Bluespruce Foundation is a private independent foundation based in Chicago, Illinois, designated as a 501(c)(3) organization. The foundation was granted tax-exempt status in April 2020. It operates as a grantmaking foundation focused on philanthropic initiatives across multiple U.S. states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25K
-97.8% YoY
Annual Giving
$2.4M
+103.0% YoY
Grant Count
15
+7.1% YoY
Avg Grant Size
$163K
+89.5% YoY
Mission & Focus Areas
The foundation's primary focus is on philanthropy and foundations. It supports philanthropic initiatives and grantmaking activities across various regions in the United States.
Grantmaking
The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Average Grant
amount: $367
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Geographic Focus
Where this funder awards grants
The foundation provides funding to multiple U.S. states and cities, including:
- California
- Colorado
- Illinois
- Massachusetts
- Michigan
- New York
- Rhode Island
Specific cities funded include Ann Arbor, Aspen, and Attleboro, among others.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $1,163,758 | 2023 |
| Total Giving | $1,205,095 | 2023 |
| Annual Expenses | $1,224,155 | 2023 |
| Revenue | $1,023,520 | 2023 |
| Total Liabilities | $0 | 2023 |
The foundation's assets increased 2.6% from the previous year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,231 | $1,163,758 | $1,364,393 |
| Revenue | $1,320,288 | $1,023,520 | $1,160,413 |
| Expenses | $2,458,815 | $1,224,155 | $511,654 |
| Qualifying Distributions | $2,457,815 | $1,224,155 | $510,654 |
| Net Investment Income | $74,770 | $36,925 | $21,086 |
| Distributable Amount | $6,418 | $60,161 | $79,888 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by an uncompensated board:
- Jennifer Jacoby Hurd — President/Director
- Edward Magnus — Treasurer/Director
- Timothy Hurd — Director
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Address: 15 East Oak Street, Suite 300 Chicago, Illinois 60611-1205 United States
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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