Bruce Foundation

Chicago, IL
Tax-exempt since Jan. 1999
EIN: 36-4257410

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$18.3M (2024)

Expenses

$1.94M (2024)

Total Assets

$23.4M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$18,312,231

Expenses

$1,942,034

Net Income

$16,370,197

Net Assets

$23,444,465

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,971,715	98.1%
Interest Revenue	$119,172	0.7%
Dividends	$573,661	3.1%
Sales of Assets	-$352,317
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,914,189	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,444,465
Total Liabilities	$0
Net Assets	$23,444,465

Compensation

Key Employees and Officers	Compensation	Other
Susan M Bruce (Vice Preside)	$0	$0
Elizabeth H Bruce (Vice Preside)	$0	$0
R Jeffrey Bruce (Pres Sec.Tre)	$0	$0

990-PF

Filed on April 28, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$811,953

Expenses

$1,117,303

Net Income

-$305,350

Net Assets

$9,118,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	24.6%
Interest Revenue	$151,539	18.7%
Dividends	$197,968	24.4%
Sales of Assets	$262,446	32.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,117,303	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,118,018
Total Liabilities	$0
Net Assets	$9,118,018

Compensation

Key Employees and Officers	Compensation	Other
Robert B Bruce (Principal Mg)	$0	$0
R Jeffrey Bruce (President Tr)	$0	$0
Susan M Bruce (Vice Preside)	$0	$0
Elizabeth H Bruce (Vice Preside)	$0	$0

+ View more people

990-PF

Filed on June 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$485,715

Expenses

$747,257

Net Income

-$261,542

Net Assets

$9,418,843

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$127,802	26.3%
Dividends	$181,476	37.4%
Sales of Assets	$176,098	36.3%
Other Income	$339	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$747,257	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,418,843
Total Liabilities	$0
Net Assets	$9,418,843

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Principal Mg)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on May 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,065,928

Expenses

$762,462

Net Income

$303,466

Net Assets

$9,677,033

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	37.5%
Interest Revenue	$121,806	11.4%
Dividends	$150,957	14.2%
Sales of Assets	$393,165	36.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$749,961	98.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,677,033
Total Liabilities	$0
Net Assets	$9,677,033

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Principal Mg)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on June 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$2,232,542

Expenses

$631,274

Net Income

$1,601,268

Net Assets

$9,371,694

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000,000	89.6%
Interest Revenue	$163,244	7.3%
Dividends	$145,092	6.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$621,625	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,371,695
Total Liabilities	$1
Net Assets	$9,371,694

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Principal Mg)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on May 3, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$6,611,491

Expenses

$537,233

Net Income

$6,074,258

Net Assets

$7,793,621

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,000,000	90.8%
Interest Revenue	$58,473	0.9%
Dividends	$75,407	1.1%
Sales of Assets	$477,611	7.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$531,386	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,793,622
Total Liabilities	$1
Net Assets	$7,793,621

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Principal Mg)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on Aug. 31, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$785,361

Expenses

$304,114

Net Income

$481,247

Net Assets

$1,717,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$489,930	62.4%
Interest Revenue	$14,526	1.8%
Dividends	$56,689	7.2%
Sales of Assets	$224,216	28.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,051	99.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,717,977
Total Liabilities	$0
Net Assets	$1,717,977

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Principal Mg)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on May 16, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$564,777

Expenses

$241,028

Net Income

$323,749

Net Assets

$1,702,404

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$477,800	84.6%
Interest Revenue	$14,046	2.5%
Dividends	$65,275	11.6%
Sales of Assets	$7,656	1.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$237,965	98.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,702,404
Total Liabilities	$0
Net Assets	$1,702,404

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Princ. Mgr)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on Aug. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$102,328

Expenses

$223,174

Net Income

-$120,846

Net Assets

$1,853,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,250	2.2%
Interest Revenue	$13,438	13.1%
Dividends	$47,230	46.2%
Sales of Assets	$39,410	38.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,149	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,853,970
Total Liabilities	$0
Net Assets	$1,853,970

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Princ. Mgr)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on June 28, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$166,083

Expenses

$264,900

Net Income

-$98,817

Net Assets

$1,975,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,622	2.2%
Interest Revenue	$27,686	16.7%
Dividends	$49,107	29.6%
Sales of Assets	$85,668	51.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$259,862	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,975,917
Total Liabilities	$0
Net Assets	$1,975,917

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Prin. Mgr)	$0	$0
R Jeffrey Bruce (Director)	$0	$0

990-PF

Filed on June 30, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$273,431

Expenses

$215,536

Net Income

$57,895

Net Assets

$1,965,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,046	2.2%
Interest Revenue	$0
Dividends	$54,783	20.0%
Sales of Assets	$212,602	77.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$206,000	95.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,965,885
Total Liabilities	$0
Net Assets	$1,965,885

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Prin. Mgr)	$0	$0

990-PF

Filed on June 24, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$257,754

Expenses

$182,541

Net Income

$75,213

Net Assets

$1,909,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.0%
Dividends	$131,491	51.0%
Sales of Assets	$119,371	46.3%
Other Income	$6,875	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,000	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,909,233
Total Liabilities	$0
Net Assets	$1,909,233

Compensation

Key Employees and Officers	Compensation	Other
Robert Bruce (Prin. Mgr)	$0	$0

990-PF

Filed on Aug. 4, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

-$48,902

Expenses

$143,444

Net Income

-$192,346

Net Assets

$1,920,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$92,478
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,000	97.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,920,674
Total Liabilities	$0
Net Assets	$1,920,674

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$418,671

Expenses

$111,188

Net Income

$307,483

Net Assets

$2,045,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$98,772	23.6%
Sales of Assets	$319,899	76.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,000	89.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,045,774
Total Liabilities	$0
Net Assets	$2,045,774

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

Bruce Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $18.3M (2024)

Expenses $1.94M (2024)

Total Assets $23.4M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$18.3M (2024)

Expenses

$1.94M (2024)

Total Assets

$23.4M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001