//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $8.3M in 2010 to $32.7M in 2024. The foundation is governed by 9 officers and trustees. 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 its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Iowa. 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.
Smallest Grant
$14K
Median Grant
$312K
Average Grant
$346K
Largest Grant
$674K
Based on 6 grants from the most recent 990-PF filing.
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
Scholarship provision to empower scholars to launch careers through successful access and completion of college degrees.
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 |
| 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 | N/A |
Total Giving
N/A
Total Assets
$32.7M
Fair Market Value
N/A
Net Worth
$32.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
| 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 |
| Latinas Latinos Al Exito IncGENERAL FUND | Des Moines, IA | $10K | 2021 |
| Pi515 (Pursuit Of Innovation)GENERAL FUND | Des Moines, IA | $10K | 2021 |
| Rundsm Scholarship FundGENERAL FUND | Des Moines, IA | $10K | 2021 |
| Artforce IowaGENERAL FUND | Des Moines, IA | $10K | 2021 |