INC 994,481 994,481
NT #9421: 1,000,000 SHS - BERKSHIRE HATHAWAY ENERGY CO 998,286 998,286
NT #9421: 1,010,000 SHS - BOOKING HOLDINGS INC 996,821 996,821
NT #9421: 990,000 SHS - BROADCOM INC 993,485 993,485
NT #9421: 1,015,000 SHS - CHEVRON CORP 1,003,976 1,003,976
NT #9421: 1,005,000 SHS - CITIGROUP INC 1,000,152 1,000,152
NT #9421: 1,005,000 SHS - DISNEY WALT CO 999,061 999,061
NT #9421: 1,010,000 SHS - EBAY INC 1,003,989 1,003,989
NT #9421: 1,020,000 SHS - HASBRO INC 997,369 997,369
NT #9421: 1,010,000 SHS - HUNT J B TRANS SVCS INC 999,934 999,934
NT #9421: 995,000 SHS - INDEX CORP 990,667 990,667
NT #9421: 1,030,000 SHS - MCCORMICK & CO INC 998,743 998,743
NT #9421: 945,000 SHS - ORACLE CORP 991,124 991,124
NT #9421: 970,000 SHS - PNC FINL SVCS 999,257 999,257
NT #9421: 1,005,000 SHS - STARBUCKS CORP 999,913 999,913
NT #9421: 1,035,000 SHS - UNITEDHEALTH GROUP INC 1,001,203 1,001,203
NT #9421: 1,005,000 SHS - US BANCORP 996,672 996,672
NT #9421: 1,010,000 SHS - VISA INC 998,301 998,301
NT #9421: 1,030,000 SHS - WELLS FARGO & COMPANY 998,208 998,208

TY 2024 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: 144,000 SHS - MFC ISHARES TR RUSSELLL 1000 ETF 46,391,040 46,391,040
NT #2526: 771,762 SHS - MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF 223,664,345 223,664,345
NT #2526: 1,032,436 SHS - MFC VANGUARD INTL EQUITY INDEX FDS VANGUARD FTSE 59,272,151 59,272,151

TY 2024 InvestmentsGovtObligationsSch
Name:
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
EIN:
52-2352678
US Government Securities - End of Year Book Value:

28,351,603
US Government Securities - End of Year Fair Market Value:

28,351,603
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 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
5AM OPPORTUNITIES II LP FMV 3,917,102 3,917,102
5AM VENTURES VII FMV 2,083,040 2,083,040
BLUE DELTA CAPITAL FUND II LP FMV 1,246,244 1,246,244
CANAAN XII LP FMV 4,567,270 4,567,270
CANAAN XIII LP FMV 88,605 88,605
CATALIO NEXUS FUND II FMV 668,409 668,409
CATALIO NEXUS FUND IV, LP FMV 525,535 525,535
CONSCIOUS VENTURE FUND I LP FMV 788,484 788,484
CONSCIOUS VENTURE FUND II LP FMV 1,211,723 1,211,723
EPIDAREX CAPITAL III FMV 1,296,467 1,296,467
FARALLON REAL ESTATE INSTITUTIONAL PARTNERS IV, L.P. FMV 1,461,286 1,461,286
FARALLON REAL ESTATE PARTNERS III LP FMV 3,720,156 3,720,156
GROTECH VENTURES IV LP FMV 1,530,620 1,530,620
HATTERAS VENTURE PARTNERS VI LP FMV 6,924,024 6,924,024
HATTERAS VENTURE PARTNERS VII LP FMV 3,729,265 3,729,265
INNER LOOP CAPITAL FUND II LP FMV 3,311,363 3,311,363
NEXTGEN VENTURES FUND II LP FMV 1,080,149 1,080,149
PARKWAY CAPITAL II LP FMV 5,630,845 5,630,845
PROPEL BALTIMORE FUND II LP FMV 717,821 717,821
PROPEL BALTIMORE FUND III LP FMV 595,108 595,108
PTX CAPITAL LP FMV 3,256,038 3,256,038
PTX PIONEER INVESTMENTS LP FMV 1,020,600 1,020,600
RA CAPITAL NEXUS FUND II FMV 1,802,629 1,802,629
RA CAPITAL NEXUS FUND III FMV 1,833,643 1,833,643
RAREBREED VENTURES FUND FMV 886,360 886,360
RESOLVE GROWTH PARTNERS FUND I LP FMV 5,676,165 5,676,165
RISE OF THE REST SEED FUND II LP FMV 1,261,145 1,261,145
SQUADRA VENTURES II QP FMV 323,521 323,521
SQUADRA VENTURES LP FMV 1,789,969 1,789,969
STEPSTONE VC OPPORTUNITIES VI LP FMV 4,630,712 4,630,712
STEPSTONE VC OPPORTUNITIES VII LP FMV 1,940,565 1,940,565
TCG LABS FUND I, LP FMV 141,064 141,064
TECHSTARS ACCELERATOR, LP FMV 3,208,328 3,208,328
THE LEGALTECH FUND I, LP FMV 797,638 797,638
TOWN HALL VENTURES II FMV 3,651,517 3,651,517

TY 2024 LegalFeesSchedule
Name:
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
EIN:
52-2352678
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 41,023 31,831   9,192


TY 2024 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
OFFICE SUPPLIES/SOFTWARE 16,234 0   16,234
POSTAGE AND SHIPPING 69 0   69
ADVERTISING AND MARKETING 1,200 0   1,200
SEC 59(E)(2) FROM K-1S 0 267   0


TY 2024 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 -1,598 0
K-1 LINE 10 1231 GAIN/LOSS 0 2,693 0
K-1 LINE 11A OTHER INCOME 0 10,318 0
K-1 LINE 11F OTHER INCOME 0 219 0
K-1 LINE 4 GUARANTEED PAYMENTS 0 2,957 0


TY 2024 OtherIncreasesSchedule
Name:
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
EIN:
52-2352678
Description Amount
NET UNREALIZED GAINS/LOSSES 31,046,005


TY 2024 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 1,674,491 1,674,491   0
INVESTMENT CUSTODIAL FEES 87,646 87,646   0
PARTNERSHIP PASSTHROUGH - PORTFOLIO DEDUCTIONS 0 3,358,136   0
CONSULTING FEES 158,716 0   158,716


TY 2024 TaxesSchedule
Name:
THE STEPHEN & RENEE BISCIOTTI FOUNDATION
EIN:
52-2352678
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 398,404 0   0
FOREIGN TAXES PAID 0 199,652   0