Bruce And Deborah Duncan Foundation
- Assets
- $22.2m
- Revenue
- $1.7m
- Investments
- $15.9m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-3871657
Organization Overview
Bruce And Deborah Duncan Foundation is located in Naples, FL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bruce And Deborah Duncan Foundation 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 12/2022, Bruce And Deborah Duncan Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bruce And Deborah Duncan Foundation has awarded 237 individual grants totaling $6,181,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce W Duncan President | 1 | $0 | |
Deborah E Duncan Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $973,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $293,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $417,553 |
| Capital Gain Net Income | $417,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,684,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $88 |
| Taxes | $1,256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $616 |
| Total operating and administrative expenses | $2,246 |
| Contributions, gifts, grants paid | $1,340,000 |
| Total expenses and disbursements | $1,342,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,268,678 |
| 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 | $1,573,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,154,078 |
| 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, Bruce And Deborah Duncan Foundation has awarded $1,340,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE PLACE INC PURPOSE: TO ELIMINATE DOMESTIC VIOLENCE AND SEXUAL ASSAULT IN THE NANTUCKET COMMUNITY WHILE EMPOWERING EVERY WOMAN, MAN AND CHILD TO LIVE A LIFE FREE FROM VIOLENCE | $15,000 |
ARTIS-NAPLES PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |
AMERICAN RED CROSS PURPOSE: PREVENTS AND ALLEVIATES HUMAN SUFFERING IN THE FACE OF EMERGENCIES BY MOBILIZING THE POWER OF VOLUNTEERS AND THE GENEROSITY OF DONORS. | $50,000 |
ARTISTS ASSOCIATION OF NANTUCKET PURPOSE: CONTINUE TO OFFER OUTSTANDING EDUCATIONAL PROGRAMS, ENGAGE ACCOMPLICHED INSTRUCTORS AND SUPPORT THE TALENTED ARTIST COMMUNITY WHILE CONTINUING TO PRESERVE THE LEGACY OF NANTUCKET ART HISTORY | $20,000 |
BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST PURPOSE: RECRUITS AND SUPPORTS THROUGHOUT THE ADMISSIONS PROCESS ACADEMICALLY TALENTED AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED FROM THE BALTIMORE AREA. | $10,000 |
BIG SHOULDERS FUND PURPOSE: TO ASSIST SCHOOLS IN IMPROVING THEIR FINANCIAL SUSTAINABILITY, INNOVATING ACADEMIC PROGRAMS, EQUIPPING TEACHERS AND LEADERS, AND PROVIDING CRUCIAL SCHOLARSHIPS TO FAMILIES | $25,000 |