Bright Trust FBO Knox College
Bright Trust FBO Knox College is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.4M in total assets. In 2024, it awarded 1 grant totaling $683K. Net investment income was $816K.
Bright Trust FBO Knox College at a glance
In short: Bright Trust FBO Knox College gave $683K across 1 grant in 2024 (avg $683K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $682,627
- -14.7% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $682,627
- -14.7% vs 2023
- Median grant
- $682,627
- Total assets
- $14,410,823
- +1.2% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bright Trust FBO Knox College funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Knox College ($683K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Bright Trust FBO Knox College gives
- Giving held roughly steady from 2021 to 2024 (−6%). Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $651K (2020) to $831K (2022). In 2024 it made 1 grant totaling $683K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Knox College Galesburg, IL | General Operating | $682,627 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $14,410,823 | $1,127,863 | $939,950 | $682,627 | 1 | $719,756 | $815,649 | $815,194 |
| 2023 | $14,243,626 | $809,337 | $1,013,717 | $800,692 | 1 | $835,789 | $617,439 | $748,862 |
| 2022 | $14,433,357 | $98,434 | $1,086,184 | $830,878 | 1 | $867,330 | $143,685 | $786,470 |
| 2021 | $15,397,829 | $2,756,766 | $979,257 | $723,301 | 1 | $763,155 | $2,027,256 | $881,015 |
| 2020 | $13,643,974 | $459,744 | $856,243 | $650,918 | 1 | — | $279,468 | $754,411 |
Under IRS private-foundation payout rules, Bright Trust FBO Knox College reported a distributable amount of $815K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bright Trust FBO Knox College's only listed officer is Citibank N A, Trustee & As Req'd on every filing since 2020 (compensated).
Officers on the 2024 filing
Citibank N A
Trustee & As Req'd
On filings since 2020
$67K (2020) → $71K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $71K, to Citibank N a (Trustee, as Req'd).
Frequently asked questions about Bright Trust FBO Knox College
How much does Bright Trust FBO Knox College give each year?
Bright Trust FBO Knox College gave $683K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $801K across 1 grant.
How large is Bright Trust FBO Knox College?
Bright Trust FBO Knox College reported $14.4M in total assets on its 2024 IRS Form 990-PF. It paid out $720K in qualifying distributions that year, against a required minimum of $815K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Bright Trust FBO Knox College operate?
Bright Trust FBO Knox College has awarded grants in Illinois.
What is Bright Trust FBO Knox College's EIN?
Bright Trust FBO Knox College's EIN (Employer Identification Number) is 35-7059216. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Bright Trust FBO Knox College funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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