Stephen And Renee Bisciotti Foundation Inc
- Assets
- $0.0
- Revenue
- $66.7m
- Investments
- $282.6m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/2002
- Data as of
- 12/2021
- 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 12/2021, Stephen And Renee Bisciotti Foundation Inc generated $66.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Stephen And Renee Bisciotti Foundation Inc has awarded 300 individual grants totaling $118,006,413. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CREATED THE OZZIE NEWSOME SCHOLARS PROGRAM TO SUPPORT BALTIMORE CITY PUBLIC SCHOOL GRADUATES ATTENDING MARYLAND'S FOUR HBCUS. THE FOUNDATION HOSTED A LUNCHEON SUPPORTING THE OZZIE NEWSOME SCHOLARS PROGRAM WHICH BROUGHT TOGETHER STUDENTS PARTICIPATING IN THE PROGRAM, HBCU REPRESENTATIVES, AND COLLEGEBOUND FOUNDATION STAFF TO ENCOURAGE COHESIVENESS, FACILITATE NETWORKING AMONG THE STUDENTS, UNIVERSITY AND COLLEGE SUPPORT REPRESENTATIVES, AND INTRODUCE THE STUDENTS TO BUSINESS AND COMMUNITY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee F Bisciotti President, Treasurer & Secretary | 0.01 | $0 | |
Stephen J Bisciotti Director | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Point Field Partners Holding Company Llc | 12/30/22 | $1,074,621 |
Marquette Associates Inc | 12/30/22 | $223,320 |
Pluck Llc | 12/30/22 | $101,802 |
Holotype | 12/30/22 | $121,744 |
Spencer Stuart | 12/30/22 | $187,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,168,988 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,724,813 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,736,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,466,723 |
| Contributions, gifts, grants paid | $7,076,937 |
| Total expenses and disbursements | $8,543,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,533,971 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,001,351 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stephen And Renee Bisciotti Foundation Inc has awarded $66,386,123 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE COMMUNITY FOUNDATION INC PURPOSE: CIVIC LEADERSHIP FUND | $40,000 |
BALTIMORE HOMECOMING INC PURPOSE: GENERAL OPERATING | $25,000 |
BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY PURPOSE: AFTER SCHOOL PROGRAMS | $75,000 |
BOYS AND GIRLS CLUB OF MARTIN COUNTY PURPOSE: GENERAL UNRESTRICTED | $1,000,000 |
BOYS AND GIRLS CLUB OF ANNAPOLIS AND ANNE ARUNDEL COUNTY PURPOSE: YOUTH OF THE YEAR | $25,000 |
BOWIE STATE UNIVERSITY FOUNDATION PURPOSE: OZZIE NEWSOME SCHOLARS PROGRAM | $50,000 |