Skip to content
Nonprofiteer
← MARGARET BLOOM TRUST

Form 990 for tax year 2024

Filed by MARGARET BLOOM TRUST.

Totals

Total revenue
$772,552
Total expenses
$683,036
Contributions and grants received
$0
Grants paid
$550,070
Program service revenue
$0
Investment income
$678,902
Other revenue
$93,650
Total assets, end of year
$9,311,679
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,311,679
Program services expenses (Part IX)
$550,070
Management and general expenses
$131,966
Fundraising expenses
$0
Program service expenses (Part III)
$550,070

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $340,428 · excluded $340,428

  • 6a · Gross rents

    real property $117,495

  • 6b · Less rental expenses

    real property $23,932

  • 6c · Rental income or loss

    real property $93,563

  • 6d · Net rental income or loss

    total $93,563

  • 7a · Gross sales of assets other than inventory

    securities $1,348,710

  • 7b · Less cost or other basis and sales expenses

    securities $1,010,236

  • 7c · Gain or loss

    securities $338,474

  • 7d · Net gain or loss

    total $338,474

  • 11d · All other revenue

    total $87 · excluded $87

  • 11e · Other revenue, total

    $87

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $550,070 · program services $550,070

  • 5 · Compensation of officers, directors and key employees

    total $122,030 · management and general $122,030

  • 11c · Fees: accounting

    total $1,145 · management and general $1,145

  • 11g · Fees: other

    total $650 · management and general $650

  • 22 · Depreciation, depletion and amortization

    total $1,000

  • 24e · All other expenses

    total $8,141 · management and general $8,141

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $341,094 · end of year $83,994

  • 3 · Pledges and grants receivable

    beginning of year $1,111 · end of year $1,822

  • 10a · Land, buildings and equipment: cost or other basis

    $1,172,222

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,375

  • 10c · Land, buildings and equipment, net

    beginning of year $1,145,847 · end of year $1,144,847

  • 11 · Investments: publicly traded securities

    beginning of year $7,736,513 · end of year $8,081,016

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,224,565 · end of year $9,311,679

Mission and programs · 2024

Mission

THE ORGANIZATION IS A CHARITABLE TRUST THAT WAS CREATED UNDER THE WILL OF MARGARET BLOOM WHOSE DATE OF DEATH WAS SEPTEMBER 29, 1981. THE TRUST PROVIDES THAT THE ASSETS OF THE TRUST ARE TO BE HELD IN TRUST BY THE TRUSTEE FOR THE USE AND BENEFIT OF THE UNIVERSITY OF ILLINOIS FOUNDATION IN PROVIDING SCHOLARSHIPS AT THE UNIVERSITY OF ILLINOIS, URBANA, ILLINOIS. DISTRIBUTIONS FROM THE TRUST ARE TO BE USED SOLELY FOR THE EDUCATION AND MAINTENANCE OF STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO MEET CERTAIN CONDITIONS PROVIDED FOR THEIR COLLEGE EDUCATION.

  • UNIVERSITY OF ILLINOIS FOUNDATION

    Expenses $550,070 · Grants $550,070

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BUSEY BANK

    TRUSTEE

    Total calculated
    $122,030
    From this org
    $122,030
    From related orgs
    $0
    Other
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 June 2025
IRS schema version
2024v5.1
Source object
202501649349301330

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.