Drs Bruce & Lee Foundation
- Assets
- $254.1m
- Revenue
- $12.6m
- Investments
- $217.8m
- Employees
- 0
- Location
- Florence, SC
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 57-0902483
Organization Overview
Drs Bruce & Lee Foundation is located in Florence, SC. The organization was established in 2001. 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. Drs Bruce & Lee 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 12/2021, Drs Bruce & Lee Foundation generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $17.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Drs Bruce & Lee Foundation has awarded 90 individual grants totaling $28,172,192. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley L Callicott Executive Director | 40 | $208,143 | |
C Edward Floyd MD Chairman/trustee | 6 | $27,700 | |
John L Bruce Jr DMD Vice Chairman/trustee | 6 | $27,700 | |
Mark W Buyck Jr Secretary/trustee | 6 | $27,700 | |
Haigh Porter Trustee | 6 | $27,700 | |
Henry Swink Trustee | 6 | $27,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Palmetto Corp Of Conway Inc | 12/30/21 | $824,308 |
Primrose Ventures Llc | 12/30/21 | $186,956 |
Lh Stokes & Son Inc | 12/30/21 | $60,530 |
Willcox Buyck & Williams Pa | 12/30/21 | $56,915 |
Thomas & Hutton | 12/30/21 | $52,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,737,573 |
| Net Rental Income | $844,101 |
| Net Gain on Sale of Assets | $6,547,081 |
| Capital Gain Net Income | $9,485,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $119,811 |
| Total Revenue | $12,559,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $479,143 |
| Other employee salaries and wages | $68,405 |
| Pension plans, employee benefits | $159,944 |
| Interest | $0 |
| Taxes | $173,766 |
| Depreciation | $96,408 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34,253 |
| Printing and publications | $0 |
| Other expenses | $249,005 |
| Total operating and administrative expenses | $2,542,389 |
| Contributions, gifts, grants paid | $14,607,766 |
| Total expenses and disbursements | $17,150,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $964,187 |
| Savings and temporary cash investments | $6,636,269 |
| Net Accounts receivable | $123,781 |
| 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 | $37,867 |
| Net Investments - land, buildings, equipment | $4,536,102 |
| Investments—mortgage loans | $0 |
| Investments—other | $217,834,944 |
| Net Land, buildings, and equipment | $15,634 |
| Other assets | $23,929,790 |
| Total assets | $254,078,574 |
| Accounts payable and accrued expenses | $314,046 |
| Grants payable | $9,551,476 |
| Deferred revenue | $620,613 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,049,000 |
| Total liabilities | $11,535,135 |
Grants Awarded
Over the last fiscal year, Drs Bruce & Lee Foundation has awarded $14,790,290 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Florence, SC PURPOSE: MEDICAL EDUCATION INITIATIVES | $9,000,000 |
Florence, SC PURPOSE: MEDICAL EDUCATION INITIATIVES | $3,500,000 |
HARVEST HOPE FOOD BANK PURPOSE: NEW FOOD DISTRIBUTION FACILITY | $1,000,000 |
CITY OF FLORENCE PURPOSE: FLORENCE VETERANS PARK | $250,000 |
Charleston, SC PURPOSE: CONSTRUCTION OF NEW HOSPITAL | $250,000 |
FLORENCE PUBLIC SCHOOL DISTRICT ONE PURPOSE: MCCLENAGHAN PLACE PARK | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drs Bruce & Lee Foundation has recieved totaling $57.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: EMPLOYEE MATCHING GIFTS | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC | $24,429,919 | $23,743,960 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
2040 Foundation Inc Charlotte, NC | $132,102,350 | $2,340,203 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |