The Bright Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FULLERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $543K in total assets. In 2024, it awarded 2 grants totaling $28K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$543K
+228.4% YoY
Annual Giving
$28K
-10.9% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$14K
+33.6% YoY
Under IRS private-foundation payout rules, The Bright Future Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bright Future Foundation
Based on IRS filings
The Bright Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FULLERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $543K in total assets. In 2024, it awarded 2 grants totaling $28K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $542,808 | $165,276 | $200,001 |
| Revenue | $407,330 | $588 | $200,026 |
| Expenses | $29,798 | $35,313 | $25 |
| Qualifying Distributions | $29,798 | $34,725 | — |
| Net Investment Income | $5,161 | — | $1 |
| Distributable Amount | $15,087 | $9,417 | $821 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hope Builders ($25,000), Families Forward ($2,575).
| Recipient | Purpose | Amount |
|---|---|---|
| HOPE BUILDERS SANTA ANA, CA | TRAINING AND MENTORING | $25,000 |
| FAMILIES FORWARD IRVINE, CA | HOMELESSNESS FOR FAMILIES | $2,575 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD F HOLLY JR | DIRECTOR/CEO | — | — |
| DONALD F HOLLY SR | DIRECTOR/SEC | — | — |
| TIFFANY SMITH | DIRECTOR | — | — |
| JULIO COMACHO | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bright Future Foundation?
The Bright Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FULLERTON, CA. It holds $543K in total assets as of 2024.
How large is The Bright Future Foundation?
As of 2024, The Bright Future Foundation holds $543K in total assets with $407K in annual revenue. It awarded 2 grants totaling $28K in 2024.
Where does The Bright Future Foundation operate?
The Bright Future Foundation has awarded grants in California, New York.
What size grants does The Bright Future Foundation award?
In 2024, The Bright Future Foundation awarded 2 grants totaling $28K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The Bright Future Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bright Future Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bright Future Foundation's EIN?
The Bright Future Foundation's EIN (Employer Identification Number) is 37-2007510. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bright Future Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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