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Bright Future Foundation Inc. is a private corporation based in SANDY, UT. The foundation received its IRS ruling in 2015. The principal officer is Chris T Liu. It holds total assets of $328K. Annual income is reported at $30K. Total assets have decreased from $445K in 2015 to $348K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Bright Future Foundation Inc. has made 6 grants totaling $63K, with a median grant of $9K. The foundation has distributed between $20K and $23K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $23K distributed across 2 grants. Individual grants have ranged from $3K to $20K, with an average award of $11K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Utah and Colorado. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$7K
Average Grant
$7K
Largest Grant
$11K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bright Future Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in UT, CO.
Bright Future Foundation Inc. has distributed a total of $63K across 6 grants. The median grant size is $9K, with an average of $11K. Individual grants have ranged from $3K to $20K.
Bright Future Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Bright Future Foundation Inc. is headquartered in SANDY, UT. While based in UT, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Collin Ard | SECRETARY | $2K | $0 | $2K |
| Chris T Liu | PRESIDENT | $0 | $0 | N/A |
| Yixi Cao | TREASURER | $0 | $0 | N/A |
Total Giving
$23K
Total Assets
$348K
Fair Market Value
$453K
Net Worth
$348K
Grants Paid
$20K
Contributions
N/A
Net Investment Income
$14K
Distribution Amount
$23K
Total: $271K
Total Grants
6
Total Giving
$63K
Average Grant
$11K
Median Grant
$9K
Unique Recipients
3
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of UtahFOR SCHOLARSHIP PROGRAM | Salt Lake City, UT | $20K | 2022 |
| Honnold FoundationFOR PROGRAM ACTIVITIES | Boulder, CO | $3K | 2021 |
| Compassion Education FoundationFOR SCHOLARSHIP PROGRAM | Jiaxing City | $7K | 2020 |