Bright Future Foundation Inc
Bright Future Foundation Inc is a private foundation focused on Education, based in Sandy, UT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $328K in total assets. In 2025, it awarded 1 grant totaling $24K. Net investment income was $19K.
Bright Future Foundation Inc at a glance
In short: Bright Future Foundation Inc gave $24K across 1 grant in 2025 (avg $24K), mostly in Utah. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,000
- -20.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $24,000
- -20.0% vs 2024
- Median grant
- $24,000
- Total assets
- $328,475
- -1.8% vs 2024
- Primary geography
- Utah (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Bright Future Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Utah ($24K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Bright Future Foundation Inc gives
- Giving grew 20% from 2022 to 2025. Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $20K (2022) to $30K (2024). In 2025 it made 1 grant totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Utah Salt Lake City, UT | For Scholarship Program | $24,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $328,475 | $21,940 | $27,958 | $24,000 | 1 | $24,550 | $18,770 | $24,192 |
| 2024 | $334,493 | $20,031 | $33,581 | $30,000 | 1 | $30,450 | $17,097 | $23,076 |
| 2023 | $348,043 | $15,793 | $23,204 | $20,000 | 1 | $21,519 | $14,198 | $23,475 |
| 2022 | $355,454 | $282 | $24,113 | $20,000 | 1 | $20,635 | $6,481 | $22,127 |
| 2021 | $379,285 | $26,104 | $26,259 | $22,800 | 2 | $23,237 | $23,235 | $24,469 |
| 2020 | $379,440 | $13,623 | $23,894 | $20,300 | 3 | — | $11,028 | $21,277 |
| 2019 | $389,711 | $20,572 | $24,406 | $20,150 | 4 | — | $17,922 | $21,419 |
Under IRS private-foundation payout rules, Bright Future Foundation Inc reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bright Future Foundation Inc is led by Chris T. Liu, President on every filing since 2019; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Chris T. Liu
President
On filings since 2019
No compensation reported
Collin Ard
Secretary
On filings since 2019
$2K (2022) → $2K (2025)
Yixi Cao
Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Collin ARD (Secretary).
Frequently asked questions about Bright Future Foundation Inc
How much does Bright Future Foundation Inc give each year?
Bright Future Foundation Inc gave $24K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 1 grant.
How large is Bright Future Foundation Inc?
Bright Future Foundation Inc reported $328K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
What is Bright Future Foundation Inc?
Bright Future Foundation Inc is a private foundation focused on Education, based in Sandy, UT. It holds $328K in total assets as of 2025.
Where does Bright Future Foundation Inc operate?
Bright Future Foundation Inc has awarded grants in California, Colorado, Utah.
What is Bright Future Foundation Inc's EIN?
Bright Future Foundation Inc's EIN (Employer Identification Number) is 47-3344546. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2019–2024
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