The Bridge Foundation

Foundation · Grantmaker Charlotte, NC EIN: 68-0550585

The Bridge Foundation is a private foundation focused on Education, based in Charlotte, NC. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $12K in total assets. In 2022, it awarded 4 grants totaling $30K.

Key facts about The Bridge Foundation

EIN
68-0550585
Latest 990 filing
Form 990-PF, 2022
Annual giving (2022)
$30,000
Grants made (2022)
4
Average grant
$7,500
Median grant
$6,250
Total assets
$12,179
Primary geography
North Carolina (58% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

Who The Bridge Foundation funds

By grant dollars, the top recipient states for The Bridge Foundation's 4 itemized 2022 grants were North Carolina (58%), Georgia (25%) and New York (17%). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Educational" (4 grants).

How The Bridge Foundation gives

  • In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$12K

-33.5% YoY

Annual Giving

$30K

+50.0% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$8K

+50.0% YoY

Under IRS private-foundation payout rules, The Bridge Foundation reported a distributable amount of $719 for 2022 — the minimum it must pay out in qualifying distributions.

About The Bridge Foundation

Based on IRS filings

The Bridge Foundation is a private foundation focused on Education, based in Charlotte, NC. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $12K in total assets. In 2022, it awarded 4 grants totaling $30K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 4 itemized 2022 grant dollars.

Cities

AshevilleChapel HillAtlantaDurhamGreenvilleRochester

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$19K$29K$39K202020212022
Metric202220212020
Total Assets$12,179$18,303$16,578
Revenue$29,201$25,175$27,468
Expenses$35,325$23,450$22,370
Qualifying Distributions$30,667$20,271—
Net Investment Income———
Distributable Amount$719$533$269

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2022

Giving Over Time

Total grant dollars and number of grants per year

$0$8K$15K$23K$30K4 grants20204 grants20214 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2022

UNC - Chapel Hill University: $15KUNC - Chapel Hill University$15KGeorgia Institute of Technology: $8KGeorgia Institute ofTechnology$8KRochester Institute of Technology: $5KRochester Institute ofTechnology$5KUniv of NC - Asheville: $3KUniv of NC - Asheville$3K

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest recipients include UNC - Chapel Hill University ($15,000), Georgia Institute of Technology ($7,500), Rochester Institute of Technology ($5,000).

RecipientPurposeAmount
UNC - Chapel Hill University Chapel Hill, NCEducational$15,000
Georgia Institute of Technology Atlanta, GAEducational$7,500
Rochester Institute of Technology Rochester, NYEducational$5,000
Univ of NC - Asheville Asheville, NCEducational$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2022 IRS filing

NameTitleHoursCompensation
Russell WeilTreasurer2—
Mike VreelandPresident2—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is The Bridge Foundation?

The Bridge Foundation is a private foundation focused on Education, based in Charlotte, NC. It holds $12K in total assets as of 2022.

How large is The Bridge Foundation?

As of 2022, The Bridge Foundation holds $12K in total assets with $29K in annual revenue. It awarded 4 grants totaling $30K in 2022.

Where does The Bridge Foundation operate?

The Bridge Foundation has awarded grants in Georgia, North Carolina, New York.

What size grants does The Bridge Foundation award?

In 2022, The Bridge Foundation awarded 4 grants totaling $30K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is The Bridge Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, The Bridge Foundation reported a distributable amount of $719 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Bridge Foundation's EIN?

The Bridge Foundation's EIN (Employer Identification Number) is 68-0550585. IRS Form 990 filing data is available on this page for 2020–2022.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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