Form990-PF
Click to see attachment
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE BRUNING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4809 LAUREL LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FT MYERS, FL33908
A Employer identification number

36-6068626
B Telephone number (see instructions)

(847) 736-7451
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$20,131,617J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 497,755 497,755  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 633,086
b Gross sales price for all assets on line 6a 7,448,235
7 Capital gain net income (from Part IV, line 2)... 633,086
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,121 -731  
12 Total. Add lines 1 through 11........ 1,131,962 1,130,110  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 39,710 39,710   9,928
c Other professional fees (attach schedule).... Click to see attachment 181,993 181,993    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 63,246 63,246    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 30,030 26,306   22,581
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,093 1,093   1,093
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 316,072 312,348   33,602
25 Contributions, gifts, grants paid....... 748,500 748,500
26 Total expenses and disbursements. Add lines 24 and 25 1,064,572 312,348   782,102
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 67,390
b Net investment income (if negative, enter -0-) 817,762
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,077,753 964,266 964,266
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,340,328 Click to see attachment1,628,238 1,617,196
b Investments—corporate stock (attach schedule)....... 10,231,225 Click to see attachment13,759,345 14,971,942
c Investments—corporate bonds (attach schedule)....... 1,256,414 Click to see attachment2,589,567 2,546,257
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment262 Click to see attachment31,956 Click to see attachment31,956
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,905,982 18,973,372 20,131,617
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,833,892 5,833,892
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 13,072,090 13,139,480
29 Total net assets or fund balances (see instructions)..... 18,905,982 18,973,372
30 Total liabilities and net assets/fund balances (see instructions). 18,905,982 18,973,372
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
18,905,982
2
Enter amount from Part I, line 27a .....................
2
67,390
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
18,973,372
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,973,372
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NAT'L FINL SERVICES (5962) P    
b NAT'L FINL SERVICES (7770) P    
c NAT'L FINL SERVICES (8373) P    
d NAT'L FINL SERVICES (9881) P    
e MORGAN STANLEY (1742) P    
MORGAN STANLEY (1742) P    
MORGAN STANLEY (1742) P    
MORGAN STANLEY (1742) P    
MORGAN STANLEY (2684) P    
MORGAN STANLEY (2792) P    
SEC LITIGATION CLAIMS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 884,620   819,697 64,923
b 806,954   681,892 125,062
c 59,361   45,253 14,108
d 513,097   362,966 150,131
e 157,144   159,452 -2,308
707,144   720,439 -13,295
1,592,150   1,503,451 88,699
487,421   496,524 -9,103
1,241,318   1,176,635 64,683
998,629   848,840 149,789
397     397
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       64,923
b       125,062
c       14,108
d       150,131
e       -2,308
      -13,295
      88,699
      -9,103
      64,683
      149,789
      397
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 633,086
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 189,766
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 11,367
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,367
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 50,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 38,633
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet38,633 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCHRISTIAN B SILGE Telephone no.bullet (847) 736-7451

    Located atbullet10318 ORCHID RESERVE DRIVEWEST PALM BEACHFL ZIP+4bullet33412
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES BRUNING III PRESIDENT/DI
    000.00     		0 0 0
    11401 OSPREY LANDING
    FT MYERS,FL33908
    SUSAN B WULFF V.P./DIRECTO
    000.00     		0 0 0
    568 LEXINGTON DRIVE
    OREGON,WI53575
    CHRISTIAN B SILGE TREASURER/DI
    000.00     		0 0 0
    10318 ORCHID RESERVE DRIVE
    WEST PALM BEACH,FL33412
    JEANNE B JOSEPH DIRECTOR
    000.00     		0 0 0
    28 REST LAKE ROAD
    MANITOWISH WATERS,WI54545
    KIMBERLY B DONAHUE DIRECTOR
    000.00     		0 0 0
    10673 QUAIL RIDGE DRIVE
    PONTE VEDRA,FL32081
    TRACY S BRUNING DIRECTOR
    000.00     		0 0 0
    4809 LAUREL LANE
    FT MYERS,FL33908
    JAMES P BRUNING DIRECTOR
    000.00     		0 0 0
    1309 HAT CREEK TRAIL
    SOUTHLAKE,TX76092
    KATHLEEN J BRUNING CORPORATE SE
    000.00     		0 0 0
    11401 OSPREY LANDING
    FT MYERS,FL33908
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MORGAN STANLEY DOMESTIC HOLDINGS INC
    MORGAN STANLEY SMITH BARNEY LLCClick to see attachment     		INVESTMENT 181,991
    1 NEW YORK PLAZA 40TH FLOOR
    NEW YORK,NY10004
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    16,425,817
    b
    Average of monthly cash balances.......................
    1b
    3,352,624
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,778,441
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    19,778,441
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    296,677
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    19,481,764
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    974,088
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    974,088
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    11,367
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,367
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    962,721
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    962,721
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    962,721
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 962,721
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 641,853
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 782,102
    a Applied to 2020, but not more than line 2a 641,853
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 140,249
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		822,472
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    HERBERT F BRUNING
    PAUL J BRUNING
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACUPUNCTURISTS WITHOUT BORDERS
    4605 NE FREMONT ST 204
    PORTLAND,OR97213     		  PC:509(A)(1) MEDICAL 2,000
    ANIXTER CENTER
    1945 W WILSON AVENUE
    CHICAGO,IL60640     		  PC:509(A)(1) CHARITABLE 2,500
    ARIZONA STATE UNIVERSITY
    300 E UNIVERSITY DRIVE
    TEMPE,AZ85281     		  PC:509(A)(1) EDUCATIONAL 10,000
    AVON OLD FARMS
    500 OLD FARMS ROAD
    AVON,CT06001     		  PC:509(A)(1) CHARITABLE 5,000
    BAYAUD ENTERPRISES INC
    333 W BAYAUD AVENUE
    DENVER,CO80223     		  PC:509(A)(1) CHARITABLE 2,500
    BE THE MATCH
    500 N 5TH STREET
    MINNEAPOLIS,MN554011206     		  PC:509(A)(1) MEDICAL 5,000
    BEEF 4 HUNGER
    PO BOX 464
    LAKE FOREST,IL60045     		  PC:509(A)(1) CHARITABLE 15,000
    BRIDGING BIONICS FOUNDATION
    PO BOX 3767
    BASALT,CO81621     		  PC:509(A)(1) CHARITABLE 3,000
    CAMP JORN
    13591 ZENNER LANE
    MANITOWISH WATERS,WI54545     		  PC:509(A)(1) CHARITABLE 5,000
    CAN-DO CANINES
    9440 SCIENCE CENTER DRIVE
    NEW HOPE,MN55428     		  PC:509(A)(1) CHARITABLE 9,000
    CARMEL HIGH SCHOOL
    1 CARMEL PARKWAY
    MUNDELEIN,IL60060     		  PC:509(A)(1) EDUCATIONAL 10,000
    CHALLENGE ASPEN
    PO BOX 6639
    SNOWMASS VILLAGE,CO81615     		  PC:509(A)(1) CHARITABLE 3,000
    COLLEGE OF THE HOLY CROSS
    1 COLLEGE STREET
    WORCESTER,MA01610     		  PC:509(A)(1) EDUCATIONAL 6,000
    COLORADO HEALTH NETWORK INC
    6260 E COLFAX AVENUE
    DENVER,CO80220     		  PC:509(A)(1) CHARITABLE 2,500
    DAIS
    2102 FORDEM AVENUE
    MADISON,WI53704     		  PC:509(A)(1) CHARITABLE 5,000
    DALLAS ARBORETUM AND BOTANICAL
    GARDEN
    8525 GARLAND ROAD
    DALLAS,TX75218     		  PC:509(A)(1) CHARITABLE 5,000
    DALLAS THEATER CENTER
    2400 FLORA STREET
    DALLAS,TX75201     		  PC:509(A)(1) CHARITABLE 5,000
    DAN'S HANDS EDUCATION FOUNDATION
    357 SOUTH MILL VIEW WAY
    PONTE VEDRA BEACH,FL32082     		  PC:509(A)(1) CHARITABLE 2,500
    DENVER CHAPTER PROJECT HEALING
    WATERS
    6950 BROADWAY
    DENVER,CO80221     		  PC:509(A)(1) CHARITABLE 2,000
    DICKINSON COLLEGE
    28 N COLLEGE STREET
    CARLISLE,PA17013     		  PC:509(A)(1) EDUCATIONAL 2,500
    DUCKS UNLIMITED
    ONE WATERFOWL WAY
    MEMPHIS,TN38120     		  PC:509(A)(1) CHARITABLE 50,000
    ELKS NATIONAL FOUNDATION
    2750 N LAKEVIEW AVENUE
    CHICAGO,IL606141889     		  PC:509(A)(1) CHARITABLE 5,000
    FEED MY STARVING CHILDREN
    401 93RD AVENUE NW
    COON RAPIDS,MN55433     		  PC:509(A)(1) CHARITABLE 5,000
    FRIENDS OF THE GTM RESERVE
    450 GUANA RIVER ROAD
    PONTE VEDRA BEACH,FL32082     		  PC:509(A)(1) CHARITABLE 10,000
    GARRETT EVANGELICAL THEOLOGICAL
    SEMINARY
    2121 SHERIDAN ROAD
    EVANSTON,IL602012926     		  PC:509(A)(1) CHARITABLE 5,000
    GLADIOLUS FOOD PANTRY
    10511 GLADIOLUS DRIVE
    FT MYERS,FL33908     		  PC:509(A)(1) CHARITABLE 12,500
    GOLISANO CHILDRENS HOSPITAL
    16451 S HEALTHPARK COMMON
    SUITE 200
    FT MYERS,FL33908     		  PC:509(A)(1) CHARITABLE 50,000
    GRAPEVINE RELIEF & COMMUNITY
    EXCHANGE
    837 E WALNUT STREET
    GRAPEVINE,TX76051     		  PC:509(A)(1) CHARITABLE 5,000
    HENRY PREDOLIN SCHOOL OF NURSING
    1000 EDGEWOOD COLLEGE DR
    MADISON,WI53711     		  PC:509(A)(1) CHARITABLE 5,000
    HISTORIC IRONWOOD THEATER
    PO BOX 187
    IRONWOOD,MI49938     		  PC:509(A)(1) CHARITABLE 2,000
    HONOR CONOR INC
    115 N SADDLE RIDGE
    WEST SIMSBURY,CT06092     		  PC:509(A)(1) CHARITABLE 10,000
    IBIS FRIENDS OF VETERANS
    10130 NORTHLAKE BLVD
    SUITE 214-303
    WEST PALM BEACH,FL33412     		  PC:509(A)(1) CHARITABLE 1,000
    JACKSONVILLE UNIVERSITY
    2800 UNIVERSITY BLVD N
    JACKSONVILLE,FL32211     		  PC:509(A)(1) EDUCATIONAL 20,000
    JOHN PITTARD ELEMENTARY SCHOOL
    745 DEJARNETTE LANE
    MURFREESBORO,TN37130     		  PC:509(A)(1) EDUCATIONAL 5,000
    LARC INC
    2570 HANSON STREET
    FORT MYERS,FL33901     		  PC:509(A)(1) CHARITABLE 5,000
    LAZARUS HOUSE
    214 WALNUT STREET
    SAINT CHARLES,IL60174     		  PC:509(A)(1) CHARITABLE 2,500
    LOVE FUTBOL INC
    5105 CHEVY CHASE PARKWAY
    WASHINGTON,DC20008     		  PC:509(A)(1) CHARITABLE 2,500
    LYMPHOMA RESEARCH FOUNDATION
    WALL STREET PLAZA
    88 PINE STREET STE 2400
    NEW YORK,NY10005     		  PC:509(A)(1) MEDICAL 5,000
    MAGDALENE HOUSE CHICAGO INC
    PO BOX 1541
    N RIVERSIDE,IL605463541     		  PC:509(A)(1) CHARITABLE 10,000
    MANITOWISH WATERS HISTORICAL
    SOCIETY
    BOX 100 HWY 51
    MANITOWISH WATERS,WI54545     		  PC:509(A)(1) CHARITABLE 9,000
    MAX MCGRAW WILDLIFE FOUNDATION
    14N322 ILLINOIS 25
    EAST DUNDEE,IL60118     		  PC:509(A)(1) CHARITABLE 40,000
    ME SQUARED CANCER CENTER
    450 N KIMBALL AVENUE
    SUITE 140
    SOUTHLAKE,TX76092     		  PC:509(A)(1) MEDICAL 20,000
    MEDICAL BENEVOLENCE FUND
    PO BOX 9877
    WASHINGTON,DC20090     		  PC:509(A)(1) CHARITABLE 15,000
    MI CASA RESOURCE CENTER
    345 SOUTH GROVE
    DENVER,CO80219     		  PC:509(A)(1) CHARITABLE 2,500
    NASHVILLE BIBLICAL STUDIES
    1716 BLUELAKE CT
    FRANKLIN,TN37064     		  PC:509(A)(1) CHARITABLE 5,000
    NORTH LAKELAND DISCOVERY CENTER
    PO BOX 237
    MANITOWISH WATERS,WI54545     		  PC:509(A)(1) CHARITABLE 65,000
    NORTHSHORE INTEGRATIVE MEDICINE
    PHILANTHROPY DEPT
    1033 UNIVERSITY PLACE 450
    EVANSTON,IL60201     		  PC:509(A)(1) CHARITABLE 7,500
    NORTHWEST COMMUNITY HEALTHCARE
    3060 W SALT CREEK LANE
    ARLINGTON HEIGHTS,IL60005     		  PC:509(A)(1) CHARITABLE 50,000
    NPH USA
    134 N LA SALLE STREET
    SUITE 500
    CHICAGO,IL606021036     		  PC:509(A)(1) CHARITABLE 5,000
    OPERATION FREEDOM INC
    133 INDIANA STREET
    PARK FOREST,IL60466     		  PC:509(A)(1) CHARITABLE 5,000
    ORANGE COUNTY BIBLE FELLOWSHIP
    1053 SANTA CRUZ CIRCLE
    COSTA MESA,CA92626     		  PC:509(A)(1) CHARITABLE 7,000
    OREGON PUBLIC LIBRARY
    256 BROOK STREET
    OREGON,WI53575     		  PC:509(A)(1) EDUCATIONAL 20,000
    OUR REDEEMER LUTHERAN SCHOOL
    1701 MCKENNA BOULEVARD
    MADISON,WI53711     		  PC:509(A)(1) CHARITABLE 5,000
    OVERTURE CENTER FOR THE ARTS
    201 STATE STREET
    MADISON,WI53703     		  PC:509(A)(1) CHARITABLE 8,000
    PATRIOTS 4 INC
    10500 HUME ROAD
    MARSHALL,VA20115     		  PC:509(A)(1) CHARITABLE 5,000
    PEACE DRAGON
    104 KENNET ROAD
    OLD HICKORY,TN37138     		  PC:509(A)(1) CHARITABLE 15,000
    PKT ENTERPRISES
    1500 FILLMORE ST NE
    SUITE 150
    MINNEAPOLIS,MN55413     		  PC:509(A)(1) CHARITABLE 4,000
    PONTE VEDRA YMCA
    170 LANDRUM LANE
    PONTE VEDRA,FL32082     		  PC:509(A)(1) CHARITABLE 20,000
    PROJECT ANGEL HEART INC
    4950 WASHINGTON STREET
    DENVER,CO80216     		  PC:509(A)(1) CHARITABLE 2,500
    PROSPECT VALLEY ELEMENTARY
    SCHOOL PTA
    34 PIERSON STREET
    WHEAT RIDGE,CO80033     		  PC:509(A)(1) CHARITABLE 2,000
    REPS
    PO BOX 773324
    STEAMBOAT SPRINGS,CO80477     		  PC:509(A)(1) CHARITABLE 2,000
    RISE INC
    8406 SUNSET ROAD NE
    SPRING LAKE PARK,MN554321387     		  PC:509(A)(1) CHARITABLE 4,000
    SANIBEL CAPTIVA CONSERVATION
    FOUNDATION
    3333 SANIBEL CAPTIVA ROAD
    SANIBEL,FL33957     		  PC:509(A)(1) CHARITABLE 20,000
    SCHOLL COMMUNITY IMPACT GROUP
    6003 OLD COUNTY W
    WINCHESTER,WI54557     		  PC:509(A)(1) CHARITABLE 5,000
    SEAMARK RANCH
    1 SAN JOSE PLACE STE 31
    JACKSONVILLE,FL32257     		  PC:509(A)(1) CHARITABLE 20,000
    SHATTUCK-ST MARY'S SCHOOL
    1000 SHUMWAY AVENUE
    FAIRBAULT,MN55021     		  PC:509(A)(1) CHARITABLE 5,000
    ST JAMES THE LESS MEMORIAL GARDEN
    550 SUNSET RIDGE ROAD
    NORTHFIELD,IL60093     		  PC:509(A)(1) CHARITABLE 2,000
    ST THOMAS RUTHERFORD FOUNDATION
    1700 MEDICAL CENTER PKWY
    MURFREESBORO,TN37129     		  PC:509(A)(1) CHARITABLE 5,000
    STOBER ELEMENTARY SCHOOL PTA
    2300 URBAN STREET
    LAKEWOOD,CO80215     		  PC:509(A)(1) EDUCATIONAL 2,000
    THE FIRST TEE OF GREATER DALLAS
    16200 ADDISON ROAD
    ADDISON,TX75001     		  PC:509(A)(1) CHARITABLE 3,000
    TICE FIRE DEPARTMENT
    9351 WORKMEN WAY
    FORT MYERS,FL33905     		  PC:509(A)(1) CHARITABLE 2,000
    TKE EDUCATIONAL FOUNDATION
    7439 WOODLAND DRIVE
    SUITE 100
    INDIANAPOLIS,IN46278     		  PC:509(A)(1) CHARITABLE 10,000
    TWIN CITIES PET RESCUE
    PO BOX 28245
    ST PAUL,MN55128     		  PC:509(A)(1) CHARITABLE 5,000
    UNITED WAY - LEE COUNTY
    7273 CONCOURSE DRIVE
    FT MYERS,FL339082644     		  PC:509(A)(1) CHARITABLE 3,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI537264090     		  PC:509(A)(1) EDUCATIONAL 5,000
    VISION LOSS RESOURCES INC
    1936 LYNDALE AVENUE SOUTH
    MINNEAPOLIS,MN55403     		  PC:509(A)(1) CHARITABLE 2,000
    WIND WALKERS THERAPEUTIC RIDING
    1030 CR 102 PO BOX 504
    CARBONDALE,CO81623     		  PC:509(A)(1) CHARITABLE 11,000
    WISCONSIN BIBLE FELLOWSHIP
    3611 BEE LANE
    BELOIT,WI53511     		  PC:509(A)(1) RELIGOUS 10,000
    WOODLANDS ACADEMY OF THE SACRED
    HEART
    760 E WESTLEIGH ROAD
    LAKE FOREST,IL60045     		  PC:509(A)(1) EDUCATIONAL 7,000
    Total .................................bullet 3a 748,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 633,086  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFIXED INCOME OPPORT QP     		    18 -18,960  
    bCK OPPORTUNITIES     18 -4,259  
    cBROOKFIELD SPECIAL INVESTME     18 7,231  
    dBOYD WATTERSON STATE GOVT     18 -748  
    eNAT'L FINL (5967)     18 1,919  
    fNAT'L FINL (7768)     18 235  
    gNAT'L FINL (7770)     18 525  
    hNAT'L FINL (7773)     18 3,698  
    iNAT'L FINL (7775)     18 2,881  
    jNAT'L FINL (8373)     18 4,858  
    kNAT'L FINL (1590)     18 720  
    lNAT'L FINL (3758)     18 1,169  
    mFIXED INCOME OPPORTUNITY 525990 313 18    
    nBROOKFIELD SPECIAL INVESTME 525990 1,539 18    
    12 Subtotal. Add columns (b), (d), and (e) .. 1,852 1,130,110  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,131,962
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BERTRAND P. MCANDREW & ASSOCIATE 39,710 39,710   9,928
    ACCOUNTING AND TAX FEES        

    TY 2021 ContractorCompensationExpln
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Contractor Explanation
    MORGAN STANLEY DOMESTIC HOLDINGS INC
    MORGAN STANLEY SMITH BARNEY LLC     		INVESTMENT FEES

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SEE ATT'D SCHEDULE 2,589,567 2,546,257

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SEE ATT'D SCHEDULE 13,759,345 14,971,942

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    US Government Securities - End of Year Book Value:

    1,628,238
    US Government Securities - End of Year Fair Market Value:

    1,617,196
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2021 OtherAssetsSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST & DIVIDEND RECEIVABLE 262 31,956 31,956


    TY 2021 OtherExpensesSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSES 1,093 1,093   1,093


    TY 2021 OtherIncomeSchedule2
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FIXED INCOME OPPORT QP -18,960 -18,960  
    CK OPPORTUNITIES -4,259 -4,259  
    BROOKFIELD SPECIAL INVESTMENT 7,231 7,231  
    BOYD WATTERSON STATE GOVT -748 -748  
    NAT'L FINL (5967) 1,919 1,919  
    NAT'L FINL (7768) 235 235  
    NAT'L FINL (7770) 525 525  
    NAT'L FINL (7773) 3,698 3,698  
    NAT'L FINL (7775) 2,881 2,881  
    NAT'L FINL (8373) 4,858 4,858  
    NAT'L FINL (1590) 720 720  
    NAT'L FINL (3758) 1,169 1,169  
    FIXED INCOME OPPORTUNITY 313    
    BROOKFIELD SPECIAL INVESTMENT 1,539    


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVEST FEES MS (0607) 48,000 48,000    
    INVEST FEES MS (0607) 1,762 1,762    
    INVEST FEES MS (1736) 16,529 16,529    
    INVEST FEES MS (1742) 17,958 17,958    
    INVEST FEES MS (1761) 7,773 7,773    
    INVEST FEES MS (2684) 53,189 53,189    
    INVEST FEES MS (2792) 36,780 36,780    
    INVEST FEES MS (2253) 2 2    


    TY 2021 TaxesSchedule
    Name:
    THE BRUNING FOUNDATION
    EIN:
    36-6068626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES MS (2684) 2,411 2,411    
    FEDERAL EXCISE TAX 60,835 60,835