Bedrock Foundation Corp

Bedrock Foundation Corp is a Washington, DC-based 501(c)(3) private foundation (EIN 86-1976968) classified under the NTEE category "Educational Institutions and Related Activities / Educational Services and Schools - Other." The foundation has been tax-exempt since September 2021, making it a relatively young grantmaking entity. Leadership listed on the most recent Form 990-PF includes Feng Dong (President), Mengping Chen (Executive Director), Shi Dong (Secretary), and Peiliang Cui (Director) — none of whom draw compensation from the foundation. The organization does not publicly publish a detailed grantmaking strategy, theory of change, or grant application portal on bedrock-foundation.org, and public communications are minimal. Based on the 990-PF NTEE classification and charitable disbursement pattern (~$267K in 2024 and roughly half a million in total expenses), the foundation appears to operate as a closely held family/donor vehicle rather than an open RFP funder. Applicants should assume that Bedrock gives primarily through invitation and existing relationships with the trustee circle, and that external cold applications are unlikely to receive a response without an introduction.

Per the 2024 Form 990-PF filing (fiscal year ending December 2024), Bedrock Foundation Corp reported revenue of -$1,796,903 (driven by -$2,022,981 in sales of assets), expenses of $508,857, charitable disbursements of $267,438, and total assets of $8,205,443 against total liabilities of $6,488,581 — an unusually high liability ratio for a private foundation, suggesting leveraged or real-estate-heavy assets. Contributions received totaled $200,000 in 2024, indicating the donor circle continues to fund the entity. The foundation has filed 990-PFs from tax year 2021 forward, so grantmaking history is short (three to four years). Because Bedrock does not publish a grants list and charitable disbursements are modest (roughly $0.2–0.3M/year), typical grant sizes are almost certainly small (likely four- to low-five-figure range), and the annual grant budget is concentrated among a small number of recipients. NTEE categorization ("Educational Services and Schools — Other") suggests education is the primary charitable focus, though specific program areas cannot be confirmed from public filings alone.

Relative to peers in the sub-$10M private foundation bracket, Bedrock's 2024 payout ratio (~3.3% of assets) is below the 5% IRS minimum distribution floor — which means the foundation likely made additional qualifying distributions recorded elsewhere on the 990-PF, or it is carrying forward excess distributions from prior years. Compared to similarly sized education-focused private foundations, Bedrock is notably opaque: many peers at this asset level publish at least a one-paragraph grantmaking philosophy and an email contact, while Bedrock's website provides no public programmatic information.

The most recent filed Form 990-PF covers fiscal year ending December 2024 (available through ProPublica Nonprofit Explorer). In 2024 the foundation recorded a net loss of $2.3M driven by a $2.0M loss on asset sales — a significant balance-sheet event that materially reduced net assets from prior years. Charitable disbursements in 2024 were $267,438. The foundation continues to receive contributions from its donor circle ($200K in 2024). No press releases, board updates, news coverage, staff changes, or programmatic announcements have been published to bedrock-foundation.org or picked up by third-party philanthropy media as of April 2026. The public website remains minimal (effectively a single-page placeholder), and there is no social media presence tied to the EIN. Nothing in the recent filings indicates program expansion, new focus areas, or an open call for proposals.

Bedrock Foundation Corp does not operate an open grant application process. Before spending time on an LOI, take these steps: (1) Pull the 2024 Form 990-PF from ProPublica Nonprofit Explorer (https://projects.propublica.org/nonprofits/organizations/861976968) and review the Schedule of Grants Paid (Part XV) to identify existing grantees — if none of them resemble your organization's mission, do not apply. (2) Look for warm-introduction paths to the listed officers (Feng Dong, Mengping Chen, Shi Dong, Peiliang Cui) — this foundation's giving pattern is consistent with a family/donor-advised vehicle where unsolicited proposals go unread. (3) If you do make contact, lead with an education-focused program (aligned with the NTEE "Educational Services and Schools — Other" designation) and keep the ask in the $10K–$50K range to match typical grant size. (4) Do not send duplicate cold emails — the foundation's communications footprint is essentially zero, so assume one outreach per year is the ceiling. (5) Given the 2024 asset loss, expect grantmaking capacity to remain constrained in 2025–2026 until the portfolio rebuilds.