The Bruce Foundation is a private grantmaking foundation established in 1998 and based in Chicago, Illinois. It operates as a 501(c)(3) organization focused on philanthropic giving across civic, social, educational, and health initiatives.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$1.9M

+72.7% YoY

Grant Count

53

+35.9% YoY

Avg Grant Size

$36K

+27.1% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily funds civic, social, educational, social services, rescue dogs, human services, and health initiatives.

Grantmaking

The foundation made 39 grants in 2024, with a total grant distribution of approximately $1.12 million in 2023 and $1.94 million in expenses for 2024. Recent grantees include:

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Geographic Focus

Where this funder awards grants

The foundation is based in Chicago, Illinois and funds organizations nationally.

Grant Distribution by State

16states
+8 more states

Cities

ARLINGTONBARRINGTONBAY SAINT LOUISBERKELEYBOSTONBRAINTREECAMBRIDGECHICAGOCLIFTON PARKDEERFIELDDES PLAINESDESPLAINESFISH CREEKFLAGSTAFFGODFREYGODREYHAGERSTOWNHASTINGSHILLSDALEJUNO BEACH

Financial History

Multi-year comparison from IRS filings

As of December 2024:

  • Total Assets: $23.4 million
  • Total Revenues: $18.3 million
  • Total Expenses: $1.9 million
  • Total Grants, Contributions, etc.: $18.0 million

As of December 2023:

  • Total Assets: $9.1 million
  • Total Revenues: $812,000
  • Total Expenses: $1.1 million
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.1201920202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$475K$950K$1M$2M39 grants201939 grants202039 grants202136 grants202239 grants202353 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

HILLSDALE COLLEGE$500KBEVERLY FARM$100KCHICAGO FURNITURE BANK$70KHOPE FOR THE HOMELESS$60KFCACC$50KMARINE LIFE CTR JUNO BEACH$50KNOURISHING HOPE$40KREVIVE CENTER$40KTOUCHED BY AN ANIMAL$40KCAMBRIDGE REPRODUCTIVE H…$40K

Grant Size Distribution

203 grants across all recorded years

182<$50K15$50–100K4$100–250K1$250–500K1$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Robert B Bruce serves as Principal in a management capacity with the foundation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
SUSAN M BRUCEVICE PRESIDE0.5
ELIZABETH H BRUCEVICE PRESIDE0.5
R JEFFREY BRUCEPRES SEC.TRE1

Contact Information

Address: 20 N Wacker Drive, Suite 2414, Chicago, IL 60606-3004

Telephone: 312-236-9162

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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