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The Bright Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2016. It holds total assets of $11.3M. Annual income is reported at $347K. Total assets have grown from $970K in 2015 to $6.9M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, The Bright Foundation has made 12 grants totaling $1.2M, with a median grant of $66K. Annual giving has grown from $10K in 2020 to $377K in 2023. Grantmaking activity was highest in 2022 with $670K distributed across 8 grants. Individual grants have ranged from $3K to $377K, with an average award of $99K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Virginia and Pennsylvania and Minnesota. Contributions to this foundation are tax-deductible.
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.
The Bright Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in VA, PA, MN.
The Bright Foundation has distributed a total of $1.2M across 12 grants. The median grant size is $66K, with an average of $99K. Individual grants have ranged from $3K to $377K.
The Bright Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Bright Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alex Matusevich | VICE PRESIDENT/SECRETARY | $0 | $0 | N/A |
| Jason Bright | PRESIDENT/TREASURER | $0 | $0 | N/A |
| Matthew Dornquast | DIRECTOR (PART YEAR) | $0 | $0 | N/A |
Total Giving
$461K
Total Assets
$6.9M
Fair Market Value
$6.9M
Net Worth
$6.9M
Grants Paid
$377K
Contributions
N/A
Net Investment Income
$3.3M
Distribution Amount
$269K
Total: $6.9M
Total Grants
12
Total Giving
$1.2M
Average Grant
$99K
Median Grant
$66K
Unique Recipients
5
Most Common Grant
$27K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Mcdonough InstituteGENERAL SUPPORT | Charlottesvile, VA | $377K | 2023 |
| City To Sea Via National Philanthropic TrustGENERAL SUPPORT | Jenkintown, PA | $155K | 2022 |
| Squirmy And GrubsGENERAL SUPPORT | Minneapolis, MN | $27K | 2022 |
| University Of St ThomasGENERAL SUPPORT | St Paul, MN | $3K | 2022 |
| Laughing At My NightmareGENERAL SUPPORT | Bethlehem, PA | $102K | 2021 |