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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 $11M. Annual income is reported at $3.4M. Total assets have grown from $970K in 2015 to $6.9M in 2023. The foundation is governed by 3 officers and trustees. 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.
The Bright Foundation is best understood not as a public grants program but as a personal giving vehicle for Minneapolis couple Jason Bright (President/Treasurer) and Alex Matusevich (Vice President/Secretary), who have publicly hosted LGBTQ political fundraisers (including a conversion-therapy-ban lobby day event) at their home. Every grant in the available record reflects a personal or values-based connection rather than a competitive review process: the McDonough Institute (regenerative design, Charlottesville VA), City To Sea (ocean-plastics reduction, routed through a National Philanthropic Trust donor-advised fund), Laughing At My Nightmare and Squirmy And Grubs (disability-visibility media created by Shane and Hannah Burcaw), and the University of St Thomas (Twin Cities higher education). All five are repeat, multi-year relationships — McDonough Institute alone received 3 gifts totaling $677,000, City To Sea received 2 gifts totaling $310,000 — with no evidence of a single new, unsolicited grantee being added in the public data. Despite the foundation's database record showing 'accepting applications' as true, there is no published application form, LOI process, deadline, or guidelines document (the application_instructions field is explicitly blank), and the foundation's own website blocked automated access during this research, consistent with a bare informational site rather than an active public grants operation. For most first-time applicants, this is not a fundable target through a standard proposal. The one meaningful signal for 2026 and beyond: the foundation hired its first paid Executive Director (Alex Mimis, $50,000 compensation) in its most recent filing, after nine years of $0 officer compensation — a modest but real step toward professionalized operations that could eventually open a more formal intake process. Until that materializes, the only realistic paths in are (1) genuine values alignment with one of the five known cause areas — LGBTQ rights, disability inclusion and representation, circular/regenerative design, ocean conservation, or Twin Cities Catholic higher education — combined with (2) a warm introduction through the founders' existing philanthropic or LGBTQ-advocacy network, or through one of the current grantee organizations. A cold, formal proposal packet is the wrong format; a short, personal relationship-building note explaining shared mission is far more consistent with how this foundation has actually given.
The Bright Foundation's finances are lumpy and investment-driven rather than steady. Total assets swung from $1.63M (2019) to $11.48M (2021) to $3.79M (2022) to $6.88M (2023) to roughly $11.0M-$11.3M in the most recent two filings — moves driven almost entirely by investment gains and asset sales, not new donor contributions (contributions received were $0 in four of the six years on record, including 2023, 2021, and 2020). Grants paid have followed a similarly uneven path: $20,000 (2019), $10,000 (2020), $132,000 (2021), $335,000 (2022), $377,000 (2023), and $220,590 across 3 grants (2024). Across the public grantee dataset (12 grants, 5 unique organizations, $1,189,000 total, average $99,083 per grant), funding concentrates heavily in a small circle of repeat partners: the McDonough Institute received 3 grants totaling $677,000 (57% of all tracked giving, averaging $225,667 each); City To Sea (via National Philanthropic Trust) received 2 grants totaling $310,000 (26%, averaging $155,000); Laughing At My Nightmare received 2 grants totaling $112,000 (9%); Squirmy And Grubs received 2 grants totaling $54,000 (5%); and the University of St Thomas received 3 grants totaling $36,000 (3%, averaging just $12,000 — the smallest and most frequent relationship). By state, grants cluster in Minnesota (5 grants, home-market ties to St Thomas and local causes), Pennsylvania (4 grants, tied to the Burcaw-affiliated organizations), and Virginia (3 grants, all McDonough Institute). Every recorded grant carries the purpose code 'GENERAL SUPPORT' — 100% of tracked giving is unrestricted operating funding to trusted partners, not project or program grants requiring budgets or deliverables. Third-party 990 aggregators additionally cite a single very small award of roughly $590 (an individual scholarship-style gift) and a 2024 University of New Mexico Foundation grant of $10,000, indicating the funder occasionally makes token-sized gifts alongside its six-figure anchor grants. There is no evidence in any year of the foundation initiating a new large relationship with an organization it hadn't already funded — the growth in dollars over time reflects deepening existing relationships (larger repeat checks to McDonough Institute and City To Sea) rather than portfolio expansion.
The Bright Foundation sits at the very small end of the private-foundation spectrum, both in assets and in the number of organizations it has ever funded (five, in the available record). It is frequently confused in search results and directories with the unrelated, vastly larger BrightFocus Foundation, and it is dwarfed by other Minnesota family foundations with genuine open or semi-open processes.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| The Bright Foundation | ~$11.0M (2025) | $220K-$460K (varies by year) | Founder-directed: LGBTQ advocacy, disability visibility, regenerative design, ocean conservation, MN higher ed | Closed / no published process |
| PFund Foundation (Minneapolis) | Not disclosed | $300K+/yr (Equity Fund program alone) | LGBTQ+ community, Upper Midwest | Open, competitive grant cycles |
| Eugene C. & Gail V. Sit Foundation (MN) | ~$5M | ~$750K/yr | General/education, Minnesota family giving | Not published |
| Sit Investment Associates Foundation (Minneapolis) | ~$41.1M | ~$2.65M (2023) | Education, human services, MN/MA/IN | Not published |
| BrightFocus Foundation (national, name-alike only) | Not comparable (national scale) | $13M-$16M per research cycle | Alzheimer's, macular degeneration, glaucoma research | Competitive scientific LOI/full proposal |
On assets and giving, The Bright Foundation is roughly comparable in scale to the Eugene C. & Gail V. Sit Foundation, but unlike most peers it has never published grant guidelines, a deadline, or an intake form — even PFund, the closest thematic peer on LGBTQ giving, runs a structured competitive cycle. Grant seekers searching by name should be especially careful not to mistake this foundation for BrightFocus, which operates at a completely different scale and process.
Public-facing news coverage specific to The Bright Foundation is essentially nonexistent; targeted searches for the foundation's name returned almost exclusively unrelated organizations (BrightFocus Foundation's Alzheimer's/glaucoma research grants, the UK-based Bright Foundation's Hastings film festival, Bright Iowa's scholarship program), confirming this funder has no press office, newsletter, or media presence. The most substantive, verifiable recent development comes from its own IRS filings rather than news coverage: the most recent Form 990 (available via CauseIQ) shows the foundation's first-ever paid staff position, Executive Director Alex Mimis at $50,000 in compensation, a break from nine straight years (2016-2024) of $0 officer and staff compensation reported by founders Jason Bright and Alex Matusevich. The same filing shows a sharp asset increase to roughly $11.0M-$11.3M, driven by a $2.64M gain on the sale of assets in FY2025 — a liquidity event for the founders that substantially increased the foundation's available capital versus FY2023's $6.88M asset base. No new grant program, request-for-proposals, or grantee-facing announcement was found alongside this hire. The foundation's own website (thebrightfoundation.org) returned an HTTP 403 (blocked) response when accessed for this report, which is consistent with either a minimal/parked site or one configured to block automated fetches, and does not suggest an active, public-facing grants portal has recently launched. Absent further disclosure, the most useful forward-looking signal for grant seekers is simply that the foundation now has, for the first time, a named staff person who could plausibly serve as a point of contact — though there is no indication yet that this translates into a published application process.
Because The Bright Foundation has no published guidelines, LOI portal, or deadline (its application_instructions field is explicitly blank in nonprofit databases and its website could not be crawled), the single most important tip is to not treat this as a normal grant application target. Cold, formal proposals sent without any connection to the foundation's known interests have no documented precedent of success in the available grant history. Instead: (1) Confirm authentic alignment with one of the five demonstrated cause areas — LGBTQ rights and advocacy, disability visibility and inclusion (modeled on Shane and Hannah Burcaw's Laughing At My Nightmare and Squirmy And Grubs platforms), circular/regenerative design education (modeled on the McDonough Institute), ocean-plastics and marine conservation (modeled on City To Sea), or Twin Cities Catholic higher education and community programs (modeled on the University of St Thomas) — before investing any time. (2) Look for a warm introduction rather than a cold submission: the founders are active and visible in Minneapolis LGBTQ-advocacy circles (they have hosted lobby-day fundraisers at their home), so a connection through that network, or through staff/board at one of the current grantees, is far more likely to get a response than an unsolicited email or mailed proposal. (3) If a conversation does open up, emphasize unrestricted, general-operating support rather than a narrowly scoped project ask — 100% of every grant in the public record carries a 'general support' purpose code, meaning the foundation funds organizations and missions, not itemized budgets or deliverables. (4) Frame the ask around a long-term partnership, not a one-time gift: every current grantee has received 2-3 separate awards over time, suggesting the foundation values sustained relationships over one-off transactions. (5) With a first-ever paid Executive Director (Alex Mimis) now on staff as of the most recent filing, that role is the most plausible future point of contact, though there is no public evidence yet that inquiries are actively solicited. (6) Double-check you have the right foundation — searches for 'The Bright Foundation' overwhelmingly surface the unrelated BrightFocus Foundation (national Alzheimer's/eye-disease research funder with a real competitive LOI process); sending a BrightFocus-style scientific proposal to this Minneapolis foundation would be a wasted effort in the opposite direction.
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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's finances are lumpy and investment-driven rather than steady. Total assets swung from $1.63M (2019) to $11.48M (2021) to $3.79M (2022) to $6.88M (2023) to roughly $11.0M-$11.3M in the most recent two filings — moves driven almost entirely by investment gains and asset sales, not new donor contributions (contributions received were $0 in four of the six years on record, including 2023, 2021, and 2020). Grants paid have followed a similarly uneven path: $20,000 (2019), $10,0.
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 is best understood not as a public grants program but as a personal giving vehicle for Minneapolis couple Jason Bright (President/Treasurer) and Alex Matusevich (Vice President/Secretary), who have publicly hosted LGBTQ political fundraisers (including a conversion-therapy-ban lobby day event) at their home. Every grant in the available record reflects a personal or values-based connection rather than a competitive review process: the McDonough Institute (regenerative desig.
The Bright Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
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| 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 |