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Bright Foundation is a private corporation based in URBANDALE, IA. The foundation received its IRS ruling in 2019. The principal officer is % Thomas E Press. It holds total assets of $32.7M. Annual income is reported at $6.9M. As a scholarship provider the mission of The Bright Foundation is to empower scholars to launch careers through the successfull access and completion of college degrees. According to available records, Bright Foundation has made 27 grants totaling $8.5M, with a median grant of $221K. Annual giving has grown from $1.8M in 2021 to $2.4M in 2024. Individual grants have ranged from $3K to $953K, with an average award of $316K. The foundation has supported 14 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
As a scholarship provider the mission of The Bright Foundation is to empower scholars to launch careers through the successfull access and completion of college degrees.
Expenses: $2.5M
As a scholarship provider the mission of The Bright Foundation is to empower scholars to launch careers through the successfull access and completion of college degrees. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in IA.
Bright Foundation has distributed a total of $8.5M across 27 grants. The median grant size is $221K, with an average of $316K. Individual grants have ranged from $3K to $953K.
Bright Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bright Foundation is headquartered in URBANDALE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meredith Dohmen | President | $139K | $10K | $153K |
| Thomas E Press | Chairman & Managing Director | $40K | $0 | $40K |
| Stacy Wanderscheid | Secretary & Director | $4K | $0 | $4K |
| Jeffrey G Fleming | Treasurer & Director | $4K | $0 | $4K |
| Jerry Deegan | Vice President & Director | $4K | $0 | $4K |
Total Giving
$3M
Total Assets
$32.5M
Fair Market Value
$52.3M
Net Worth
$32.5M
Grants Paid
$2.4M
Contributions
$204K
Net Investment Income
$1.9M
Distribution Amount
$0
Total: $5.5M
Total Grants
27
Total Giving
$8.5M
Average Grant
$316K
Median Grant
$221K
Unique Recipients
14
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Iowa State University FoundationScholarships | Ames, IA | $953K | 2024 |
| University Of Iowa Center For AdvancementScholarships | Iowa City, IA | $861K | 2024 |
| University Of Northern Iowa FoundationScholarships | Cedar Falls, IA | $616K | 2024 |
| Des Moines Area Community CollegeScholarships | Ankeny, IA | $21K | 2024 |
| Southwestern Community CollegeScholarships | Creston, IA | $36K | 2023 |
Other foundations that have funded Bright Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Mary K And Daniel M Kelly Foundation | $100K | 2023 | GENERAL OPERATIONS |
| Hill Crest Foundation Inc. | $40K | 2023 | SUPPORT |
| Hill Crest Foundation Inc. | $40K | 2023 | SUPPORT |
| Enterprise Holdings Foundation | $3K | 2023 | Program Support |
| Enterprise Holdings Foundation |
| Charles A Haas | Director (7/1/23 thru 12/31/23) | $2K | $0 | $2K |
| Craig A Shadur | Director (Since 1/2/24) | $2K | $0 | $2K |
| Carrie A Kompelien | Director (Since 1/2/24) | $2K | $0 | $2K |
| Dale J Andringa | Director | $0 | $0 | $0 |
| 2019 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Indian Hills FoundationScholarships | Ottumwa, IA | $10K | 2023 |
| Iowa State UniversityGeneral Fund/Scholarships | Ames, IA | $674K | 2022 |
| University Of IowaGeneral Fund/Scholarships | Iowa City, IA | $541K | 2022 |
| University Of Northern IowaScholarships | Cedar Falls, IA | $377K | 2022 |
| Des Moines Public SchoolsGENERAL FUND | Des Moines, IA | $15K | 2021 |
| Artforce IowaGENERAL FUND | Des Moines, IA | $10K | 2021 |
| Rundsm Scholarship FundGENERAL FUND | Des Moines, IA | $10K | 2021 |
| Latinas Latinos Al Exito IncGENERAL FUND | Des Moines, IA | $10K | 2021 |
| Pi515 (Pursuit Of Innovation)GENERAL FUND | Des Moines, IA | $10K | 2021 |
| $1K |
| 2023 |
| Program Support |
| Aarons Foundation Inc. | $750 | 2023 | OPERATING EXPENSES/EDUCATION IN HUMAN TRAFFICKING PREVENTING, INTERVENTION, VICTIM RECOVERY/COUNSELING AND PRACTICAL SAFETY FOR TEENS/ADULTS IN SOCIAL MEDIA |
| Housing Affordability Trust | $338K | 2022 | Discretionary |
| Mary K And Daniel M Kelly Foundation | $110K | 2022 | GENERAL OPERATIONS |
| Mark And Karen Luebke Family Foundation | $10K | 2022 | GENERAL SUPPORT |
| Mark And Karen Luebke Family Foundation | $10K | 2022 | GENERAL SUPPORT |
| Nelson And Charleen Kemp Foundation | $5K | 2022 | RESTORATION SPRINGS |
| Nelson And Charleen Kemp Foundation | $5K | 2022 | RESTORATION SPRINGS |
| Davis Family Foundation | $3K | 2022 | Capital Campaign |
| Davis Family Foundation | $3K | 2022 | Capital Campaign |
| The Fayette Community Foundation | $2K | 2022 | COMMUNITY |
| The Fayette Community Foundation | $2K | 2022 | COMMUNITY |
| Mckesson Foundation | $500 | 2022 | CHARITABLE |
| Mastek Sparkman Family Foundation | $500 | 2022 | nationwide Children's hospital |
| Mckesson Foundation | $500 | 2022 | CHARITABLE |
| Mastek Sparkman Family Foundation | $500 | 2022 | nationwide Children's hospital |
| Mark And Karen Luebke Family Foundation | $5K | 2021 | GENERAL SUPPORT |
| Reese Phifer Jr Memorial Foundation | $500 | 2021 | RESTORATION SPRINGS |
| Edwards Lifesciences Foundation | $500 | 2020 | MATCHING GIFTS GRANT |
| Wendell & Marsha Yim Foundation | $200 | 2020 | EDUCATIONAL |
| Jules Podell Foundation Inc. | $111 | 2020 | CHARITY |
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