Bright Funds Foundation

SAN JOSE, CA EIN: 46-2109112 Website

Bright Funds Foundation is a 501(c)(3) public charity based in San Jose, California, established in 2013 and tax-exempt since September 2014. The organization operates as a philanthropic platform and fund distribution entity, providing digital tools and infrastructure to facilitate charitable giving and nonprofit support.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.8M

-49.0% YoY

Revenue

$25.6M

-70.1% YoY

Net Investment Income

$111K

+34.3% YoY

Expenses

$22.3M

-73.5% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Mission Statement: Bright Funds Foundation exists to empower people to be meaningful, effective, and engaged philanthropists. The organization equips everyday donors to make a difference in the areas they are passionate about.

Primary Activities: The Foundation provides a platform for supporting charitable programs, initiatives, and organizations to enhance the lives of those in need. It encourages and facilitates online giving opportunities to 501(c)(3) charitable organizations with the goal of increasing philanthropy while decreasing the cost of fundraising through secure, internet-based tools that allow donors to track their giving.

Funding Focus Areas:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Environmental protection and conservation
Water, sanitation, and hygiene solutions
Poverty alleviation (Bay Area and national focus)
Global poverty

The Foundation curates issue-specific funds including the Water Fund, Environment Fund, Education Fund, Climate Fund, and funds focused on Bay Area and New York poverty.

Grantmaking

The Foundation distributes grants to vetted 501(c)(3) organizations through its platform. Donors can support nonprofits through curated funds organized by issue area and geographic focus.

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Geographic Focus

Where this funder awards grants

The Foundation operates nationally and internationally, with specific geographic initiatives including:

Bay Area, California
New York
United States (national education and poverty initiatives)
Global focus areas (international poverty and conservation)

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2024):

Total Assets: $10,834,060
Total Revenue: $25,639,675
Total Expenses: $22,261,639
Total Giving: $21,301,298

Historical Financial Data (2023):

Total Assets: $21.3M
Total Revenue: $85.7M
Total Expenses: $83.9M
Total Liabilities: $6.63M

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$10,834,060	$21,258,588	$27,273,042
Revenue	$25,639,675	$85,703,644	$69,853,050
Expenses	$22,261,639	$83,907,973	$68,290,248
Qualifying Distributions	—	—	—
Net Investment Income	$110,882	$82,566	—
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

50 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Leadership team and compensation from IRS filings

CEO: Srinagesh Vitthanala

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SRINAGESH VITTHALANA	President	3	—
ANDREW FLACHNER	SECRETARY	3	—
CLIFF GOLDSTEIN	TREASURER	3	—

Recent News & Activity

Recent developments and announcements

The Foundation operates the Bright Network, an all-in-one portal designed to help nonprofits optimize workplace giving. Key features include:

Foellinger Foundation Issues $100,000 Grant to Brightpoint - Brightpoint

Centralized dashboard for vital organizational data

Downloadable donor reports

Profile management tools for nonprofits

ACH payment processing for streamlined donations

The Foundation maintains an active exploration platform where donors can discover and support nonprofits through curated funds organized by issue experts and cause areas.

Foellinger Foundation Issues $100,000 Grant to Brightpoint - Brightpoint

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Bright Funds Foundation fund?

**Mission Statement:** Bright Funds Foundation exists to empower people to be meaningful, effective, and engaged philanthropists. The organization equips everyday donors to make a difference in the areas they are passionate about. **Primary Activities:** The Foundation provides a platform for supporting charitable programs, initiatives, and organizations to enhance the lives of those in need. It encourages and facilitates online giving opportunities to 501(c)(3) charitable organizations with th…

How do I apply for a grant from Bright Funds Foundation?

**Recent Grant Activity:** • Second Harvest of Silicon Valley: $1,035,067 (General Purpose, 2021) **Grant Distribution:** The Foundation distributes grants to vetted 501(c)(3) organizations through its platform. Donors can support nonprofits through curated funds organized by issue area and geographic focus.

Where does Bright Funds Foundation make grants?

The Foundation operates nationally and internationally, with specific geographic initiatives including: • Bay Area, California • New York • United States (national education and poverty initiatives) • Global focus areas (international poverty and conservation)