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Filing year 2024

THE BRIGHT FOUNDATION

Minneapolis, Minnesota·EIN 47-2581945·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$326k
Total assets
$11.3M
Total expenses
$369k
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. THE BRIGHT FOUNDATION reported 2 unpaid officers and board members on its 990-PF.

Vice President/secretary
President/treasurer

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$221k

Itemized grants

3

Median grant

$10k

RecipientLocationPurposeAmount
THE MCDONOUGH INSTITUTECHARLOTTESVILLE, VAGENERAL SUPPORT$210k
THE UNIVERSITY OF NEW MEXICO FOUNDATIONALBUQUERQUE, NMGENERAL SUPPORT$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE BRIGHT FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.3M
$461k
2023
$326k
$369k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

THE BRIGHT FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about THE BRIGHT FOUNDATION

What are THE BRIGHT FOUNDATION's revenue and expenses?

In 2024, THE BRIGHT FOUNDATION reported $326k in total revenue and $369k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.