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 Elizabeth B and Arthur E Roswell
Foundation Inc
Number and street (or P.O. box number if mail is not delivered to street address)co AFS One South Street 2950
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Baltimore, MD21202
A Employer identification number

52-1490498
B Telephone number (see instructions)

(410) 347-7201
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$21,692,406J 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) 1,050,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 577 577  
4 Dividends and interest from securities... 523,307 523,307  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 66,088
b Gross sales price for all assets on line 6a 1,197,947
7 Capital gain net income (from Part IV, line 2)... 66,088
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
-31,252 -31,258  
12 Total. Add lines 1 through 11........ 1,608,720 558,714  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,487 0   17,487
14 Other employee salaries and wages...... 66,620 0   66,620
15 Pension plans, employee benefits....... 22,461 0   22,461
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,522 16,057   37,465
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,885 4,139   6,746
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,816 11,066   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 4,814 0   4,814
21 Travel, conferences, and meetings....... 2,730 0   2,730
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,591 0   4,591
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 200,926 31,262   162,914
25 Contributions, gifts, grants paid....... 1,504,000 1,504,000
26 Total expenses and disbursements. Add lines 24 and 25 1,704,926 31,262   1,666,914
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -96,206
b Net investment income (if negative, enter -0-) 527,452
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......... 618,945 916,398 916,398
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) 25,765 Click to see attachment
List of Attached Documents:
// Content
25,765 		20,581
b Investments—corporate stock (attach schedule)....... 11,421,677 Click to see attachment
List of Attached Documents:
// Content
10,543,061 		17,251,769
c Investments—corporate bonds (attach schedule)....... 1,287,355 Click to see attachment
List of Attached Documents:
// Content
1,266,249 		1,127,033
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).......... 210,960 Click to see attachment
List of Attached Documents:
// Content
355,485 		371,724
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,881,773 		Click to see attachment
List of Attached Documents:
// Content
2,004,901 		Click to see attachment
List of Attached Documents:
// Content
2,004,901
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,446,475 15,111,859 21,692,406
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 15,446,475 15,111,859
29 Total net assets or fund balances (see instructions)..... 15,446,475 15,111,859
30 Total liabilities and net assets/fund balances (see instructions). 15,446,475 15,111,859
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
15,446,475
2
Enter amount from Part I, line 27a .....................
2
-96,206
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
15,350,269
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
238,410
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,111,859
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 6800 shrs BP   2024-01-10 2024-01-11
b 25000 shrs American Intl Group   2014-07-11 2024-02-15
c BNSF RY CO2006 Pass Thru   2011-05-20 2024-01-16
d BNSF RY Pass Thru   2011-05-20 2024-01-16
e 30000 shrs Boston PPTYS LP   2016-08-03 2024-02-01
11000 shrs Brookfield Fin LLC   2017-05-01 2024-04-01
Leggett & Platt Inc 3.8%   2017-09-08 2024-11-15
Leggett & Platt Inc 4.4%   2022-03-01 2024-08-23
Parker Hannifin Corp Med Trm NTS   2019-01-18 2024-11-21
Parker Hannifin Corp Sr Nt   2023-05-02 2024-06-14
Vanguard Intm Trm Inv   2017-10-04 2024-08-26
New Summit III-B P 2024-01-01 2024-12-31
New Summit III-B P 2023-01-01 2024-12-31
(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 236,114   882 235,232
b 25,000   25,844 -844
c 602   7,773 -7,171
d 3,313   69,820 -66,507
e 30,000   32,566 -2,566
11,000   11,374 -374
35,000   36,223 -1,223
14,480   16,389 -1,909
25,000   24,917 83
25,000   24,605 395
792,287   881,016 -88,729
151     151
    450 -450
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       235,232
b       -844
c       -7,171
d       -66,507
e       -2,566
      -374
      -1,223
      -1,909
      83
      395
      -88,729
      151
      -450
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 66,088
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 7,332
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 7,332
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 7,332
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 8,536
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,536
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 4,204
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow4,204 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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
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 arrowJennifer L Bove CPA Telephone no.right arrow (410) 347-7205

Located atright arrowc/o AFS One South St Ste 2950BaltimoreMD ZIP+4right arrow21202
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)
 
No
(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
 
 
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
Arthur E Roswell Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Robert A Roswell Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Majorie B Roswell Vice President/Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Judith R Weinstein President/Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Barbara S Roswell Vice President/Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Kenneth B Weinstein Trustee
0.00 		0 0 0
c/o AFS One South Street
baltimore,MD21202
Jennifer A Pratt Secretary
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Scott L Soffen Assistant Secretary
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Stephen J Bass Treasurer
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Sandra L Glock Assistant Treasurer
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
David I Roswell Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Michael E Roswell Vice President/Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Naomi B Roswell Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Eliana R Weinstein Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Jackie Specht Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Ari R Weinstein Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Maggie Heraty Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Regan E Ralph Assistant Secretary
4.00 		17,487 1,675 0
c/o AFS One South Street
Baltimore,MD21202
Jennifer L Bove Assistant Treasurer
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
Noah R Weinstein Trustee
0.00 		0 0 0
c/o AFS One South Street
Baltimore,MD21202
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
Atapco Financial Services Inc Acct, Tax & Invest 53,522
One South Street Ste 2950
Baltimore,MD21202
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  
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 Calvert Impact Capital Community Investment Note - a loan to provide financing to build wealth and opportunity for low-income communities and low-and-moderate income individuals. 125,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow125,000
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
18,599,108
b
Average of monthly cash balances.......................
1b
824,928
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
19,424,036
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
19,424,036
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
291,361
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,132,675
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
956,634
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
956,634
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
7,332
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,332
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
949,302
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
949,302
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
949,302
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
1,666,914
b
Program-related investments—total from Part VIII-B..................
1b
125,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,791,914
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 7 949,302
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...... 871,071
b From 2020...... 1,238,654
c From 2021...... 416,136
d From 2022...... 538,280
e From 2023...... 1,386,838
f Total of lines 3a through e ........ 4,450,979
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,791,914
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..... 949,302
e Remaining amount distributed out of corpus 842,612
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 5,293,591
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) ... 		871,071
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,422,520
10 Analysis of line 9:
a Excess from 2020.... 1,238,654
b Excess from 2021.... 416,136
c Excess from 2022.... 538,280
d Excess from 2023.... 1,386,838
e Excess from 2024.... 842,612
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).)
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 e-mail address of the person to whom applications should be addressed:
Ms Regan E Ralph
BPG One South St Ste 2900
Baltimore,MD212023334
(410) 347-7201
bThe form in which applications should be submitted and information and materials they should include:
Letter
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
This organization does not make gifts or grants to individuals.
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

American Red Cross of Central New Jersey

209 Fairfield Road
Fairfield,NJ07004 		  501(c)(3) general support 5,000

Americans United for Separation of Church and State Inc

1310 L Street NW Suite 200
Washington,DC200054563 		  501(c)(3) general support 10,000

Awbury Arboretum Association

1 Awbury Road
Philadelphia,PA191380213 		  501(c)(3) support for educational programs 5,000

Baltimore Green Space

2100 Liberty Heights Avenue
Baltimore,MD21217 		  501(c)(3) general support 12,000

Baltimore Orchard Project

PO Box 4730
Baltimore,MD21211 		  501(c)(3) general support 8,000

Baltimore Public Media Corporation

2216 North Charles Street
Baltimore,MD212185718 		  501(c)(3) general support 10,000

Baltimore Tree Trust Inc

PO Box 50188
Baltimore,MD21211 		  501(c)(3) general support 5,000

Bikemore

2209 Maryland Avenue
Baltimore,MD212185627 		  501(c)(3) general support 12,000

Blue Water Baltimore

1801 East Oliver Street
Baltimore,MD21213 		  501(c)(3) general support 12,000

BOLD Education Fund

PO Box 254
Hastings,NE68902 		  501(c)(3) support for efforts to educate and organize local communities in response to the DeLa Express pipeline 50,000

Brain & Behavior Research Foundation

747 Third Avenue Floor 33
New York,NY10017 		  501(c)(3) support for research in the treatment of schizophrenia 5,000

The Center for Popular Democracy

449 Troutman Street Suite A
Brooklyn,NY112372790 		  501(c)(3) support for Maryland Communities United 6,000

Children First PA

990 Spring Garden Street Suite 200
Philadelphia,PA19123 		  501(c)(3) general support 10,000

Civic Influencers

16192 Coastal Highway
Lewes,DE199583608 		  501(c)(3) general support 15,000

Clean Water Fund

1444 Eye Street NW Suite 400
Washington,DC20005 		  501(c)(3) general support 10,000

The Descendants Project

5593 Highway 18
Vacherie,LA700905010 		  501(c)(3) general support 30,000

Earth Quaker Action Team

4510 Kingsessing Avenue
Philadelphia,PA19143 		  501(c)(3) general support 30,000

Electronic Frontier Foundation

815 Eddy Street
San Francisco,CA941097701 		  501(c)(3) general support 15,000

Face to Face

123 East Price Street
Philadelphia,PA191442145 		  501(c)(3) general support 10,000

Florida Rights Restoration Coalition

4081 L B Mcleod Rd Ste C
Orlando,FL32811 		  501(c)(3) general support 100,000

Food Bank Network of Somerset County Inc

PO Box 149
Bound Brook,NJ088050149 		  501(c)(3) general support 7,500

Formerly Incarcerated Convicted People & Families Movement

6526 Old Brick Rd Suite 120-165
Windermere,FL34786 		  501(c)(3) general support and support for the Quest for Democracy Fund 150,000

Formerly Incarcerated Convicted People & Families Movement

6526 Old Brick Rd Suite 120-165
Windermere,FL34786 		  501(c)(3) support for conference travel stipends for biennial conference 25,000

Forward Justice

1 Copley Parkway Suite 302
Morrisville,NC27560 		  501(c)(3) general support 75,000

Fusion Partnerships Inc

1601 Guilford Avenue 2 South
Baltimore,MD212022877 		  501(c)(3) general support 15,000

Germantown United Community Development Corporation

5320 Germantown Avenue
Philadelphia,PA19144 		  501(c)(3) general support and support for the Fund for Germantown 10,000

Habitat for Humanity Philadelphia

2318 Washington Avenue
Philadelphia,PA19146 		  501(c)(3) general support 10,000

HOME of Somerset County Inc

98 West End Avenue
Somerville,NJ088760575 		  501(c)(3) general support 5,000

HomeSharing of Somerset County

120 Finderne Avenue
Bridgewater,NJ088073670 		  501(c)(3) general support 6,000

Information Technology Disaster Resource Center

PO Box 79146
Fort Worth,TX761790146 		  501(c)(3) general support 15,000

The Institute for Enhanced Equity

PO Box 52319
New Orleans,LA70152 		  501(c)(3) support for the Vessel Project of Louisiana 50,000

Jubilee Justice

6287 Old Baton Rouge Highway
Alexandria,LA71302 		  501(c)(3) general support 30,000

Louisiana Bucket Brigade

3416 B Canal Street
New Orleans,LA70119 		  501(c)(3) support for Inclusive Louisiana 40,000

Louisiana Bucket Brigade

3416 B Canal Street
New Orleans,LA70119 		  501(c)(3) general support 30,000

Maryland Food Bank Inc

2200 Halethorpe Farms Road
Baltimore,MD212270000 		  501(c)(3) general support 7,000

MAZON Inc

10850 Wilshire Boulevard Suite 400
Los Angeles,CA900244316 		  501(c)(3) general support 8,000

The Nature Conservancy

4245 North Fairfax Drive Suite 100
Arlington,VA222031606 		  501(c)(3) support for the seasonal stewardship assistant program at South Cape May Meadows 13,000

New Israel Fund

PO Box 70358
Philadelphia,PA191760358 		  501(c)(3) support for the Israel Center for Educational Innovation for in-class libraries in Israeli elementary schools, in memory of Florence G. Roswell 100,000

Parks & People Foundation

2100 Liberty Heights Avenue
Baltimore,MD212172072 		  501(c)(3) general support 10,000

The Partnership Project

PO Box 65826
Washington,DC200355826 		  501(c)(3) support for Oilfield Witness to educate and organize landowners in response to the proposed DeLa Express pipeline 50,000

People for the American Way Foundation

1101 15th Street NW Suite 600
Washington,DC200055023 		  501(c)(3) general support 5,000

Philabundance

3616 South Galloway Street
Philadelphia,PA19148 		  501(c)(3) general support 10,000

Philly Thrive

1101 South 27th Street
Philadelphia,PA19146 		  501(c)(3) general support 30,000

Plantation Park Heights Urban Farm

PO Box 2575
Baltimore,MD21215 		  501(c)(3) general support 10,000

POWER An Interfaith Movement

1429 North 11th Street
Philadelphia,PA19122 		  501(c)(3) general support 30,000

Return Home Baltimore

13813 Cuba Road
Cockeysville,MD210301206 		  501(c)(3) general support 12,000

Rural Roots Louisiana

129 Evangeline Drive
Donaldsonville,LA70346 		  501(c)(3) general support 60,000

Rutgers Hillel

70 College Avenue
New Brunswick,NJ08901 		  501(c)(3) general support 22,000

Safe Sound Somerset

427 Homestead Road
Hillsborough,NJ08844 		  501(c)(3) general support 8,500

The Sentencing Project

1150 Connecticut Avenue Suite 601
Washington,DC20036 		  501(c)(3) support for work to promote the voting rights of people involved with the criminal justice system 25,000

SHARE Food Program Inc

2901 West Hunting Park Avenue
Philadelphia,PA191291802 		  501(c)(3) general support 10,000

Social and Environmental Entrepreneurs

23564 Calabasas Road Suite 201
Calabasas,CA91302 		  501(c)(3) support for Women on the Rise GA 25,000

Social and Environmental Entrepreneurs

23564 Calabasas Road Suite 201
Calabasas,CA91302 		  501(c)(3) support for Women on the Rise GA 25,000

Steps Coalition

11975 Seaway Road Suite B225
Gulfport,MS39503 		  501(c)(3) general support 30,000

Temple University

1801 North Broad Street
Philadelphia,PA191226004 		  501(c)(3) support for the Inside-Out Prison Exchange Program 20,000

Texas Environmental Justice Advocacy Services

900 North Wayside
Houston,TX77011 		  501(c)(3) general support 30,000

Texas Environmental Justice Advocacy Services

900 North Wayside
Houston,TX77011 		  501(c)(3) general support 30,000

Trolley Car Helping Hands

4701 Germantown Avenue Third Floor
Philadelphia,PA19144 		  501(c)(3) support for the Teachers' Fund 20,000

University of Baltimore Foundation

1420 North Charles Street
Baltimore,MD21201 		  501(c)(3) support for the Innocence Project Clinic at the University of Baltimore School of Law 5,000

VOTE Voice of the Experienced

4930 Washington Avenue
New Orleans,LA70125 		  501(c)(3) general support 75,000

Zufall Health Center

18 West Blackwell Street
Dover,NJ078013841 		  501(c)(3) general support for the Somerville center 5,000
Total .................................right arrow 3a 1,504,000
bApproved for future payment

Forward Justice
1 Copley Parkway Suite 302
Morrisville,NC27560 		  501(c)(3) general support 75,000

HOME of Somerset County Inc
98 West End Avenue
Somerville,NJ088760575 		  501(c)(3) support for the Capital Campaign 100,000

The Institute for Enhanced Equity
PO Box 52319
New Orleans,LA70152 		  501(c)(3) support for the Vessel Project of Louisiana 150,000

Jubilee Justice
6287 Old Baton Rouge Highway
Alexandria,LA71302 		  501(c)(3) general support 60,000

The Nature Conservancy
4245 North Fairfax Drive Suite 100
Arlington,VA222031606 		  501(c)(3) support to establish an endowment, proceeds from which will fund staff at the South Cape May Meadows preserve 300,000

New Israel Fund
PO Box 70358
Philadelphia,PA191760358 		  501(c)(3) support for the Israel Center for Educational Innovation for in-class libraries in Israeli elementary schools, in memory of Florence G. Roswell 300,000

VOTE Voice of the Experienced
4930 Washington Avenue
New Orleans,LA70125 		  501(c)(3) general support 75,000
Total ................................. right arrow 3b 1,060,000
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 ........... 		    14 577  
4 Dividends and interest from securities ....     14 523,307  
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 66,088  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNew Summit III-B 		900001 6 18 -31,258  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 6 558,714 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
558,720
(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)
 
No
(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
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 Elizabeth B and Arthur E Roswell
Foundation Inc
Employer identification number

52-1490498
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 Elizabeth B and Arthur E Roswell
Foundation Inc 		Employer identification number
52-1490498
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
American Trading & Production Corporation
 
One South Street Suite 2800
 
Baltimore, MD21202

$ 239,292


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
American Trading & Production Corporation
 
One South Street Suite 2800
 
Baltimore, MD21202

$ 10,708


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Arthur E Roswell
One South Street Suite 2800
 
Baltimore, MD21202

$ 800,000


(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 Elizabeth B and Arthur E Roswell
Foundation Inc 		Employer identification number

52-1490498
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
 6,800 Shrs BP Stock $ 239,292 2024-01-10
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Elizabeth B and Arthur E Roswell
Foundation Inc 		Employer identification number

52-1490498
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 Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Acctg & Invest Fees-Atapco Financial Svc 53,522 16,057   37,465

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Name of Bond End of Year Book Value End of Year Fair Market Value
American WTR Cap Corp SR NT 54,339 44,890
Clorox Co SR NT 41,116 34,026
CPC INTL INC SER E 33,670 26,333
ESSEX PORTFOLIO L P GTD 26,523 22,611
Estee Lauder Co SR NT 41,478 35,624
Hershey Co 54,359 42,427
NEVADA POWER COMPANY nt 42,857 35,158
PHILLIPS PETE CO SR NT 50,867 48,362
PRECISION CASTPARTS CORP 24,546 24,857
PUBLIC STORAGE SR NT 50,327 42,715
Raytheon Corp 39,252 32,120
STATE STR CORP 47,171 44,730
STRYKER CORP 47,049 44,550
TCI COMM. INC 47,639 36,233
TOYOTA MTR CR CORP 25,391 25,200
UNIONPAC RR 2007 PASS THRU 47,462 9,267
VERIZON COMM SR NT 56,762 47,973
Westar Energy Inc 50,471 48,340
American Honda Fin Corp 5.65% 51,012 51,345
Cigna Corp New Nt 4.5% 25,141 24,934
Duke Energy Co Fixed Rt Sr Nt 6.45% 32,863 32,273
Georgia PAC Corp Fixed Rt Deb 7.25% 27,083 26,833
Intel Corp 3.75% 34,336 33,944
National Rural Utils Coop Fin Corp 30,361 29,081
Northrop Grumman Corp 55,768 56,669
Amphenol Corp 4.75% 24,930 25,013
Equifax Inc SR NT 5.10% 25,242 25,134
GSK Consumer Healthcare 3.375% 29,252 29,125
Mohawk Inds Inc 5.85% 31,483 30,847
Netflix Inc Fxd Rt Sr Nt 4.875% 30,139 30,120
Roper Technologies Inc SR NT 2.950% 23,335 22,838
Ryder Sys Inc Medium Term NTS 2.850% 38,568 38,397
Take-Two Interactive Software Inc SR NT 5.00% 25,457 25,064

TY 2024 InvestmentsCorpStockSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Name of Stock End of Year Book Value End of Year Fair Market Value
FIDELITY ADVISOR FLOATING RATE 26,099 25,099
ISHARE CORE SP500 ETF 1,992,981 5,341,682
ISHARES EMERGING MKTS 911,060 1,070,592
ISHARES ESG AWARE MSCI EAFE ETF 750,065 712,670
ISHARES ESG AWARE MSCI USA ETF 749,861 986,117
ISHARES MSCI ACWI LOW CARBON 1,964,585 3,589,159
ISHARES MSCI EAFE INDEX FUND 1,699,168 2,229,739
ISHARES MSCI EAFE SMALL CAP FUND 587,472 731,430
ISHARES RUSSELL 2000 GROWTH 141,530 654,791
ISHARES SMALL VALUE 224,145 459,676
TD AMERITRADE - CCM Community (FKA CRA) 730,100 645,856
TD AMERITRADE I SHARES 35,995 176,604
Nuveen Core Impact Fund (FKA TIAA) 730,000 628,354

TY 2024 InvestmentsGovtObligationsSch
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

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


25,765
State & Local Government Securities - End of Year Fair Market Value:


20,581


TY 2024 InvestmentsOtherSchedule2
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NEW SUMMIT IMPACT FUND III-B AT COST 355,485 371,724

TY 2024 OtherAssetsSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Div & Income Receivable 6,773 4,901 4,901
Calvert Impact Capital - Community Investment Note 375,000 500,000 500,000
Reinvestment Fund - Promissory Note 500,000 500,000 500,000
BlueHub Loan Fund Inc - Promissory Note 500,000 500,000 500,000
Enterprise Community Impact Note 500,000 500,000 500,000


TY 2024 OtherDecreasesSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Description Amount
Tax/Cost basis difference - stock sales Atapco gift 238,410


TY 2024 OtherExpensesSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Equipment/Equip Maintenance 702 0   702
Supplies 63 0   63
Telephone 673 0   673
Bank Fees 11 0   11
Software 1,387 0   1,387
Dues & Subscriptions 118 0   118
IT Support 1,637 0   1,637


TY 2024 OtherIncomeSchedule2
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
New Summit III-B -31,252 -31,258 -31,252


TY 2024 OtherProfessionalFeesSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Executive Search - Consulting Fee 6,746 0   6,746
Fees- First Manhattan 4,139 4,139   0


TY 2024 TaxesSchedule
Name:
The Elizabeth B and Arthur E Roswell
 
Foundation Inc
EIN:
52-1490498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign tax 11,066 11,066   0
Excise tax 6,750 0   0