Stephen And Renee Bisciotti Foundation Inc
- Assets
- $229.9m
- Revenue
- $55.8m
- Investments
- $219.1m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/2002
- Data as of
- 12/2020
- EIN
- 52-2352678
Organization Overview
Stephen And Renee Bisciotti Foundation Inc is located in Baltimore, MD. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen And Renee Bisciotti Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Stephen And Renee Bisciotti Foundation Inc generated $55.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $15.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Stephen And Renee Bisciotti Foundation Inc has awarded 217 individual grants totaling $51,620,290. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Bisciotti Director | 0.01 | $0 | |
Renee F Bisciotti President, Treasurer & Secretary | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen Tax Llc | 12/30/21 | $69,650 |
Point Field Partners Holding Company Llc | 12/30/21 | $816,847 |
Venable Llp | 12/30/21 | $93,456 |
Marquette Associates Inc | 12/30/21 | $131,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,960,328 |
| Interest on Savings | $12,527 |
| Dividends & Interest | $2,882,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,894,588 |
| Capital Gain Net Income | $2,633,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,000 |
| Total Revenue | $55,799,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $62,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $122,754 |
| Total operating and administrative expenses | $2,361,182 |
| Contributions, gifts, grants paid | $13,152,190 |
| Total expenses and disbursements | $15,513,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,825,066 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,917,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $229,911,583 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stephen And Renee Bisciotti Foundation Inc has awarded $12,466,837 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF MARTIN COUNTY PURPOSE: GENERAL/UNRESTRICTED | $2,000,000 |
BOYS AND GIRLS CLUB OF MARTIN COUNTY PURPOSE: GENERAL/UNRESTRICTED | $1,000,000 |
Baltimore, MD PURPOSE: GENERAL/UNRESTRICTED | $1,000,000 |
Baltimore, MD PURPOSE: BUILDING FOR LIFE CAMPAIGN | $800,000 |
HABITAT FOR HUMANITY OF THE CHESAPEAKE PURPOSE: HABICORPS PROGRAM | $600,000 |
Baltimore, MD PURPOSE: BISCIOTTI FOUNDATION TRANSLATIONAL FUND | $549,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |