Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$29,993,040J 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) 3,003,713
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 715,618 715,618  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,095,456
b Gross sales price for all assets on line 6a 7,415,416
7 Capital gain net income (from Part IV, line 2)... 5,095,456
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........ 8,814,787 5,811,074  
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
List of Attached Documents:
// Content
9,350 4,675   4,675
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
74 74   0
17 Interest............... 76 76   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
968 968   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
List of Attached Documents:
// Content
627 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,095 5,793   4,675
25 Contributions, gifts, grants paid....... 1,230,000 1,230,000
26 Total expenses and disbursements. Add lines 24 and 25 1,241,095 5,793   1,234,675
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,573,692
b Net investment income (if negative, enter -0-) 5,805,281
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 6,268,678 11,137,443 11,137,443
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 14,311,484 Click to see attachment
List of Attached Documents:
// Content
17,702,758 		17,702,758
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,573,916 Click to see attachment
List of Attached Documents:
// Content
1,152,839 		1,152,839
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,154,078 29,993,040 29,993,040
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 22,154,078 29,993,040
29 Total net assets or fund balances (see instructions)..... 22,154,078 29,993,040
30 Total liabilities and net assets/fund balances (see instructions). 22,154,078 29,993,040
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
22,154,078
2
Enter amount from Part I, line 27a .....................
2
7,573,692
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
339,779
4
Add lines 1, 2, and 3 ..........................
4
30,067,549
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
74,509
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,993,040
Form 990-PF (2023)
Form 990-PF (2023)
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 PUBLICLY TRADED STOCK P    
b CAPITAL GAINS DIVIDENDS P    
c
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 7,395,485   2,319,960 5,075,525
b 19,931     19,931
c
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       5,075,525
b       19,931
c
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 5,095,456
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  
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 right arrow 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) 1 80,693
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 80,693
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 80,693
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 52,042
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 52,042
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.......right arrow 9 28,651
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowDE
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowBRUCE W DUNCAN Telephone no.right arrow (312) 961-6662

Located atright arrow1285 GULF SHORE BLVD N SUITE 3ANAPLESFL ZIP+4right arrow34102
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
16,173,393
b
Average of monthly cash balances.......................
1b
9,407,442
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
25,580,835
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
25,580,835
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
383,713
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
25,197,122
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,259,856
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
1,259,856
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
80,693
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
80,693
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,179,163
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,179,163
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
1,179,163
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
1,234,675
b
Program-related investments—total from Part VIII-B..................
1b
0
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
1,234,675
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,179,163
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,223,510
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,234,675
a Applied to 2022, but not more than line 2a 1,223,510
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 2023 distributable amount..... 11,165
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,167,998
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
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 (2023)
Form 990-PF (2023)
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 15,000

AMERICA GIVES INC

PO BOX 3263
WASHINGTON,DC20010 		  PC THE ISRAEL GIVES FOUNDATION 25,000

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20036 		  PC COMMITTED TO EXPANDING LIBERTY, INCREASING INDIVIDUAL OPPORTUNITY, AND STRENGTHENING FREE ENTERPRISE 25,000

AMERICAN FRIENDS OF MAGEN DAVID ADOM

20 W 36TH STREET 1100
NEW YORK,NY10018 		  PC BLS AMBULANCE 20,000

AMERICANS FOR THE IRAELI THIRD WAY INC

666 THIRD AVENUE
NEW YORK,NY10017 		  PC ADDRESSING THE DEEP SOCIAL, ECONOMIC, ETHICAL, RELIGIOUS AND IDEOLOGICAL RIFTS THAT EXIST WITHIN ISRAELI SOCIETY 25,000

ARTIS-NAPLES

5833 PELICAN BAY BOULEVARD
NAPLES,FL341082740 		  PC TO INSPIRE, EDUCATE AND ENTERTAIN BY PRESENTING A UNIQUE RANGE OF WORLD-CLASS PROGRAMS THAT INCLUDE MUSIC, FILM, DANCE, COMEDY, LECTURES AND EXHIBITIONS. 25,000

BIG SHOULDERS FUND

212 W VAN BUREN ST SUITE 900
CHICAGO,IL60607 		  PC TO ASSIST SCHOOLS IN IMPROVING THEIR FINANCIAL SUSTAINABILITY, INNOVATING ACADEMIC PROGRAMS, EQUIPPING TEACHERS AND LEADERS, AND PROVIDING CRUCIAL SCHOLARSHIPS TO FAMILIES 10,000

CAMP BLUE SKIES FOUNDATION

2820 SELWYN AVE BOX 767
CHARLOTTE,NC28209 		  PC TO ENHANCE THE LIVES OF ADULTS WITH DEVELOPMENTAL DISABILITIES THROUGH RECREATION, SOCIALIZATION AND LIFE SKILLS EDUCATION. 10,000

CARA

237 S DESPLAINES
CHICAGO,IL60661 		  PC TO UNLOCK THE POWER AND PURPOSE WITHIN OUR COMMUNITIES AND OURSELVES TO CREATE REAL AND LASTING SUCCESS. 10,000

CATO INSTITUTE

1000 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20001 		  PC TO LEAVE FUTURE GENERATIONS A FREER AND MORE PROSPEROUS WORLD 10,000

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 STREET UNIT 302
CHICAGO,IL60609 		  PC TO ENGAGE EVEN MORE CHICAGOANS IN BUILDING A MORE EQUITABLE FUTURE FOR OUR CITY. 20,000

CHICAGO COLLEGIATE CHARTER SCHOOL

11816 S INDIANA
CHICAGO,IL60628 		  PC TO PROVIDE OUR STUDENTS WITH THE HIGHEST QUALITY EDUCATION POSSIBLE, AND YOUR RECENT GIFT WILL PLAY A CRUCIAL ROLE IN ENHANCING THEIR EDUCATIONAL EXPERIENCE 10,000

COMMUNITY FOUNDATION OF COLLIER COUNTY

1110 PINE RIDGE ROAD SUITE 200
NAPLES,FL34108 		  PC SUPPORTING THE COLLIER COMMUNITY FOUNDATION'S OPERATING FUND 10,000

COMMUNITY FOUNDATION OF COLLIER COUNTY

1111 PINE RIDGE ROAD SUITE 200
NAPLES,FL34109 		  PC BOOKS FOR COLLIER KIDS 10,000

CONSERVANCY OF SOUTHWEST FLORIDA

1495 SMITH PRESERVE WAY
NAPLES,FL34102 		  PC TO PROTECT SOUTHWEST FLORIDA'S UNIQUE NATURAL ENVIRONMENT AND QUALITY OF LIFE...NOW AND FOREVER. 20,000

EVANS SCHOLARS FOUNDATION

2501 PATRIOT BOULEVARD
GLENVIEW,IL60026 		  PC SUPPORT CAPITAL EXPENSES WITH A PREFERENCE FOR THE FUTURE ESTABLISHMENT OF AN EVANS SCHOLARSHIP HOUSE AT THE UNIVERSITY OF SOUTH CAROLINA 200,000

FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION

510 WALNUT ST SUITE 1250
PHILADELPHIA,PA19106 		  PC TO DEFEND ALL AMERICANS' RIGHTS TO FREE SPEECH IN BOTH THE COURT OF LAW AND THE COURT OF PUBLIC OPINION 10,000

FRIENDS OF THE ISRAEL DEFENSE FORCES

PO BOX 4224
NEW YORK,NY10163 		  PC PROVIDE HOPE, PURPOSE, AND LIFE-CHANGING SUPPORT FOR THE SOLDIERS WHO PROTECT ISRAEL AND THE JEWISH PEOPLE WORLDWIDE 50,000

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 50,000

HOOVER INSTITUTION

1399 NEW YORK AVENUE NW SUITE 500
WASHINGTON,DC20005 		  PC TO IMPROVE HUMAN CONDITION BY ADVANCING IDEAS THAT PROMOTE ECONOMIC OPPORTUNITY AND PROSPERITY 35,000

HUMANE SOCIETY NAPLES

370 AIRPORT-PULLING RD N
NAPLES,FL34104 		  PC TO HELP HUMANE SOCIETY NAPLES LEAD THE RECOVERY EFFORTS THROUGHOUT THE IMPACTED AREAS. 10,000

KENYON COLLEGE

209 CHASE AVE
GAMBIER,OH43022 		  PC ROBERT CAMPBELL DUNCAN SCHOLARSHIP FUND 25,000

MAUI UNITED WAY

95 MAHALANI STREET 24
WAILUKU,HI96793 		  PC MAUI FIRE DISASTER RELIEF FUND 10,000

MILLENNIUM PARK FOUNDATION

201 EAST RANDOLPH STREET
CHICAGO,IL60601 		  PC TO PROVIDE SUPPORT TO THE CITY OF CHICAGO IN ITS OPERATION AND (SCH O) PROGRAMMING OF MILLENNIUM PARK, AND SERVE AS THE PARK'S CURATORS. 10,000

MOORINGS PRESBYTERIAN CHURCH

791 HARBOUR DRIVE
NAPLES,FL34103 		  PC EASTER MISSION, CHRISTMAS MISSION, GENERAL PURPOSE 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 LAND CONSERVATION IN NANTUCKET, MASSACHUSETTS 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 SUPPORT LOCAL 501(C)(3) ORGANIZATIONS AND SUPPORT PROGRAMS THAT AWARD SCHOLARSHIP GRANTS IN THE FIELD OF EDUCATION. 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

NANTUCKET ISLAND SAFE HARBOR FOR ANIMALS

PO BOX 2844
NANTUCKET,MA02584 		  PC TO PROVIDE SHELTER AND CARE FOR ANIMALS IN NEED AND TO PROMOTE ANIMAL WELFARE THROUGH HUMANE EDUCATION, OUTREACH, AND ADVOCACY. 20,000

NAPLES YACHT CLUB BLUE GAVEL SCHOLARSHIP FUND INC

700 14TH AVE S
NAPLES,FL34102 		  PC BLUE GAVEL SCHOLARSHIP FUND 10,000

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 25,000

NORTHWESTERN MEMORIAL FOUNDATION

541 NORTH FAIRBANKS COURT SUITE 800
CHICAGO,IL60611 		  PC TO SUPPORT THE RELENTLESS PURSUIT OF BETTER MEDICINE AT NORTHWESTERN MEDICINE 25,000

PATHWAYS EARLY EDUCATION CENTER OF IMMOKALEE

4060 TAMIAMI TRAIL N UNIT 1
NAPLES,FL34103 		  PC TO PROVIDE ESSENTIAL RESOURCES, SERVICES, AND OPPORTUNITIES TO THOSE IN NEED. 20,000

PGA TOUR FIRST TEE FOUNDATION

13000 SAWGRASS VILLAGE CIRCLE
BUILDING 4
PONTE VEDRA BEACH,FL32082 		  PC TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER AND INSTILL LIFE-ENHANCING VALUES THROUGH THE GAME OF GOLF. 50,000

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 10,000

SHIRLEY RYAN ABILITY LAB

355 EAST ERIE STREET
CHICAGO,IL60611 		  PC DEDICATED TO PROVIDING THE BEST PATIENT OUTCOMES THROUGH THE HIGHEST-QUALITY CLINICAL CARE, TRANSLATIONAL RESEARCH, SCIENTIFIC DISCOVERY AND EDUCATION. 25,000

ST MATTHEW'S HOUSE

2001 AIRPORT ROAD SOUTH
NAPLES,FL34112 		  PC TO CHANGE LIVES IN A SPIRITUAL ENVIRONMENT THAT IS BOTH COMPASSIONATE AND DISCIPLINED AS WE PROVIDE HOUSING, FOOD, AND RECOVERY FOR PEOPLE EXPERIENCING HUNGER, HOMELESSNESS AND ADDICTION. 25,000

THE CHARRO FOUNDATION

10533 E LAKEVIEW DR
SCOTTSDALE,AZ85258 		  PC PROMOTING EDUCATION, YOUTH ACTIVITIES, AND CULTURAL ENRICHMENT IN OUR COMMUNITY 10,000

THE HERITAGE FOUNDATION

214 MASSACHUSETTS AVENUE NE
WASHINGTON,DC20002 		  PC TO FORMULATE AND PROMOTE CONSERVATIVE PUBLIC POLICIES BASED ON THE PRINCIPLES OF FREE ENTERPRISE, LIMITED GOVERNMENT, INDIVIDUAL FREEDOM, TRADITIONAL AMERICAN VALUES, AND A STRONG NATIONAL DEFENSE. 35,000

THE IMMOKALEE FOUNDATION

2375 TAMIAMI TRAIL N SUITE 308
NAPLES,FL34103 		  PC TO PROVIDE SERVICES TO OVER 1,400 STUDENTS IN THE IMMOKALEE COMMUNITY. 20,000

THE MELANOMA RESEARCH ALLIANCE FOUNDATION

730 15TH STREET NW
WASHINGTON,DC20005 		  PC TO SUPPORT HIGH IMPACT RESEARCH PROGRAMS 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

UNIVERSITY OF KENTUCKY MARKEY CANCER FOUNDATION INC

100 STURGILL BUILDING
LEXINGTON,KY40506 		  PC MARKEY CANCER CENTER FUND 25,000

WARRIOR SCHOLAR PROJECT

1012 14TH STREET NW STE 1200
WASHINGTON,DC20005 		  PC WARRIOR-SCHOLAR PROJECT 20,000
Total .................................right arrow 3a 1,230,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 715,618  
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 5,095,456  
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 5,811,074 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,811,074
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
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
2023
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) (2023)
Schedule B (Form 990) (2023) 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

$ 3,003,713


(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) (2023)
Schedule B (Form 990) (2023)
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
 15,750 APPLE INC. SHARES $ 3,003,713 2023-11-15
(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) (2023)
Schedule B (Form 990) (2023)
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
BRUCE AND DEBORAH DUNCAN FOUNDATION
EIN:
20-3871657
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 9,350 4,675   4,675

TY 2023 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 341,217 341,217
ABBVIE INC 480,407 480,407
ALPHABET INC-CL C 704,650 704,650
AMAZON.COM INC 2,431,040 2,431,040
APPLE INC 914,517 914,517
ASML HOLDING NV-NY REGSHS 756,920 756,920
BLACKSTONE SECURED LENDING 1,706,383 1,706,383
CAPITAL ONE FINANCIAL CORP 133,742 133,742
CITIGROUP INC 154,320 154,320
COMCAST CORP-CLASS A 394,650 394,650
DEERE & CO 59,981 59,981
GE HEALTHCARE TECHNOLOGY 260,955 260,955
GENERAL ELECTRIC CO 1,292,254 1,292,254
GRAHAM HOLDINGS CO - CLASS B 696,520 696,520
LAMB WESTON HOLDINGS INC 144,841 144,841
LIBERTY BROADBAND B- 5,357 5,357
LIBERTY MEDIA CORP-BRAVES B 3,594 3,594
META PLATFORMS INC-CLASS A 707,920 707,920
MICROSOFT CORP 2,820,300 2,820,300
NORTHERN TRUST CORP 278,454 278,454
PFIZER INC 57,580 57,580
QURATE RETAIL GROUP INC-B 20,438 20,438
REPUBLIC SERVICES INC 771,779 771,779
VISA INC-CLASS A SHARES 1,353,820 1,353,820
WASTE MANAGEMENT INC 913,410 913,410
WELLS FARGO & COMPANY 297,709 297,709

TY 2023 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
ANCHORAGE ILLIQUID OPPORTUNITIES III ACCESS FMV 9,704 9,704
FIRST INDUSTRIAL REALTY TR FMV 967,390 967,390
PRIVATE MIDDLE MARKET CREDIT, LLC FMV 175,745 175,745

TY 2023 OtherDecreasesSchedule
Name:
BRUCE AND DEBORAH DUNCAN FOUNDATION
EIN:
20-3871657
Description Amount
BOOK/TAX DIFFERENCE IN 1099 REPORTING 74,509


TY 2023 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 627 0   0


TY 2023 OtherIncreasesSchedule
Name:
BRUCE AND DEBORAH DUNCAN FOUNDATION
EIN:
20-3871657
Description Amount
UNREALIZED GAIN/LOSS ON SECURITIES 339,779


TY 2023 OtherProfessionalFeesSchedule
Name:
BRUCE AND DEBORAH DUNCAN FOUNDATION
EIN:
20-3871657
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 74 74   0


TY 2023 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 968 968   0