FutureBright Inc is a private foundation focused on Health, based in SAN JOSE, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 7 grants totaling $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23K
+13.4% YoY
Annual Giving
$20K
+922.5% YoY
Grant Count
7
+133.3% YoY
Avg Grant Size
$3K
+338.2% YoY
Under IRS private-foundation payout rules, FutureBright Inc reported a distributable amount of $99 for 2024 — the minimum it must pay out in qualifying distributions.
About FutureBright Inc
Based on IRS filings
FutureBright Inc is a private foundation focused on Health, based in SAN JOSE, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 7 grants totaling $20K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $22,848 | $20,152 |
| Revenue | $300 | $22,357 |
| Expenses | $20,799 | $2,565 |
| Qualifying Distributions | $20,450 | $2,000 |
| Net Investment Income | — | $92 |
| Distributable Amount | $99 | $999 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Valley Christian High School ($5,190), Carnegie Mellon University ($5,010), Santa Clara University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Valley Christian High School San Jose, CA | AMSE School Science program donation | $5,190 |
| Doctors without borders New York, NY | This gift supports the humanitarian relief efforts of Doctors Without Borders whose doctors nurses and logistics experts are providing medical care to victims of armed conflict natural disasters malnutrition and epidemics in more than 70 countries around the world. | $250 |
| Kyle J Taylor Foundation San Jose, CA | Health camps for high school athletes and students | $2,000 |
| Santa Clara University Santa Clara, CA | Neuroscience department development | $5,000 |
| Santa Clara University Santa Clara, CA | Charity fair | $1,500 |
| Missionary Sisters of Incarnation | Health camp medical equipments | $1,500 |
| Carnegie Mellon University Pittsburgh, PA | MCS Biology Fund | $5,010 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Francis Kurupacheril | President | 2 | — |
| Nathan Francis | Officer and Founder | 2 | — |
| Navin Shajan | Officer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is FutureBright Inc?
FutureBright Inc is a private foundation focused on Health, based in SAN JOSE, CA. It holds $23K in total assets as of 2024.
How large is FutureBright Inc?
As of 2024, FutureBright Inc holds $23K in total assets with $300 in annual revenue. It awarded 7 grants totaling $20K in 2024.
Where does FutureBright Inc operate?
FutureBright Inc has awarded grants in California, New York, Pennsylvania.
What size grants does FutureBright Inc award?
In 2024, FutureBright Inc awarded 7 grants totaling $20K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is FutureBright Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, FutureBright Inc reported a distributable amount of $99 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is FutureBright Inc's EIN?
FutureBright Inc's EIN (Employer Identification Number) is 93-2001498. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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