Form990-PF


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
BRUCE AND DEBORAH DUNCAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3249
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NAPLES, FL34106
A Employer identification number

20-3871657
B Telephone number (see instructions)

(312) 475-9147
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$29,972,251J 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) 2,518,740
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 202,735 202,735  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 518,823
b Gross sales price for all assets on line 6a 1,040,282
7 Capital gain net income (from Part IV, line 2)... 518,823
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).......      
12 Total. Add lines 1 through 11........ 3,240,298 721,558  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 5,500 0   5,500
c Other professional fees (attach schedule).... Click to see attachment 133 133   0
17 Interest............... 58 58   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 33,827 847   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 555 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 40,073 1,038   5,500
25 Contributions, gifts, grants paid....... 1,095,000 1,095,000
26 Total expenses and disbursements. Add lines 24 and 25 1,135,073 1,038   1,100,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,105,225
b Net investment income (if negative, enter -0-) 720,520
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............. 341,959 55,522 55,522
2 Savings and temporary cash investments......... 7,178,886 2,006,346 2,006,346
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)      
b Investments—corporate stock (attach schedule)....... 16,210,672 Click to see attachment25,686,684 25,686,684
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,670,380 Click to see attachment2,223,699 2,223,699
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,401,897 29,972,251 29,972,251
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 330,000  
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)......... 330,000 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 25,071,897 29,972,251
29 Total net assets or fund balances (see instructions)..... 25,071,897 29,972,251
30 Total liabilities and net assets/fund balances (see instructions). 25,401,897 29,972,251
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
25,071,897
2
Enter amount from Part I, line 27a .....................
2
2,105,225
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,795,129
4
Add lines 1, 2, and 3 ..........................
4
29,972,251
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,972,251
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 PUBLICALY TRADED SECURITIES - LT P    
b PUBLICALY TRADED SECURITIES - ST P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 838,418   325,349 513,069
b 201,329   196,110 5,219
c 535     535
d
e
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       513,069
b       5,219
c       535
d
e
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 2 518,823
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  
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 0
3 Add lines 1 and 2........................... 3 10,015
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,015
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 71,921
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 71,921
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 61,906
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet61,906 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletDE
    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 ofbulletBRUCE W DUNCAN Telephone no.bullet (312) 961-6662

    Located atbullet1285 GULF SHORE BLVD N SUITE 3ANAPLESFL ZIP+4bullet34102
    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
     
    No
    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
    BRUCE W DUNCAN PRESIDENT
    1.00     		0 0 0
    1285 GULF SHORE BLVD N SUITE 3A
    NAPLES,FL34102
    DEBORAH E DUNCAN VICE PRESIDENT
    1.00     		0 0 0
    1285 GULF SHORE BLVD N SUITE 3A
    NAPLES,FL34102
    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 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 NONE 0
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    22,062,638
    b
    Average of monthly cash balances.......................
    1b
    5,475,801
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,538,439
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    27,538,439
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    413,077
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    27,125,362
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,356,268
    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
    1,356,268
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,015
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,015
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,346,253
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,346,253
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,346,253
    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 1,346,253
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,089,598
    b Total for prior years:20, 20, 20 0
    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 ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,100,500
    a Applied to 2020, but not more than line 2a 1,089,598
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 10,902
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		1,335,351
    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) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    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).)
    BRUCE W DUNCAN
    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 e-mail address of the person to whom applications should be addressed:
    BRUCE W DUNCAN
    1285 GULF SHORE BLVD N SUITE 3A
    NAPLES,FL34102
    (312) 337-9633
    bThe form in which applications should be submitted and information and materials they should include:
    THERE ARE NO STANDARDIZED APPLICATION FORMS. A LETTER REQUESTING A CONTRIBUTION IS SUFFICIENT.
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATIONS MUST BE CHARITABLE, SCIENTIFIC, RELIGIOUS OR EDUCATIONAL AS DEFINED UNDER INTERNAL REVENUE CODE SECTION 170(C).
    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
    A SAFE PLACE INC
    5B WINDY WAY
    NANTUCKET,MA02554     		  PC 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 10,000
    ARTIS-NAPLES
    5833 PELICAN BAY BOULEVARD
    NAPLES,FL341082740     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    ARTISTS ASSOCIATION OF NANTUCKET
    24 AMELIA DR
    NANTUCKET,MA02554     		  PC 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
    CAMP BLUE SKIES FOUNDATION
    2820 SELWYN AVENUE BOX 767
    CHARLOTTE,NC28209     		  PC TO OFFER RESIDENTIAL CAMPS, FOUR WEEK-LONG AND ONE WEEKEND, FOR ADULTS WITH DEVELOPMENTAL DISABILITIES, TO ENHANCE THEIR LIVES THROUGH RECREATION, SOCIALIZATION AND LIFE SKILLS EDUCATION 5,000
    CENTER FOR GREAT APES
    PO BOX 488
    WAUCHULA,FL33873     		  PC TO CARE WITH DIGNITY IN A SAFE, HEALTHY, AND ENRICHING ENVIRONMENT FOR GREAT APES IN NEED OF LIFETIME CARE 20,000
    CHAMPIONS FOR LEARNING
    3606 ENTERPRISE AVE SUITE 150
    NAPLES,FL34104     		  PC TO CREATE LIFE-CHANGING LEARNING EXPERIENCES FOR EVERY STUDENT 20,000
    CHICAGO CARES
    1200 W 35TH ST UNIT 302
    CHICAGO,IL60609     		  PC TO MOBILIZE VOLUNTEERS TO BUILD A STRONGER, MORE UNIFIED CHICAGO 10,000
    COMMUNITY FOUNDATION OF COLLIER COUNTY
    1110 PINE RIDGE ROAD SUITE 200
    NAPLES,FL34108     		  PC ROYAL POINCIANA SCHOLARSHIP COMMITTEE 10,000
    CONSERVANCY OF SOUTHWEST FLORIDA
    1495 SMITH PRESERVE WAY
    NAPLES,FL34102     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 20,000
    CURTIS INSTITUTE OF MUSIC
    1718 LOCUST ST
    PHILADELPHIA,PA19103     		  PC PROVIDING MUSIC EDUCATION 10,000
    CYSTIC FIBROSIS FOUNDATION
    4550 MONTGOMERY AVENUE SUITE 1100N
    BETHESDA,MA20814     		  PC TO CURE AND CONTROL CYSTIC FIBROSIS (CF) AND TO IMPROVE THE QUALITY OF LIFE FOR THOSE WITH THE DISEASE 20,000
    GREAT HARBOR YACHT CLUB FOUNDATION
    96 WASHINGTON ST
    NANTUCKET,MA02554     		  PC TO PROMOTE THE HEALTH OF NANTUCKET HARBOR AND ITS MARINE ENVIRONMENT 20,000
    HARRY CHAPIN FOOD BANK OF SOUTHWEST FLORIDA
    3760 FOWLER STREET
    FORT MYERS,FL33901     		  PC SUPPORT THE FIGHT TO END HUNGER 25,000
    HUMANE SOCIETY NAPLES
    370 AIRPORT-PULLING RD N
    NAPLES,FL34104     		  PC DANCE W/ STARS 20,000
    KENYON COLLEGE
    209 CHASE AVE
    GAMBIER,OH43022     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 375,000
    MILLENNIUM PARK FOUNDATION
    201 EAST RANDOLPH STREET
    CHICAGO,IL60601     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    MOORINGS PRESBYTERIAN CHURCH
    791 HARBOUR DRIVE
    NAPLES,FL34103     		  PC EASTER MISSION, CHRISTMAS MISSION, GENERAL PURPOSE 25,000
    NANTUCKET ATHENEUM
    PO BOX 808
    NANTUCKET,MA02554     		  PC CONTINUE TO BRING A VARIETY OF CULTURAL AND EDUCATIONAL SERVICES AND EVENTS TO THE NANTUCKET COMMUNITY 20,000
    NANTUCKET BOYS & GIRLS CLUB
    PO BOX 269
    NANTUCKET,MA02554     		  PC ANNUAL FUND 20,000
    NANTUCKET CONSERVATION FOUNDATION
    PO BOX 13
    NANTUCKET,MA02554     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 30,000
    NANTUCKET COTTAGE HOSPITAL FOUNDATION
    PO BOX 1802
    PROVIDENCE,RI02901     		  PC SUPPORTING THE HOSPITAL 25,000
    NANTUCKET DREAMLAND FOUNDATION
    PO BOX 989
    NANTUCKET,MA02554     		  PC SUPPORT A WIDE VARIETY OF PROGRAMMING, AND TO BRING PEOPLE TOGETHER TO SHARE EXPERIENCES THROUGH FILM, ART, CULTURE AND LEARNING 20,000
    NANTUCKET GOLF CLUB FOUNDATION
    PO BOX 313
    SIASCONSET,MA02564     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    NANTUCKET HISTORICAL ASSOCIATION
    PO BOX 1016
    NANTUCKET,MA02554     		  PC SUPPORT FOR THE OPERATION OF THE NHA'S WHALING MUSEUM, RESEARCH LIBRARY, AND HISTORIC SITES 25,000
    NAPLES YACHT CLUB BLUE GAVEL SCHOLARSHIP FUND INC
    700 14TH AVE S
    NAPLES,FL34102     		  PC BLUE GAVEL SCHOLARSHIP FUND 5,000
    NCH CENTER FOR PHILANTHROPY
    350 7TH ST N
    NAPLES,FL34102     		  PC TO PARTNER WITH THE COMMUNITY TO ENSURE OUR HEALTHCARE SYSTEM PROVIDES HIGH QUALITY AND COMPREHENSIVE CARE TO EVERYONE IN NEED 50,000
    NORTHWESTERN MEMORIAL FOUNDATION
    541 NORTH FAIRBANKS COURT SUITE 800
    CHICAGO,IL60611     		  PC TO SUPPORT THE RELENTLESS PURSUIT OF BETTER MEDICINE AT NORTHWESTERN MEDICINE 35,000
    OUR DAILY BREAD FOOD PANTRY
    PO BOX 109
    MARCO ISLAND,FL341460109     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    RUSH UNIVERSITY MEDICAL CENTER
    1201 W HARRISON ST STE 300
    CHICAGO,IL606073319     		  PC ADVANCE HEALTH CARE, EDUCATION AND OUR UNDERSTANDING OF THE COMPLEX CONDITIONS WE TREAT 25,000
    SPARK YOUTH NYC
    444 MADISON AVENUE
    NEW YORK,NY10022     		  PC TO TRANSFORM THE LIVES OF NYC CHILDREN BY IDENTIFYING AND PROVIDING CRUCIAL FUNDING AND OPERATIONAL SUPPORT TO INNOVATIVE COMMUNITY-BASED START-UP ORGANIZATIONS THAT ASSIST DISADVANTAGED YOUTH THROUGHOUT THE CITY 25,000
    ST MATTHEW'S HOUSE
    2001 AIRPORT ROAD SOUTH
    NAPLES,FL34112     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    THE IMMOKALEE FOUNDATION
    2375 TAMIAMI TRAIL N SUITE 308
    NAPLES,FL34103     		  PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    THE SHELTER FOR ABUSED WOMEN & CHILDREN
    PO BOX 10102
    NAPLES,FL34101     		  PC TO LEAD AND COLLABORATE WITH THE COMMUNITY TO PREVENT, PROTECT AND PREVAIL OVER DOMESTIC VIOLENCE AND HUMAN TRAFFICKING 25,000
    THEATRE WORKSHOP OF NANTUCKET
    PO BOX 1297
    NANTUCKET,MA02554     		  PC PROMOTES THE WELFARE, CULTURE AND ENLIGHTENMENT OF NANTUCKET'S FULL-TIME AND SUMMER RESIDENTS ALONG WITH TENS OF THOUSANDS OF VISITORS 20,000
    UNITED WAY OF METRO CHICAGO
    333 S WABASH AVE 30TH FLOOR
    CHICAGO,IL60604     		  PC TO BRING TOGETHER BUSINESSES, GOVERNMENT, NONPROFITS, AND COMMUNITY LEADERS TO DELIVER FUNDING, RESOURCES, AND EXPERTISE TO NONPROFIT ORGANIZATIONS ACROSS GREATER CHICAGO 10,000
    WARRIOR SCHOLAR PROJECT
    1012 14TH STREET NW STE 1200
    WASHINGTON,DC20005     		  PC WARRIOR-SCHOLAR PROJECT 50,000
    Total .................................bullet 3a 1,095,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		    18 518,823  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 721,558 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    721,558
    (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.)
    1 NOT APPLICABLE
    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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    BRUCE AND DEBORAH DUNCAN FOUNDATION
     
    Employer identification number

    20-3871657
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    BRUCE AND DEBORAH DUNCAN FOUNDATION
          		Employer identification number
    20-3871657
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BRUCE W DUNCAN
    PO BOX 3249
     
    NAPLES, FL34106

    		$ 2,518,740


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    BRUCE AND DEBORAH DUNCAN FOUNDATION
          		Employer identification number

    20-3871657
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 16,800 APPLE INC. SHARES $ 2,518,740 2021-10-26
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    BRUCE AND DEBORAH DUNCAN FOUNDATION
          		Employer identification number

    20-3871657
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,500 0   5,500

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 436,294 436,294
    ABBVIE INC 419,740 419,740
    ALPHABET INC-CL C 1,446,795 1,446,795
    AMAZON.COM INC 3,667,774 3,667,774
    AMERICAN EXPRESS CO 49,080 49,080
    APPLE INC 2,983,176 2,983,176
    CAPITAL ONE FINANCIAL CORP 147,992 147,992
    CHARTER COMMUNICATIONS INC-A 1,303,940 1,303,940
    CITIGROUP INC 181,170 181,170
    COCA-COLA CO/THE 236,840 236,840
    COMCAST CORP-CLASS A 452,970 452,970
    C3.AI INC-A 218,750 218,750
    DEERE & CO 51,433 51,433
    FACEBOOK INC-CLASS A 289,114 289,114
    FIRST REPUBLIC BANK/CA 956,509 956,509
    GENERAL ELECTRIC CO 629,830 629,830
    GRAHAM HOLDINGS CO - CLASS B 53,464 53,464
    INTL BUSINESS MACHINES CORP 35,042 35,042
    JM SMUCKER CO/THE 51,321 51,321
    JOHNSON & JOHNSON 84,929 84,929
    LAMB WESTON HOLDINGS INC 42,968 42,968
    LIBERTY MEDIA COR - SIRIUSXM A 98,649 98,649
    LIBERTY MEDIA COR-SIRIUSXM C 26,687 26,687
    LIBERTY MEDIA CORP-LIBERTY-C 88,605 88,605
    LIBERTY BROADBAND-C 1,681,750 1,681,750
    MICROSOFT CORP 2,522,400 2,522,400
    NORTHERN TRUST CORP 394,713 394,713
    ORACLE CORP 87,210 87,210
    PAYPAL HOLDINGS INC 942,900 942,900
    PEPSICO INC 868,550 868,550
    PFIZER INC 118,100 118,100
    PHILIP MORRIS INTERNATIONAL 38,000 38,000
    REPUBLIC SERVICES INC 652,626 652,626
    VERIZON COMMUNICATIONS INC 155,880 155,880
    VISA INC-CLASS A SHARES 1,126,892 1,126,892
    WASTE MANAGEMENT INC 851,190 851,190
    WORLD WRESTLING ENTERTAIN-A 98,680 98,680
    LIBERTY BROADBAND B- 75,846 75,846
    LIBERTY MEDIA CORP-BRAVES B 2,373 2,373
    QURATE RETAIL GROUP INC-B 23,750 23,750
    ASML HOLDING NV-NY REGSHS 796,140 796,140
    GLAXOSMITHKLINE PLC-SPON ADR 44,100 44,100
    ROCHE HOLDINGS LTD-SPONS ADR 64,612 64,612
    ALIBABA GROUP HOLDING-SP ADR 1,187,900 1,187,900

    TY 2021 InvestmentsOtherSchedule2
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIRST INDUSTRIAL REALTY TR FMV 1,877,895 1,877,895
    ANCHORAGE ILLIQUID OPPORTUNITIES III ACCESS FMV 85,839 85,839
    PRIVATE MIDDLE MARKET CREDIT, LLC FMV 259,965 259,965

    TY 2021 OtherExpensesSchedule
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CT CORPORATION 555 0   0


    TY 2021 OtherIncreasesSchedule
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Description Amount
    UNREALIZED GAIN/LOSS ON SECURITIES 2,795,129


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 133 133   0


    TY 2021 TaxesSchedule
    Name:
    BRUCE AND DEBORAH DUNCAN FOUNDATION
    EIN:
    20-3871657
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 847 847   0
    PY EXCISE TAX DUE 2,980 0   0
    CY ESTIMATED PAYMENTS 30,000 0   0