The Bright Foundation

Foundation · Grantmaker MINNEAPOLIS, MN EIN: 47-2581945

The Bright Foundation is a nonprofit organization, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $221K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$221K

-41.5% YoY

Grant Count

3

+200.0% YoY

Avg Grant Size

$74K

-80.5% YoY

About The Bright Foundation

Based on IRS filings

The Bright Foundation is a nonprofit organization, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $221K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

ALBUQUERQUEBETHLEHEMCHARLOTTESVILECHARLOTTESVILLEJENKINTOWNMINNEAPOLISST PAUL

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$94K$189K$283K$377K1 grants20202 grants20214 grants20221 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

THE MCDONOUGH INSTITUTE$210KTHE UNIVERSITY OF NEW ME…$10KTRAYTON PESCOCOLIDO$590

Grant Size Distribution

11 grants across all recorded years

6<$50K$50–100K4$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Mcdonough Institute ($210,000), The University of New Mexico Foundation ($10,000), Trayton Pescocolido ($590).

RecipientPurposeAmount
THE MCDONOUGH INSTITUTE CHARLOTTESVILLE, VAGENERAL SUPPORT$210,000
THE UNIVERSITY OF NEW MEXICO FOUNDATION ALBUQUERQUE, NMGENERAL SUPPORT$10,000
TRAYTON PESCOCOLIDO ST PAUL, MNSCHOLARSHIP$590

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
ALEX MATUSEVICHVICE PRESIDENT/SECRETARY1
JASON BRIGHTPRESIDENT/TREASURER1

Frequently Asked Questions

Where does The Bright Foundation operate?

The Bright Foundation has awarded grants in Minnesota, New Mexico, Pennsylvania, Virginia.

What size grants does The Bright Foundation award?

In 2024, The Bright Foundation awarded 3 grants totaling $221K — an average of about $74K per grant, based on its IRS Form 990 filings.

What is The Bright Foundation's EIN?

The Bright Foundation's EIN (Employer Identification Number) is 47-2581945. IRS Form 990 filing data is available on this page for 2020–2024.

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

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